Dear seniors, Please help me how to prepare salary statment,how to calculate Basic.DA.HRA,Conveniance allowence,my salary 9000 Rs plz calculate this and plz send me attachment of salary statment.
From India, Bangalore
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2From India, Bangalore
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Dear Member, 9000 Basic 3600 PF 432 HRA 1800 PT 80 Conv 800 7650 512 Medical 1250 Children Allow 200 City Compansation Allow 618 Gross Salary 8268 Take Home 7756 PF 432 Bonus 300 CTC 9000
From India, Mumbai
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From India, Mumbai
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Dear Ms. Susheela,
Please find attached the exact salary statement with different salary levels. You can also download the same and continue to use it for future reference. Please note the following:
1. Basic and DA should be as per the Minimum Wages notification.
2. If the salary is more, then the formula can remain as it is in the sheet.
3. You should update the salary details in the Master Sheet.
4. For OT calculation, if your company is paying a single rate, then remove the *2 part.
5. Do not delete any formulas.
For any further clarifications, you may contact me at 9481847810 - Bangalore.
Regards,
RK
From India, Mumbai
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Please find attached the exact salary statement with different salary levels. You can also download the same and continue to use it for future reference. Please note the following:
1. Basic and DA should be as per the Minimum Wages notification.
2. If the salary is more, then the formula can remain as it is in the sheet.
3. You should update the salary details in the Master Sheet.
4. For OT calculation, if your company is paying a single rate, then remove the *2 part.
5. Do not delete any formulas.
For any further clarifications, you may contact me at 9481847810 - Bangalore.
Regards,
RK
From India, Mumbai
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Hello Seniors! I am pursuing an MBA with an HR specialization, but I am having difficulty understanding how all components of the salary statement are computed based on a salary of 9000. Specifically, I am confused about the calculation of basic pay, medical allowance, conveyance allowance, city compensation allowance, and gross salary. Thank you for providing the details!
9000
Basic 3600 PF 432
HRA 1800 PT 80
Conveyance 800 7650 512
Medical 1250
Children Allowance 200
City Compensation Allowance 618
Gross Salary 8268 Take Home 7756
PF 432
Bonus 300
CTC 9000
From India, Trichy
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9000
Basic 3600 PF 432
HRA 1800 PT 80
Conveyance 800 7650 512
Medical 1250
Children Allowance 200
City Compensation Allowance 618
Gross Salary 8268 Take Home 7756
PF 432
Bonus 300
CTC 9000
From India, Trichy
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Hai, There is hardly any connection between OT double payment and PF deduction.. Both are seperate statutes and there is no any interlink. RK
From India, Mumbai
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From India, Mumbai
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Dear Harji,
The provident fund contribution is not applicable to overtime wages, and the same will not be deducted from the salary of the employees, whether it is being paid as single or double.
Regards,
R. B. Yadav
Advocate
From India, Gurugram
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The provident fund contribution is not applicable to overtime wages, and the same will not be deducted from the salary of the employees, whether it is being paid as single or double.
Regards,
R. B. Yadav
Advocate
From India, Gurugram
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Dear Sir, I have doubt in this, how much percentage you have been taken ctc salary, kindly help me regards this, With Regards Shyamala
From United States, Ashburn
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From United States, Ashburn
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Hi,
Please find below the following calculations for CTC:
1. 13.61% PF Contribution on Basic and DA
2. 8.33% of Basic and DA as Bonus
3. 4.81% of Basic and DA as Gratuity
4. 4.75% of Gross as ESI (if fixed gross salary is below 15K)
5. Performance incentives, Target incentives if any.
Clubbing all the above with Gross Salary is considered as CTC.
Regards,
RK
From India, Mumbai
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Please find below the following calculations for CTC:
1. 13.61% PF Contribution on Basic and DA
2. 8.33% of Basic and DA as Bonus
3. 4.81% of Basic and DA as Gratuity
4. 4.75% of Gross as ESI (if fixed gross salary is below 15K)
5. Performance incentives, Target incentives if any.
Clubbing all the above with Gross Salary is considered as CTC.
Regards,
RK
From India, Mumbai
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Dear Shyamala,
Basic: 50% of total salary
HRA: 35% on basic
Children allowance: $200 per child, $100 maximum for 2 children
Conveyance: $800
Medical allowance: $1250
CCA: 35%
Food Allowance: 10%
Bonus: 8.33% on basic
PF: 12% on basic
ESI: 1.75% on basic
Gratuity: 4.81%
Uniform Allowance: 15%
Mobile allowance, etc...
Please review the corrected information. Let me know if you need any further assistance.
From India, Mumbai
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Basic: 50% of total salary
HRA: 35% on basic
Children allowance: $200 per child, $100 maximum for 2 children
Conveyance: $800
Medical allowance: $1250
CCA: 35%
Food Allowance: 10%
Bonus: 8.33% on basic
PF: 12% on basic
ESI: 1.75% on basic
Gratuity: 4.81%
Uniform Allowance: 15%
Mobile allowance, etc...
Please review the corrected information. Let me know if you need any further assistance.
From India, Mumbai
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Salary-Note.doc
SALARY SHEET CALCULATION.xls