Hi friends,
I am writing from UAE.We are manufacturing comapny.We do not have any problem paying high salaries to the employees in UAE.However recenty we have recruited 2 higher official for India.And the salary permonth will be 1,30,000/- INR.(company will be incorporated in India and they will be the employee of that company)
And i do not have any problem in framing the salary stucture for those will be paid up to 40 K INR.
Can some one give me the break up these salary in such a way that the CTC shall be 1.30 lakhs...which means it should be inclusive of PF paid by the company also.At the same time it should be TAX saving too for the candidates.
For this candidate i have given the fraction as follows...is it ok .....or any hanges required:
Basic :50000/-
HRA :20000/-(1250limit for metro)
conv :10000/-
Medical All : 15000 (1500 Limit per month)
SPL all :5000
Other All : 10000
And PF will also be added to this
So please since it is very urgent help me to frame the salary structure of these senior people for our Indian company.
Regards,
Benance
From United Arab Emirates, Abu Dhabi
I am writing from UAE.We are manufacturing comapny.We do not have any problem paying high salaries to the employees in UAE.However recenty we have recruited 2 higher official for India.And the salary permonth will be 1,30,000/- INR.(company will be incorporated in India and they will be the employee of that company)
And i do not have any problem in framing the salary stucture for those will be paid up to 40 K INR.
Can some one give me the break up these salary in such a way that the CTC shall be 1.30 lakhs...which means it should be inclusive of PF paid by the company also.At the same time it should be TAX saving too for the candidates.
For this candidate i have given the fraction as follows...is it ok .....or any hanges required:
Basic :50000/-
HRA :20000/-(1250limit for metro)
conv :10000/-
Medical All : 15000 (1500 Limit per month)
SPL all :5000
Other All : 10000
And PF will also be added to this
So please since it is very urgent help me to frame the salary structure of these senior people for our Indian company.
Regards,
Benance
From United Arab Emirates, Abu Dhabi
Dear Benance
Greetings!
Yearly Grand Totals Monthly
Gross Salary 130,000 10,833
Basic 39,000 3,250
HRA 26,000 2,167
City Compensatory All 39,000 3,250
Employers Contribution 12% of basic or Rs. 780/- whichever is less 4,680 390
Conveyance 9,600 800
Special Allowance 11,720 130,000 977 10,833
Less : Deduction
P.F. ( Employees Contribution 12% of Basic or Rs 780/- whicever is less 4,680 390
P.F. ( Employers Contribution 12% of Basic or Rs 780/- whicever is less 4,680 390
Professional Tax 2,500 11,860 200 980
Net Salary Payable 118,140 9,853
Add Performance Bonus 0
118,140
Rgds,
John N
From India, Madras
57Greetings!
Yearly Grand Totals Monthly
Gross Salary 130,000 10,833
Basic 39,000 3,250
HRA 26,000 2,167
City Compensatory All 39,000 3,250
Employers Contribution 12% of basic or Rs. 780/- whichever is less 4,680 390
Conveyance 9,600 800
Special Allowance 11,720 130,000 977 10,833
Less : Deduction
P.F. ( Employees Contribution 12% of Basic or Rs 780/- whicever is less 4,680 390
P.F. ( Employers Contribution 12% of Basic or Rs 780/- whicever is less 4,680 390
Professional Tax 2,500 11,860 200 980
Net Salary Payable 118,140 9,853
Add Performance Bonus 0
118,140
Rgds,
John N
From India, Madras
Dear John,
Thanks for the break ups.......
I would like to know the break up if monthly gross salary is ONE Lakhs and Thirty Thousands indian Rupees.130.000/-INR
Please it is very very urgent
Regards,
Benance
From United Arab Emirates, Abu Dhabi
Thanks for the break ups.......
I would like to know the break up if monthly gross salary is ONE Lakhs and Thirty Thousands indian Rupees.130.000/-INR
Please it is very very urgent
Regards,
Benance
From United Arab Emirates, Abu Dhabi
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