Hi, Deepa,
I think Kamesh has good knowledge. You should confirm whether it is a CTC or Gross Salary. Without providing certain information, no one can fix the heads. Basic should be less than 50% of the gross salary. PF 12% on Basic - everyone knows it. HRA has three basic rules: medical should be less than 1250/- per month, educational allowance 200/- per month, local conveyance 800/- per month.
With Regards,
Siva
From India, Hyderabad
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I think Kamesh has good knowledge. You should confirm whether it is a CTC or Gross Salary. Without providing certain information, no one can fix the heads. Basic should be less than 50% of the gross salary. PF 12% on Basic - everyone knows it. HRA has three basic rules: medical should be less than 1250/- per month, educational allowance 200/- per month, local conveyance 800/- per month.
With Regards,
Siva
From India, Hyderabad
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Dear Deeparani,
Please find attached the Excel format. This will help you in calculating the salary breakup.
Password: sohum
Thanks and Best Regards,
Sohum Operations Manager Payroll Process Outsourcing SNEHANK PVT LTD
From India, Mumbai
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7Please find attached the Excel format. This will help you in calculating the salary breakup.
Password: sohum
Thanks and Best Regards,
Sohum Operations Manager Payroll Process Outsourcing SNEHANK PVT LTD
From India, Mumbai
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medical should be less than Rs. 4,166/- per Month. Amendment in IT limit: yearly upto 50000 is exempted from tax liability.
From India, Mumbai
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From India, Mumbai
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Dear All, Please find attached CTC breakup. Hope this will help you out. Thanks and Regards, Sohum Payroll Process consultancy SNEHANK PVT LTD
From India, Mumbai
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From India, Mumbai
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Dear Sohum,
Your protected worksheets are of no use to anyone as the formula bar depicts nothing, and how things work out is not clear. It is just placing certain amounts in different cells, as a shopkeeper keeps different goods on different shelves.
It looks as if you are more interested in selling these sheets than helping people out.
From India, Chandigarh
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Your protected worksheets are of no use to anyone as the formula bar depicts nothing, and how things work out is not clear. It is just placing certain amounts in different cells, as a shopkeeper keeps different goods on different shelves.
It looks as if you are more interested in selling these sheets than helping people out.
From India, Chandigarh
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Dear Ramaraju,
You have defined certain limits for the allowances, but what makes you set these limits is not clear. There must be some logic, law, rule, or compulsion behind these limits. One can understand only 12% about EPF. Please explain.
Ramaraju said:
Basic should be less than 50% of gross salary.
PF is 12% on Basic; everyone knows it.
HRA has three basic rules:
- Medical should be less than 1250/- per month.
- Educational Allowance is 200/- per month.
- Local conveyance is 800/- per month.
From India, Chandigarh
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You have defined certain limits for the allowances, but what makes you set these limits is not clear. There must be some logic, law, rule, or compulsion behind these limits. One can understand only 12% about EPF. Please explain.
Ramaraju said:
Basic should be less than 50% of gross salary.
PF is 12% on Basic; everyone knows it.
HRA has three basic rules:
- Medical should be less than 1250/- per month.
- Educational Allowance is 200/- per month.
- Local conveyance is 800/- per month.
From India, Chandigarh
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Dear all Can anyone help me for this issue? company provide special allowance also for the break up of my salary.Is it compulsory to add this along with basic for the PF calculation???
From India, Kottayam
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From India, Kottayam
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Hello,
I want to create a salary structure with all the calculations shown for a CTC of Rs. 23,000. How can I generate the salary slip for this? Please assist me with all the necessary calculations in an Excel sheet.
Regards,
Ansuman Mohanty.
From India, Patna
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I want to create a salary structure with all the calculations shown for a CTC of Rs. 23,000. How can I generate the salary slip for this? Please assist me with all the necessary calculations in an Excel sheet.
Regards,
Ansuman Mohanty.
From India, Patna
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Dear all! What is difference between CTC & Gross salary.... Pls reply asap
From India, New Delhi
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From India, New Delhi
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(Fact Checked)-The special allowance must be included in basic for PF calculation as per the law. It's a mandatory component for PF contribution. (1 Acknowledge point)