Page 16 - 2022 Air Products - India Guide

Table of Types of Travel and Human Employee Employee
Compensation
Contents About Us Employment Leave Compensation Expenses Insurance Resources Welfare Conduct

Deductions Personal Income Tax

The following deductions are affected in the monthly payroll. • Every month the amount of income tax would be deducted from the
employee‘s salary based on his/her Investment Declaration and would get
Provident Fund (Employee Contribution)
deposited with income tax authorities.
• 12% of the Basic Salary would be deducted from every month‘s Payroll • The personal tax declarations must be updated on ADP link after an
and would get deposited with PF authorities. employee receives their username and password.
• Any increase in percentage over and above Employee voluntary PF amount • It is the responsibility of each employee to file his/her income tax returns.
should be routed through ADP portal. Each employee is responsible for paying his/her personal income tax.
NPS Overtime

• Any contributions made toward NPS would be deducted as per declaration Employees are not eligible for overtime payment except those who are on
submitted by an employee in Flexi pay. special assignment like commissioning of plant and are required to work in
Sodexo/Meal Voucher continuous shifts for long hours in sites only.

• Amount declared in Flexi Pay toward meal voucher would be deducted as Eligibility and administration of overtime shall be in accordance with the
per declaration made by an employee, if any. prevailing relevant regulation.
Professional Tax

• According to the slabs prescribed by the state government, the appropriate
professional tax would be deducted from the payroll.

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