For an employee these are earnings and for the company these are cost elements

Sriram Somayajula

Admin

11-Nov-20 12:06

Then in illustration 3 of the institute's textbook, why is the employer contribution not added ?

Attachments

Swathi Krishna

CA Inter

★ 7K+

11-Nov-20 12:09

In this illustration employee's contribution is deducted which is understandable, but then why is empolyer's contribution not added ?

Swathi Krishna

CA Inter

★ 7K+

11-Nov-20 12:10

In this the computation is made only to show what an employees net wages are. it is not used for any other computation

Sriram Somayajula

Admin

11-Nov-20 12:35

And employer contribution is added

Sriram Somayajula

Admin

11-Nov-20 12:56

https://resource.cdn.icai.org/55900bosintermay20-p3-cp3.pdf

Sriram Somayajula

Admin

11-Nov-20 12:57