Hi
I am looking out for a career in Generalist HR. I have attended the interview and interviewers asked me how to calculate the salary of a employee. I have no detailed understanding of this. Can you help me in this regard.
Important components of salary Break up in terms of percentage
Also about calculating PF ESI PT TDS etc as on 2012 and 2013.
Thanks in advance
Shweta M
From India, Bangalore
I am looking out for a career in Generalist HR. I have attended the interview and interviewers asked me how to calculate the salary of a employee. I have no detailed understanding of this. Can you help me in this regard.
Important components of salary Break up in terms of percentage
Also about calculating PF ESI PT TDS etc as on 2012 and 2013.
Thanks in advance
Shweta M
From India, Bangalore
Hi Shwetha
If you are looking for any Generalist Position then Payroll is important for that position. It is not so easy to learn everything in one shot. There are many criteria for Salary Calculation.
For that it is better to learn step by step.
Normally Payroll is designed to reduce the Income Tax (TDS) of the employees. So you should learn even Income Tax details for salaried employees.
In normal case Payroll is calculated as below
Basic will be 50% on the gross amount
HRA is 50%-60% on the basic
Conveyance Allowance is Max of 800/- PM
Medical Allowance is Max of 1250/- PM
The difference is Spl Allowance
PF is 12% on the Basic Wages from both EE & ER
ESI is 1.75% from EE & 4.75% from ER subject to Gross salary is below 15000/- PM
for PT there is separate slab & should be calculate accordingly.
for more details can reach me any time
From India, Bangalore
639If you are looking for any Generalist Position then Payroll is important for that position. It is not so easy to learn everything in one shot. There are many criteria for Salary Calculation.
For that it is better to learn step by step.
Normally Payroll is designed to reduce the Income Tax (TDS) of the employees. So you should learn even Income Tax details for salaried employees.
In normal case Payroll is calculated as below
Basic will be 50% on the gross amount
HRA is 50%-60% on the basic
Conveyance Allowance is Max of 800/- PM
Medical Allowance is Max of 1250/- PM
The difference is Spl Allowance
PF is 12% on the Basic Wages from both EE & ER
ESI is 1.75% from EE & 4.75% from ER subject to Gross salary is below 15000/- PM
for PT there is separate slab & should be calculate accordingly.
for more details can reach me any time
From India, Bangalore
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Salary-Note.doc
SALARY SHEET CALCULATION.xls