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Microlesson · 5-min read

Payroll Procedure and Statutory Deductions

## Payroll Procedure — The End-to-End Flow

```

Time-Keeping Dept → Attendance/hours data

Personnel/HR Dept → Approved employee list + pay rates

Payroll Department → Computes gross wages + incentives; prepares pay slips

Cost/Accounts Dept → Applies statutory deductions; pays net salary

Statutory Bodies → Employer deposits PF, ESI, TDS, Professional Tax

```

Anti-fraud check: Payroll cross-verifies the HR employee list to ensure no bogus/ghost employees are paid.

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## Deductions from Payroll

### Statutory Deductions (Mandatory by Law)

DeductionDescription
Provident Fund (PF)Employee's share (typically 12% of basic wages) deducted from salary
Employee State Insurance (ESI)Employee's contribution deducted from salary (applicable where ESI Act applies)
Tax Deducted at Source (TDS)Employer deducts income tax monthly if net salary exceeds the exemption limit; remitted to Income Tax Department
Professional TaxState-level tax on employment; rate and applicability vary by state

### Voluntary / Other Deductions

DeductionDescription
Voluntary PF contributionEmployees may contribute above the mandatory rate
Benevolent FundOptional contribution to employee welfare fund
Loan repayment instalmentsRecovery of loans advanced by the employer
Advance adjustmentsFestival advances, unadjusted previous advances

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## Treatment in Cost Accounts

  • Employer's share of PF and ESI → Added to employee cost (not a deduction — it is an additional cost over gross salary)
  • Employee's deductions → These reduce take-home pay but do not reduce employee cost to the company
  • TDS is not an employer expense — it is the employee's tax liability, collected by the employer as an agent of the government

Worked example

### Example 1

Full Payroll Computation:

Employee: Production Worker

Basic Salary: ₹25,000 | DA: ₹5,000 | Gross Salary: ₹30,000

Deductions:

ItemAmount
PF (employee 12% of ₹25,000)₹3,000
ESI (employee 0.75% of ₹30,000)₹225
TDS₹1,200
Professional Tax₹200
Total Deductions₹4,625

Net salary paid to employee = ₹30,000 − ₹4,625 = ₹25,375

Employee cost to company (for cost accounting):

ItemAmount
Gross Salary₹30,000
Employer PF (12% of ₹25,000)₹3,000
Employer ESI (3.25% of ₹30,000)₹975
Total Employee Cost₹33,975

⚠️ Common exam mistakes

  • Treating net salary paid (after deductions) as employee cost — employee cost equals gross salary PLUS employer's statutory contributions
  • Classifying TDS as an additional business expense — it is the employee's income tax, merely collected by the employer
  • Confusing employee's PF contribution (deducted from salary) with employer's PF contribution (additional cost to company) — both end up in the PF account but the source is different
  • Ignoring Professional Tax in cost calculations — though small, it is a statutory deduction that must be remitted
Reference:
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