Dear all, Can anybody send me a salary breakup for 4,20,000 and 5,40,000. Its really urgent... I need monthly breakup pattern. Thanks Regards, Rose
From India, Bangalore
From India, Bangalore
Hi Rose,
You can spilt salary as follows:
Basic - 60% of Gross.
HRA - 25% of Basic.
Conveyance - Rs. 800
Refreshment - Rs. 1000
Telephone - Rs. 1000
Other allowances
Hope this will help you. Kindly cross check with other salary break up.
Regards,
Joylyn
From India, Bangalore
1You can spilt salary as follows:
Basic - 60% of Gross.
HRA - 25% of Basic.
Conveyance - Rs. 800
Refreshment - Rs. 1000
Telephone - Rs. 1000
Other allowances
Hope this will help you. Kindly cross check with other salary break up.
Regards,
Joylyn
From India, Bangalore
Hi,
There is no such standard rule to make the break up. Break-up should be prepared in such a way so as to minimise the tax liability. To minimise the tax liability some factors are HRA, Food voucher, Travelling, House Furnishing Allowance, Medical Reimbursement, Children Education, Newspaper and periodicals etc. Please consult the Tax consultant to make the breakup to minimise the tax liability.
Amit Goyal
From India, Delhi
There is no such standard rule to make the break up. Break-up should be prepared in such a way so as to minimise the tax liability. To minimise the tax liability some factors are HRA, Food voucher, Travelling, House Furnishing Allowance, Medical Reimbursement, Children Education, Newspaper and periodicals etc. Please consult the Tax consultant to make the breakup to minimise the tax liability.
Amit Goyal
From India, Delhi
Dear Rose,
The salary structure varies from company to company. It depends on what components you include at what level. Especially at the top management level it is designed keeping in view the tax liability of the employee. Due to Fringe Benefit Tax it is not much possible to save taxes by giving additional benefits. You can consult the Tax Advisor for this.
A sample salary structure is mentioned below for your reference:-
Cost to the Company 420000 540000
Basic 255825 333747
HRA 102330 133499
Transport Allowance / Conveyance Allowance 17908 23362
Uniform/ Maintenance Allowance 17908 23362
Attendant Allowance 15000 15000
PF 780 780
Medical Allowance 1250 1250
Driver Allowance 6500 6500
Books & Periodicals 2500 2500
Regards,
Santosh.
The salary structure varies from company to company. It depends on what components you include at what level. Especially at the top management level it is designed keeping in view the tax liability of the employee. Due to Fringe Benefit Tax it is not much possible to save taxes by giving additional benefits. You can consult the Tax Advisor for this.
A sample salary structure is mentioned below for your reference:-
Cost to the Company 420000 540000
Basic 255825 333747
HRA 102330 133499
Transport Allowance / Conveyance Allowance 17908 23362
Uniform/ Maintenance Allowance 17908 23362
Attendant Allowance 15000 15000
PF 780 780
Medical Allowance 1250 1250
Driver Allowance 6500 6500
Books & Periodicals 2500 2500
Regards,
Santosh.
Hi Santosh,
thanks for above information....
I am a fresher...i am learning how to do salary breakup...
can u plz tell me how have u done the above calculations???
i mean what % is basic of gross salary,HRA and other allowances in both the CTC figures???
It will be of great help to me...
With warm Regards
Navjot Kaur
From India, Mumbai
thanks for above information....
I am a fresher...i am learning how to do salary breakup...
can u plz tell me how have u done the above calculations???
i mean what % is basic of gross salary,HRA and other allowances in both the CTC figures???
It will be of great help to me...
With warm Regards
Navjot Kaur
From India, Mumbai
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Typical salary breakup.jpg
Salary breakup.xls
Salary Breakup Annexure.doc