1.0HR Letter Formatshttps://www.yourhrworld.com/formatsrich600338<blockquote class="wp-embedded-content" data-secret="M3EfyPXeVL"><a href="https://www.yourhrworld.com/formats/hr/statutory-deductions-exemptions-perquisites-payroll/">Statutory Deductions Exemptions Perquisites Payroll</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.yourhrworld.com/formats/hr/statutory-deductions-exemptions-perquisites-payroll/embed/#?secret=M3EfyPXeVL" width="600" height="338" title="“Statutory Deductions Exemptions Perquisites Payroll” — HR Letter Formats" data-secret="M3EfyPXeVL" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://www.yourhrworld.com/formats/wp-includes/js/wp-embed.min.js </script> I Have Attached Statutory Deductions Exemptions Perquisites Payroll Rules for Statutory Deductions, Exemptions on Allowances & Perquisites Statutory Deductions: 1. EPF   12% on Basic + Wages + Stipend + Arrears Condition:        If Basic salary at the Date of joining is above 6,500 then It is optional to Employee for PF Deduction. Else If Basic salary at the Date of joining is below 6,500 then PF Deduction is compulsory Companies Contribution: 12% on Basic + Wages + Stipend + Arrears   2. ESIC   1.75% on Gross Salary. Condition:        If Gross Salary is below 10,000 then ESIC is applicable and