Hi!!!! Can anyone help me with salary breakup for Rs. 54,000/- Gross per/month for a private company. Please help me for it asap. Thank you.
From India
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1From India
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Dear Careers@Lalkar.in,
Calculation is pertaining to Metro city, please provide us with details on Metro/Non-Metro designations for which salary negotiation is being done. Please check the Income Tax liability for this salaried employee.
(A) Basic: 40% (Metro cities) - 21600
Special Allowance - 17169
Total (A) - 38769
(B) Statutory components
PF (Employer's contribution) - 2592
Gratuity - 1039
ESIC (Employer's Contribution) - 0
Statutory Bonus - 0
Total (B) = 3631
(C) Allowances & Reimbursements (Non-Taxable)
House Rent Allowance - 10800
Conveyance Allowance - 800
TOTAL (C) - 11600
CTC is A+B+C = 54000
Gross: 50369 (Gross salary includes components without deductions like PF, professional tax, income tax, etc.)
Thank you.
From India, Visakhapatnam
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Calculation is pertaining to Metro city, please provide us with details on Metro/Non-Metro designations for which salary negotiation is being done. Please check the Income Tax liability for this salaried employee.
(A) Basic: 40% (Metro cities) - 21600
Special Allowance - 17169
Total (A) - 38769
(B) Statutory components
PF (Employer's contribution) - 2592
Gratuity - 1039
ESIC (Employer's Contribution) - 0
Statutory Bonus - 0
Total (B) = 3631
(C) Allowances & Reimbursements (Non-Taxable)
House Rent Allowance - 10800
Conveyance Allowance - 800
TOTAL (C) - 11600
CTC is A+B+C = 54000
Gross: 50369 (Gross salary includes components without deductions like PF, professional tax, income tax, etc.)
Thank you.
From India, Visakhapatnam
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Attached is the CTC calculation of Gross 54K Let me know if you want to add any additional allowances
From India, Mumbai
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From India, Mumbai
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Attached is the CTC calculation of Gross as 54K Let me know if you want to add any additional allowances
From India, Mumbai
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From India, Mumbai
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Ctc 54000 bpay 27000 hra 13500 conv 800 med 1250 spcl 5526 gross pay 48076 pf emplr 3675 ex. Gratia 2249
From India, Delhi
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From India, Delhi
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I absolutely agree with Bhakti Narang's perfect calculation of components. We follow the same in our company.
In the deduction part, either you can deduct PF at 12% of Basic or restrict it to Rs. 780/-
Regards,
RK
From India, Mumbai
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In the deduction part, either you can deduct PF at 12% of Basic or restrict it to Rs. 780/-
Regards,
RK
From India, Mumbai
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Dear Mr. Mubarack,
The calculation is asked for Gross, not for CTC. Hence, Bonus, etc., will not come in the way. Travel Reimbursement is also not a part of Gross Salary. All the calculations of components are not in line with any of the statutes.
RK
From India, Mumbai
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The calculation is asked for Gross, not for CTC. Hence, Bonus, etc., will not come in the way. Travel Reimbursement is also not a part of Gross Salary. All the calculations of components are not in line with any of the statutes.
RK
From India, Mumbai
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It is not clear what are the extra benefits / facilities your company is providing presently. Pl note the basic that Basic salary be less so that liability of the Company will be less.
From India, Mumbai
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From India, Mumbai
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Hi, Please help me out how to calculate HRA, other allowances, medical, furnishing, Conveyance etc. thanx & regards SJ
From India, Mumbai
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From India, Mumbai
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Dear SJ,
Actually, Basic + DA is 40% of the Gross. Additionally, HRA is 40% of the Basic + DA. Transport Allowance is Rs. 800, and Medical Allowance is Rs. 1250. The remaining amount can be considered as Special Allowance or Other Allowances. For more details, please refer to the Excel sheet attached by Bhakti.
Regards,
RK
From India, Mumbai
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Actually, Basic + DA is 40% of the Gross. Additionally, HRA is 40% of the Basic + DA. Transport Allowance is Rs. 800, and Medical Allowance is Rs. 1250. The remaining amount can be considered as Special Allowance or Other Allowances. For more details, please refer to the Excel sheet attached by Bhakti.
Regards,
RK
From India, Mumbai
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