Dear Members.
I have attached a salary slip to this discussion, i want to know that how
the salary break up done? i want to analysis the salary slip?
please help me to understand this salary slip.
thanks
Mohammed Shafi
From India, Bangalore
I have attached a salary slip to this discussion, i want to know that how
the salary break up done? i want to analysis the salary slip?
please help me to understand this salary slip.
thanks
Mohammed Shafi
From India, Bangalore
Hi
Pl refer this ,i think this will help you to understand.
Part A- Gross Basic mandetory head(40% of Gross for nonmentro city & 50% for metro city) or as per minimum wage act
HRA mandetory head ( min 5% -275 of basic)
Transport All 800 /-monthly- Optional ( maximum tax exmpted amt under this head)
Medical Allowance (as per company policy) 1250/monthly Optional ( maximum tax exmpted amtunder this head)
Child Allowance ( maximum 2 children) 100 /- each for nonhosteOR 300/- each for hostelile- monthly
Food Allowance (as per company policy 1500/- monthly -Optional ( maximum tax exmpted amtunder this head)
Total of A Gross=Total of A
Part B LTA as per company policy Optional -amt According to Company policy.
Bonus as per Act. Optional -According to Company policy.
Total Of B
Employer Contribution,Part C EPF 13.61 % of Basic ( in some orgnaization -13.61 %on celling amount i.e 6500/-=780/-)
ESI = 4.75% on gross (applicable only if gross is less than 15000/- )
Total Of C
CTC per anum ( A+B+C) ( A+B+C)
Employee Deudection PF 12 % of Basic ( in some orgnaization -12%on celling amount i.e 6500/-=780/-)
ESI = 1.75% on gross (applicable only if gross is less than 15000/- )
Income Tax as per TDS act
Prof Tax IF(D15<=5000,0,IF(D15<=10000,175,200))
Total Deduction
Net Take Home(A-Deduction) Net Take Home(A-Deduction)
From India, Pune
2Pl refer this ,i think this will help you to understand.
Part A- Gross Basic mandetory head(40% of Gross for nonmentro city & 50% for metro city) or as per minimum wage act
HRA mandetory head ( min 5% -275 of basic)
Transport All 800 /-monthly- Optional ( maximum tax exmpted amt under this head)
Medical Allowance (as per company policy) 1250/monthly Optional ( maximum tax exmpted amtunder this head)
Child Allowance ( maximum 2 children) 100 /- each for nonhosteOR 300/- each for hostelile- monthly
Food Allowance (as per company policy 1500/- monthly -Optional ( maximum tax exmpted amtunder this head)
Total of A Gross=Total of A
Part B LTA as per company policy Optional -amt According to Company policy.
Bonus as per Act. Optional -According to Company policy.
Total Of B
Employer Contribution,Part C EPF 13.61 % of Basic ( in some orgnaization -13.61 %on celling amount i.e 6500/-=780/-)
ESI = 4.75% on gross (applicable only if gross is less than 15000/- )
Total Of C
CTC per anum ( A+B+C) ( A+B+C)
Employee Deudection PF 12 % of Basic ( in some orgnaization -12%on celling amount i.e 6500/-=780/-)
ESI = 1.75% on gross (applicable only if gross is less than 15000/- )
Income Tax as per TDS act
Prof Tax IF(D15<=5000,0,IF(D15<=10000,175,200))
Total Deduction
Net Take Home(A-Deduction) Net Take Home(A-Deduction)
From India, Pune
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Salary Raise Request.doc