Hello seniors,
I have a question related to payroll. We have a construction company where sometimes management finalizes the candidate at the site. If management provides us with a candidate with a 2.5 lac CTC, how do I break up the components for employer PF, ESI, gratuity, and bonus?
From India, Delhi
Acknowledge(0)
Amend(0)
I have a question related to payroll. We have a construction company where sometimes management finalizes the candidate at the site. If management provides us with a candidate with a 2.5 lac CTC, how do I break up the components for employer PF, ESI, gratuity, and bonus?
From India, Delhi
Acknowledge(0)Amend(0)
Particulars Monthly (Rs.) Yearly (Rs.) Gross Pay Components
Basic Salary 8333.6 100003.2 House Rent Allowance 3333.44 40001.28 Innovative Allowance 3167 38003.136 Conveyance Allowance 1600 19200 Washing Allowance 2000 24000 Monthly Total 18434 221208
Annual benefits
Medical Allowance* 0 0 Leave Travel Allowance 0 0 Bonus 1400 16800 Total Annual Benefit 1400 16800
Annualized Retirals
Provident Fund - Employer Contribution 1000.032 12000.384 Total Annualized Retirals 1000.032 12000.384 Total Cost to Company (A+B+C) 20834 250008
From India, Pune
Acknowledge(0)Amend(0)
494Basic Salary 8333.6 100003.2 House Rent Allowance 3333.44 40001.28 Innovative Allowance 3167 38003.136 Conveyance Allowance 1600 19200 Washing Allowance 2000 24000 Monthly Total 18434 221208
Annual benefits
Medical Allowance* 0 0 Leave Travel Allowance 0 0 Bonus 1400 16800 Total Annual Benefit 1400 16800
Annualized Retirals
Provident Fund - Employer Contribution 1000.032 12000.384 Total Annualized Retirals 1000.032 12000.384 Total Cost to Company (A+B+C) 20834 250008
From India, Pune
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.