Is this Salary Slip is OK \
Basics Salary 6560.00
House Rent Allowances 2624.00
Transport Allowances 2500.00
Field Placement Allowances 2500.00
Cell Phone Allowances 1500
Special Allowances 2216
Total : 16400
No dedutions of ESI and EPF
Please sugguest that is it ok , and if it not , plz suggest some , No ESI and EPF decution is there from my Salary.
From India
1Basics Salary 6560.00
House Rent Allowances 2624.00
Transport Allowances 2500.00
Field Placement Allowances 2500.00
Cell Phone Allowances 1500
Special Allowances 2216
Total : 16400
No dedutions of ESI and EPF
Please sugguest that is it ok , and if it not , plz suggest some , No ESI and EPF decution is there from my Salary.
From India
Hi
If there is not deduction, then why you worried about your breakup and as your take home will be same as your gross/fixed. For a saslsry breakup is concern, most of the company will fix as follows
Basic - 50% from the gross/fixed
HRA - 50 % of the basic
Allowance - rest of the amount ( gross - (Basic+HRA+Conveyance) & any number of allowance)
Conveyance - 800 (max limit)
For higher end salary, there will be different in basic amount and flexi plan will be incorporated to get tax benefit.
If there is not deduction, then why you worried about your breakup and as your take home will be same as your gross/fixed. For a saslsry breakup is concern, most of the company will fix as follows
Basic - 50% from the gross/fixed
HRA - 50 % of the basic
Allowance - rest of the amount ( gross - (Basic+HRA+Conveyance) & any number of allowance)
Conveyance - 800 (max limit)
For higher end salary, there will be different in basic amount and flexi plan will be incorporated to get tax benefit.
I think you are in Marketing. Your salary does not come under income tax ambit. Hence you need not bother about the split up.
Why no PF deduction? How many employees are working in the Company? What is your Industry type?
Pon, Chennai
From India, Lucknow
Why no PF deduction? How many employees are working in the Company? What is your Industry type?
Pon, Chennai
From India, Lucknow
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Salary-Note.doc
SALARY SHEET CALCULATION.xls