Salary Breakup - Xls Download [thread 298359]

Hi, I want to know how to prepare salary break up. Regards, Shweta Gehlot
24th November 2010 From India, Gurgaon

Hi Shweta ,
Here is the salary break up for you . I hope it will give some information about the salary break up.
Earnings :
Basic : -50% on the CTC
HRA :- 40% on the Basic ( For Metros it is 50%)
Conveyance allowance : Rs.750 per month ( more than 750 is taxable )
Medical allowance :-Rs. 1250 per month ( more than 1250 is taxable )
You can consider the remaining as special allowance , project allowance etc:
ESI - 4.75% of gross salary ( Employer contribution )
Deductions :
PF- 12% on the basic ( from employee side )
ESI - 1.75% of gross salary .
Professional tax :-According to the slab .
__
Thanks & Regards,
Vani

24th November 2010 From India, Secunderabad

Dear Shweta,
I hope this will be useful for salary break.Please let me the state for preparing salary,because Prof Tax slabs are different for other states.
Basic 50%
Hra 45% on basic
Convy 800
Medical 1250
Oth
G.P Total of Basic,hra etc
Esi 1.75 on Gross
PF 12 % on Basic
P.Tax It depend on salary,Refer ptSlabs
N.P Gross-esi-pf-pt

Employer
Pf 13.61 on Basic
Esic 4.75 on Gross

CTC Gross+Employer contribution
Best Regards,
Mohammed
25th November 2010 From India, Hyderabad

Dear Shwetha,
I hope this will be helpfull to u.Please refer below are the break up..Prof tax will be differnt for states.Pls follow as per the same.
Basic 50%
Hra 45% on
Convy 800
Medical 1250
Oth
G.P = Total of Basic,hra etc
Esi 1.75 on Gross
PF 12 % on Basic
P.Tax It depend on salary,Refer ptSlabs
N.P Gross-esi-pf-pt
Employer Pf 13.61 on Basic
Esic 4.75 on Gross
CTC Gross+Employer contribution
Thanks,
-Mohammed

25th November 2010 From India, Hyderabad

Hi, I want to know the meaning for salary standard and please tell me the details Regards Swapna
25th November 2010 From India, Hyderabad

Dear Shweta,
First and foremost you will have to design a Salary Structure for your Company.
The CTC break up will be based on this structure. Some useful suggestions have already been made by some members. You could us these as guidelines.
I am attaching herewith a slaray structure which could also offer you some idea to create your own Salary Structure.
Best Wishes,
Vasant Nair

26th November 2010 From India, Mumbai

Attached Files (Download Requires Membership)

Book1.xls (14.5 KB, 287 views)

Can We break salary like this to avoid PF deduction:- gross: 12000 basic 6600/- medical: 850/- HRA: 1250/- rest all special allowance:3300/- kindly advice
27th November 2010 From India, Delhi

Hi
Salary break up depend upon the company's policy, status, level/catagories of employees, nature of bussiness etc.
Break Up per Month salary
Basic- 40% to 60%
Hra -20% to 50% on basic
Convy -800 or 20 to 40%
Medical -1250 or 8.33%
Washing All -100/- to 250/-
CCA -200/ to--
Children Edu. All -250/- to 1000/-
Special All -
Food/canteen All. -
Servant All-
Gross Total of Basic,hra etc Per Month =
Annual Perks/benifits
Esi 1.75 on Gross
PF 12 % on Basic
LTA
Bonus
Gratuity
Transport/ car-
P.Tax It depend on salary,Refer ptSlabs
CTC =salary PM + annula Perks
Regarding PF applicabilty subject to already member of EPF or not.
28th November 2010 From India, New Delhi

Hi,
here is the salary break up.
Basic - 40 to 60% if DA is there then basic is
basic - 40%
DA - 20%
HRA - 25%
CA - 15%
total 100% shud b caculate for salary break up its true. but DA shud not b more than 20% n less then 15%.basic shud not b more than 50% and less then 40%. if DA is calculate then basic+da shud not b more then 60%.
ESI- 1.75% (Employee contribution)
4.75% (Employer contribution)
PF - 12% (from Employee side)
PT - as per slab.
thanx
A.Anil kumar
Executive HR.
28th November 2010 From India, Hyderabad

Hi! Sir, I am in a big company not maintaining any PF account, is there any problem we will face later?
29th November 2010 From India, Delhi