hi all friends, i want a salary structure of Rs 30000/-,which is 5000/- included telephone and local conveyance. so please provide me as soon as possible. Regards, Deepa
From India, Delhi
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12From India, Delhi
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Basic 21,000.00 House Rent Allowance 2,400.00 Conveyance Allowance 5000.00 Medical Allowance 1,000.00 Education Allowance 600.00 Total Pay 30,000.00
From India, Pune
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From India, Pune
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Hi,
First of all, clarification is required on whether the Rs. 30,000/- is part of CTC or Gross, i.e., whether the employer's contribution to PF is included in the CTC. Secondly, it needs to be confirmed whether PF is being deducted from the employee's salary or not, considering that the basic salary may be around 50%. If not, then the basic salary should be a minimum of 50%. Following this, around 20% of the gross salary can be allocated to HRA, Rs. 100/- towards children's educational allowance (up to a maximum of Rs. 200/-), Rs. 800/- towards conveyance allowance, Rs. 1250/- for medical reimbursement. If meal coupons are provided, it can be at Rs. 1300/- per month, and the remaining amount can be classified as a special allowance.
I believe these details will meet your requirements.
Regards,
Kamesh
From India, Hyderabad
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First of all, clarification is required on whether the Rs. 30,000/- is part of CTC or Gross, i.e., whether the employer's contribution to PF is included in the CTC. Secondly, it needs to be confirmed whether PF is being deducted from the employee's salary or not, considering that the basic salary may be around 50%. If not, then the basic salary should be a minimum of 50%. Following this, around 20% of the gross salary can be allocated to HRA, Rs. 100/- towards children's educational allowance (up to a maximum of Rs. 200/-), Rs. 800/- towards conveyance allowance, Rs. 1250/- for medical reimbursement. If meal coupons are provided, it can be at Rs. 1300/- per month, and the remaining amount can be classified as a special allowance.
I believe these details will meet your requirements.
Regards,
Kamesh
From India, Hyderabad
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Hi,
If this $30,000 is a gross salary, then the following may be the structure:
- Basic: $15,000
- HRA: $7,500
- Conveyance Allowance: $800
- Children Education Allowance: $200
- Medical Reimbursement: $1,250
- LTA: $1,250 (one month's basic, optional)
- Books & Periodicals: $1,000
- Special Allowance: $3,000
- Gross: $30,000/-
- PF: $1,800 (employer share)
- CTC: $31,800/-
If $30,000 is CTC, then Special Allowance will be $1,200, the rest of the items remain constant.
Please note the above is a general standard format and may differ from company to company policy.
Thanks.
From India, New Delhi
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If this $30,000 is a gross salary, then the following may be the structure:
- Basic: $15,000
- HRA: $7,500
- Conveyance Allowance: $800
- Children Education Allowance: $200
- Medical Reimbursement: $1,250
- LTA: $1,250 (one month's basic, optional)
- Books & Periodicals: $1,000
- Special Allowance: $3,000
- Gross: $30,000/-
- PF: $1,800 (employer share)
- CTC: $31,800/-
If $30,000 is CTC, then Special Allowance will be $1,200, the rest of the items remain constant.
Please note the above is a general standard format and may differ from company to company policy.
Thanks.
From India, New Delhi
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Following clarifications need to be made before finalizing the structure:
(1) Whether Rs. 30,000 p.m. is gross or CTC.
(2) Beyond the applicability of ESI, PF, and Bonus - whether the company is willing to cover the employee.
(3) The salary components have to be finalized considering Gratuity and IT.
If Rs. 30,000 is the gross salary, you will have to pay Rs. 2500 as IT if you are not saving up to 1 lac per annum. Also, the basic has to be a minimum of nearly 60% of the gross considering the liability under Gratuity.
From India, Kochi
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(1) Whether Rs. 30,000 p.m. is gross or CTC.
(2) Beyond the applicability of ESI, PF, and Bonus - whether the company is willing to cover the employee.
(3) The salary components have to be finalized considering Gratuity and IT.
If Rs. 30,000 is the gross salary, you will have to pay Rs. 2500 as IT if you are not saving up to 1 lac per annum. Also, the basic has to be a minimum of nearly 60% of the gross considering the liability under Gratuity.
From India, Kochi
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Considering the Take home as 30k, find below the salary strcuture
From India, Madras
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From India, Madras
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please furnish your probable Rent Payment so that we can have Tax planning & optimize Contribution to PF
From India, Bangalore
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From India, Bangalore
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Hi,
You can calculate percentages as follows:
- Basic = 40% of gross
- DA = 20% of basic
- HRA = 40% or 50% of Basic + DA
- Conveyance = $800 non-taxable
- Medical allowance = $1250 non-taxable
- Other allowances = remaining amount.
Regards,
Prajakta
From India, Pune
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You can calculate percentages as follows:
- Basic = 40% of gross
- DA = 20% of basic
- HRA = 40% or 50% of Basic + DA
- Conveyance = $800 non-taxable
- Medical allowance = $1250 non-taxable
- Other allowances = remaining amount.
Regards,
Prajakta
From India, Pune
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please furnish your probable Rent Payment so that we can have Tax planning & optimize Contribution to PF
From India, Bellary
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From India, Bellary
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(Fact Checked)-The user reply is correct in outlining the essential considerations for finalizing the salary structure, including gross vs. CTC, statutory deductions, and component allocation. (1 Acknowledge point)