Hi,
Could u pls help me with a confusion. I wor in Bangalore. My CTC is 10 lakhs p.a. But my monthly pay slip shows an in hand salary of 83350 (55000 basic, 22000 HRA, 1250 M.A, 800 conveyance and 4300 special allowance) which totals to 10,00200 p.a which is more than 10,00,000 as mentioned in my offer letter. When I went for an interview, the HR manager asked me about this n I don't know the technical side of it. Do I need to check with my employer n ask them to issue me a offer letter with the revised figure. Please help me. The deductions shown in my slip are 6600(PF ) and 6620(IT) and 200(PT).
thank you
P Nambiar
From India, Kannur
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Could u pls help me with a confusion. I wor in Bangalore. My CTC is 10 lakhs p.a. But my monthly pay slip shows an in hand salary of 83350 (55000 basic, 22000 HRA, 1250 M.A, 800 conveyance and 4300 special allowance) which totals to 10,00200 p.a which is more than 10,00,000 as mentioned in my offer letter. When I went for an interview, the HR manager asked me about this n I don't know the technical side of it. Do I need to check with my employer n ask them to issue me a offer letter with the revised figure. Please help me. The deductions shown in my slip are 6600(PF ) and 6620(IT) and 200(PT).
thank you
P Nambiar
From India, Kannur
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Dear Mahesh,
Thanks a lot for your inputs. Are the Stututory Deductions for payroll the latest, you have got ? I thought for ESI deduction for an employee was for a gross salary < 15K p.m Can you pl clarify?
Thanks,
Bharati
From India, Madras
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Thanks a lot for your inputs. Are the Stututory Deductions for payroll the latest, you have got ? I thought for ESI deduction for an employee was for a gross salary < 15K p.m Can you pl clarify?
Thanks,
Bharati
From India, Madras
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Dear Sir,
I need assistance in creating a salary structure based on the headings listed below and connecting it to the salary slips. Please provide guidance on the appropriate salary structure including the following components:
BASIC + GRADE PAY = BASIC PAY + DA = TOTAL OF BASIC PAY + DA + HRA + TA + MEDICAL ALLOWANCE + CLA + MGMT. ALLOW. = GROSS SALARY - PF AMOUNT - VOL CONT. - PT DED - INCOME TAX - OTHER DED - NET SALARY WAGES PENSION EPF
I would appreciate your help in linking this structure to the salary slip. Thank you.
Roger Dsouza
From India, Mumbai
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I need assistance in creating a salary structure based on the headings listed below and connecting it to the salary slips. Please provide guidance on the appropriate salary structure including the following components:
BASIC + GRADE PAY = BASIC PAY + DA = TOTAL OF BASIC PAY + DA + HRA + TA + MEDICAL ALLOWANCE + CLA + MGMT. ALLOW. = GROSS SALARY - PF AMOUNT - VOL CONT. - PT DED - INCOME TAX - OTHER DED - NET SALARY WAGES PENSION EPF
I would appreciate your help in linking this structure to the salary slip. Thank you.
Roger Dsouza
From India, Mumbai
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For preparing any payslip, there are three parts: the earning side, deduction side, and net salary. All monthly paid items should be on the earning side, including any special payments for a particular month. All deductions - such as PF, Voluntary PF, ITAX, ESIC, PTAX, and advance or loan deductions, etc. - should be on the deduction side. The last column will be NET Salary = Total Earnings - Total deductions.
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions +91 98310 81531
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From India, New Delhi
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409S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions +91 98310 81531
From India, New Delhi
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Creating a Competitive Salary Structure.doc
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