POOJA AGNIHOTRI
3

dear all,
i want to know the breakup of salary, that how it can be calculated,like what are the % of EPF, ESI ,CCA, FA, TA, DA, SA ETC, or is there any format from where i can learn more? please help me.

From India, Mumbai
Amitmhrm
496

Hello Pooja,

The components of the salary break up may be as below, you can prepare it at the suitability of your own. HRA would be 40 or 50% of basic.

Basic

HRA 40 - 50% is exempted from Taxes, depends on class of city

CCA - 825/- is exempted from tax

Other Allowance

Mobile Reimbursement

Medical Reimbursement of 1250/month is exempted from tax

Gross Per Month = Sum of all the above.

Gross Per Annum= 12*Gross/Month

PF Contribution= 12% of Basic/Annum

ESI Contribution = 4.75% of Gross/Annum

Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.

Getting more than this will be covered under Mediclaim or it depends on company policy

EX-Gratia/Bonus = A fixed amount as Bonus

Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia

Annual Total Cost = AFGC + PF+ESIC

Annual total cost is also called as CTC.

Apart from this Food coupons, Holiday package and Furnishing items are included in their CTC.

Hope it must helped you to clear your queries up to some extent.

Regards,

Amit Seth.

From India, Ahmadabad
deepak_dwivedi9
149

Hi,
I have enclosed herewith a sample salary calculation template. Please open it before going through this mail.
1. Basic + DA:
Basic can be given 30-40% of gross salary, while DA is fixed just it has been revised to Rs.648/-,
2. HRA: HRA can be given upto 50% of Basic, if employee leaves in Metropolitan or upto 40% in other cities. That will be non taxable, incase of submission the rent reciept.
3. Conveyance :
Rs. 800/- per month is non taxable.
Education Allow:
Rs. 200/- per month is non taxable, incase of two children.
Bonus :
8.33% to 20% can be given.
PF :
Employer Contribution : 12 % of Basic+DA
Employee contribution is same.
ESIC :
Applicable, if employee per month earned variables are more than Rs.10000/- earlier it was Rs. 6500/- amende in the month of October.
Employer Contribution : 4.75% of all earned per month income,
Employee Contribution :1.75% of all earned per month income
Regards
Deepak Dwivedi
Asst. Manager - HR

From China
Attached Files (Download Requires Membership)
File Type: xls sample_salary_calculation_template_147.xls (20.0 KB, 707 views)

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