Please advice how to prepare a salary slip for 3 lakh CTC including PF
From India, Delhi
2From India, Delhi
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Salary head Amt Basic 11650 HRA 6990 Conveyance 2330 Education 2330 Gross Salary 23300 Yearly Gross 279600 Exgratia 8000 PF Emplr 16776 Mediclaim 1125 CTC Amount 305501
From India, Pune
From India, Pune
Salary slip for 3 Lac CTC.
BASIC - 12500
HRA - 6250 (50% OF BASIC)
MEDICAL - 1250
TRANSPORT ALLOW - 800
OTHER ALLOWANCE - 2378
(A) GROSS SALARY = TOTAL (Of the Above) = 23178
(B) NET SALARY = GROSS - EMPLOYEE PF CONTRIBUTION - 23178 - 780 = 22398
EMPLOYER PF CONTRIBUTION - 780
BONUS - 1042 (BASIC / 12)
TOTAL CTC = (A) + EMPLOYER PF CONTRIBUTION + BONUS = 23178 + 780 + 1042 = 25000
From India, Bangalore
BASIC - 12500
HRA - 6250 (50% OF BASIC)
MEDICAL - 1250
TRANSPORT ALLOW - 800
OTHER ALLOWANCE - 2378
(A) GROSS SALARY = TOTAL (Of the Above) = 23178
(B) NET SALARY = GROSS - EMPLOYEE PF CONTRIBUTION - 23178 - 780 = 22398
EMPLOYER PF CONTRIBUTION - 780
BONUS - 1042 (BASIC / 12)
TOTAL CTC = (A) + EMPLOYER PF CONTRIBUTION + BONUS = 23178 + 780 + 1042 = 25000
From India, Bangalore
Basic: 10000
HRA: 4000
Education: 200
Conveyance: 800
Special Allowance: 5952
Medical/ESI (As applicable): 833
LTA: 833
Provident Fund at 12% of Basic Salary: 1200
Gratuity at 4.81% of Basic Salary: 481
"Bonus at 20% of Basic Salary (Basic Salary Max of 3500/p.m.)": 700
Cost to the Company (Amount in Rs.): 25000
From India, Hyderabad
HRA: 4000
Education: 200
Conveyance: 800
Special Allowance: 5952
Medical/ESI (As applicable): 833
LTA: 833
Provident Fund at 12% of Basic Salary: 1200
Gratuity at 4.81% of Basic Salary: 481
"Bonus at 20% of Basic Salary (Basic Salary Max of 3500/p.m.)": 700
Cost to the Company (Amount in Rs.): 25000
From India, Hyderabad
It all depends on what your company has to pay as statutory benefits to the employees and what other perks the company provides to employees. Just divide the total (Rs. 4.00 lac in this case) by 12. That's the monthly emoluments. Work out the rate of DA/HRA/other perks.
Now, deduct the statutory liabilities, such as EPF/ESI/bonus/gratuity, from the remaining amount at a monthly rate. There is no set formula. Simply follow the company's convention.
From India, Chandigarh
Now, deduct the statutory liabilities, such as EPF/ESI/bonus/gratuity, from the remaining amount at a monthly rate. There is no set formula. Simply follow the company's convention.
From India, Chandigarh
Hi,
It actually depends on how the company wants to provide the same. It can be with PF or without PF, depending on the size of the firm. With PF, the breakup has already been given; without PF, it can be as follows: -
Basic: 10,000
HRA: 4,000
Other Allowances: 11,000
Monthly Gross: 25,000
Final CTC: 3,00,000
Please feel free to revert in case of any clarifications.
Regards,
Vyakhya
From India, Bangalore
It actually depends on how the company wants to provide the same. It can be with PF or without PF, depending on the size of the firm. With PF, the breakup has already been given; without PF, it can be as follows: -
Basic: 10,000
HRA: 4,000
Other Allowances: 11,000
Monthly Gross: 25,000
Final CTC: 3,00,000
Please feel free to revert in case of any clarifications.
Regards,
Vyakhya
From India, Bangalore
Hi Vyakhya,
Thanks for the info. It would be great if you could provide a breakup of 3 lakhs CTC on an Excel sheet showing yearly and monthly salary. I request you to include only basic, HRA, conveyance, special allowance, and deduct only PF and professional tax.
Thanks a ton in advance. Waiting for a reply.
From India, Pune
Thanks for the info. It would be great if you could provide a breakup of 3 lakhs CTC on an Excel sheet showing yearly and monthly salary. I request you to include only basic, HRA, conveyance, special allowance, and deduct only PF and professional tax.
Thanks a ton in advance. Waiting for a reply.
From India, Pune
Hello sir,
I would like to request the salary breakdown for a monthly amount of 22,000, after the deduction of professional tax and any other applicable taxes. I would greatly appreciate it if you could explain to me how to calculate and deduct the taxes and other deductions from the gross salary.
I am eagerly awaiting your response. Thank you and regards.
From India, Gurgaon
I would like to request the salary breakdown for a monthly amount of 22,000, after the deduction of professional tax and any other applicable taxes. I would greatly appreciate it if you could explain to me how to calculate and deduct the taxes and other deductions from the gross salary.
I am eagerly awaiting your response. Thank you and regards.
From India, Gurgaon
Pls. share how should I calculate Gross monthly break up for CTC 3.6 lacs. What will be the Net Salary offered to employee?
From India, Pune
From India, Pune
i want the salary breakup for 25k but no esi and pf so kindly help me for this.
From India, New Delhi
From India, New Delhi
Pls. share how should I calculate Gross monthly break up for CTC 3.7 lacs. What will be the Net Salary offered to employee?
From India, Pune
From India, Pune
Monthly Monthly Annual Basic 7,500 90,000 House Rent Allowance 3,750 45,000 Education Allowance 300 3,600 As per company policy Conveyance Allowance 1,600 19,200 As per Company Policy Medical Allowance 425 5,100 As per company policy Personal Allowance 9,200 110,400 TOTAL (1) 23,375 280,500
Annual Benefits Provident Fund 900 10,800 Bonus/Ex-gratia 1465 17,580 TOTAL (2) 1,625 19,500 TOTAL (1 + 2) 25,000 300,000
Please find the corrected formatting and spelling in the text above.
From India, Mumbai
Annual Benefits Provident Fund 900 10,800 Bonus/Ex-gratia 1465 17,580 TOTAL (2) 1,625 19,500 TOTAL (1 + 2) 25,000 300,000
Please find the corrected formatting and spelling in the text above.
From India, Mumbai
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CTC SALARY SLIP FORM.xls
Salary slip.doc