What is deferred salary? How it is calculated? Is it applicable to all companies or it changes based on the company’s compensation policy?
From India, Bangalore
5From India, Bangalore
In a salary cost to company basis calculations there are mainly 3 components of salary.
1) Immediate receivables
2) Deferred Salary
3) Taxes & compulsory deductions.
Focussing upon deferred salary :-
Gross salary minus the deductions = cash in hand salary component
that is :- Basic+HRA+Edu All+Conv.+Sp.All+Cash cony=GROSS SALARY ( DEDUCT TAXES HERE TO GET CASH IN HAND)
The remaining components of your salary namely these are all deferred salary.
Company's contribution to PF+Med. p.a+Lta p.a+Any special allowances like upcountry allowance p.a.+Bonus p.a+Entertainment
Hope this information helps you so far.
From India, Mumbai
1) Immediate receivables
2) Deferred Salary
3) Taxes & compulsory deductions.
Focussing upon deferred salary :-
Gross salary minus the deductions = cash in hand salary component
that is :- Basic+HRA+Edu All+Conv.+Sp.All+Cash cony=GROSS SALARY ( DEDUCT TAXES HERE TO GET CASH IN HAND)
The remaining components of your salary namely these are all deferred salary.
Company's contribution to PF+Med. p.a+Lta p.a+Any special allowances like upcountry allowance p.a.+Bonus p.a+Entertainment
Hope this information helps you so far.
From India, Mumbai
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
SALARY SHEET CALCULATION.xls
Salary calculation.doc