Dear All, Can some one help on "how to divide salary". For exp.. if the salary is 30K / month then how to divide that for Basic, PF, ESI, HRA, etc... according to the Law.
From India, Vijayawada
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From India, Vijayawada
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Dear Chaitanya,
Please find the breakup below:
Gross - 30000
Basic - 40% of gross - 12000 (50% of gross in case of metro cities)
HRA - 40% of Basic - 4800
Conveyance - 800 (Fixed)
Medical - 1250 (Fixed)
Special Allowance - 11150 (Remaining amount)
Deductions:
PF - 12% of basic - 1440
ESIC - If gross salary is more than 15000 INR, then they are not eligible for ESIC
Professional Tax - 200
Regards,
KUMAR
From India, Bangalore
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4Please find the breakup below:
Gross - 30000
Basic - 40% of gross - 12000 (50% of gross in case of metro cities)
HRA - 40% of Basic - 4800
Conveyance - 800 (Fixed)
Medical - 1250 (Fixed)
Special Allowance - 11150 (Remaining amount)
Deductions:
PF - 12% of basic - 1440
ESIC - If gross salary is more than 15000 INR, then they are not eligible for ESIC
Professional Tax - 200
Regards,
KUMAR
From India, Bangalore
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Dear Chaitanya P,
First of all, I would like to appreciate Kumar for answering your question in a very simple and easy process.
Yes, Basic, HRA, Conveyance, PF, and ESI are according to the law. However, Medical, LTA, and Special Allowance are as per the company's policy.
Thank you.
From India, Mumbai
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First of all, I would like to appreciate Kumar for answering your question in a very simple and easy process.
Yes, Basic, HRA, Conveyance, PF, and ESI are according to the law. However, Medical, LTA, and Special Allowance are as per the company's policy.
Thank you.
From India, Mumbai
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