Can anyone send me the salary breakup for 7.40 lac per year. Components will be baisc, HRA, Transport and bonus. only PF DEDUCTIONS
From India, New Delhi
From India, New Delhi
BASIC= 3,70,000 P.A (30,834 P.M) HRA= 1,85,000 P.A (15417 P.M) CONVEYANCE= 9600 P.A (800 P.M) BONUS= 30821 P.A (2569 P.M) PF DEDUCTION= (1800X12= 21600 P.A) (1800 P.M)
From India, Roorkee
2From India, Roorkee
Please find the attach Salary Break Up Format you can change as per your company policy
From India, New Delhi
From India, New Delhi
We are following this policy
CTC 7,40,000 61,667 Salary Components Amount Monthly (a) Basic Wages @ 50% of CTC 3,70,000 30,833 (b) HRA @ 50% of Basic Pay 1,85,000 15,417 (c) Conveyance Allowance - 1600/- Per Month Fixed 19,200 1,600 (d) Performance Linked Salary (Balancing Figure) 1,27,406 10,617 (A) Gross Wages(a+b+c+d) 7,01,606 58,467 (e) PF (Employer's Share @ 13.00%) 23,400 1,950 (f) ESI (Employer's Share @ 3.25%) - - (g) Bonus @ 8.33% on Rs. 15,000/- P.M. 14,994 1,250 (B) Total(A+e+f+g) 7,40,000 61,667
Jawahar Lal Moondra
9829 028 028
From India, Jodhpur
CTC 7,40,000 61,667 Salary Components Amount Monthly (a) Basic Wages @ 50% of CTC 3,70,000 30,833 (b) HRA @ 50% of Basic Pay 1,85,000 15,417 (c) Conveyance Allowance - 1600/- Per Month Fixed 19,200 1,600 (d) Performance Linked Salary (Balancing Figure) 1,27,406 10,617 (A) Gross Wages(a+b+c+d) 7,01,606 58,467 (e) PF (Employer's Share @ 13.00%) 23,400 1,950 (f) ESI (Employer's Share @ 3.25%) - - (g) Bonus @ 8.33% on Rs. 15,000/- P.M. 14,994 1,250 (B) Total(A+e+f+g) 7,40,000 61,667
Jawahar Lal Moondra
From India, Jodhpur
Aakash ji,
The calculation is perfectly correct and in compliance with the statutory requirements:
1. The PF contribution has been considered on Rs. 15,000/- per month salary only.
2. The bonus has also been calculated based on Rs. 15,000/- per month salary only.
CTC: 7,40,000
Salary Components Amount Monthly
(a) Basic Wages @ 50% of CTC 3,70,000 30,833
(b) HRA @ 50% of Basic Pay 1,85,000 15,417
(c) Conveyance Allowance - 1600/- Per Month Fixed 19,200 1,600
(d) Performance Linked Salary (Balancing Figure) 1,27,406 10,617
(A) Gross Wages(a+b+c+d) 7,01,606 58,467
(e) PF (Employer's Share @ 13.00%) 23,400 1,950
(f) ESI (Employer's Share @ 3.25%) - -
(g) Bonus @ 8.33% on Rs. 15,000/- P.M. 14,994 1,250
(B) Total (A+e+f+g) 7,40,000 61,667
Hope the matter shall get clarified.
Thanks and Regards,
Jawaharlal Moondra
Email: jawaharlalmoondra@hotmail.com
Phone: 9829 028 028
From India, Jodhpur
The calculation is perfectly correct and in compliance with the statutory requirements:
1. The PF contribution has been considered on Rs. 15,000/- per month salary only.
2. The bonus has also been calculated based on Rs. 15,000/- per month salary only.
CTC: 7,40,000
Salary Components Amount Monthly
(a) Basic Wages @ 50% of CTC 3,70,000 30,833
(b) HRA @ 50% of Basic Pay 1,85,000 15,417
(c) Conveyance Allowance - 1600/- Per Month Fixed 19,200 1,600
(d) Performance Linked Salary (Balancing Figure) 1,27,406 10,617
(A) Gross Wages(a+b+c+d) 7,01,606 58,467
(e) PF (Employer's Share @ 13.00%) 23,400 1,950
(f) ESI (Employer's Share @ 3.25%) - -
(g) Bonus @ 8.33% on Rs. 15,000/- P.M. 14,994 1,250
(B) Total (A+e+f+g) 7,40,000 61,667
Hope the matter shall get clarified.
Thanks and Regards,
Jawaharlal Moondra
Email: jawaharlalmoondra@hotmail.com
Phone: 9829 028 028
From India, Jodhpur
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