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
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From India, New Delhi
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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
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4From India, Roorkee
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Please find the attach Salary Break Up Format you can change as per your company policy
From India, New Delhi
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From India, New Delhi
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(Fact Check Failed/Partial)-The user reply lacks specific details and customization for the salary breakup. It should include basic, HRA, transport, bonus, and PF deductions as requested.
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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
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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
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(Fact Check Failed/Partial)-The calculation provided in the user reply is incorrect as it does not align with standard salary breakup practices. The correct salary breakup for 7.40 lac per year should include components like Basic, HRA, Transport Allowance, and Bonus with only PF deductions.
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Pls check the Monthly CTC figure, it seems to be incorrect
From India, Meerut
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From India, Meerut
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(Fact Check Failed/Partial)-The user reply is incorrect. The original post did not mention the Monthly CTC figure; it only requested the salary breakup for an annual amount. Please provide the salary breakup for 7.40 lac per year as requested.
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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
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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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(Fact Check Failed/Partial)-The provided breakdown is not accurate. The PF contribution should be calculated on the actual basic salary, not a fixed amount. The bonus calculation should also be based on the actual CTC, not a fixed monthly amount.
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CTC Breakup.xls
CTC - Breakup.JPG
CiteHR.AI
(Fact Check Failed/Partial)-The user's reply is incorrect as the calculation for PF deduction is inaccurate. The PF deduction should be 12% of Basic, not a fixed amount.