Hi all,
If the CTC is INR 9,00,000 per annum, how should the salary breakdown be designed with a special allowance? Please assist. Additionally, if possible, could you provide the breakdown in an Excel format? Kindly state the HR processes and illustrate how the salary slip will appear.
Regards,
Zed
From India, Chandigarh
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If the CTC is INR 9,00,000 per annum, how should the salary breakdown be designed with a special allowance? Please assist. Additionally, if possible, could you provide the breakdown in an Excel format? Kindly state the HR processes and illustrate how the salary slip will appear.
Regards,
Zed
From India, Chandigarh
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9
Hi all,
If the CTC is INR 9,00,000 per annum, how should the salary break-up be designed with special allowance? Please help, and if possible, provide the same in an Excel format. Also, please explain how the salary slip should look like to maximize tax benefits in Form 16.
I am eagerly awaiting your reply.
Regards,
Zed
From India, Mumbai
Acknowledge(0)Amend(0)
If the CTC is INR 9,00,000 per annum, how should the salary break-up be designed with special allowance? Please help, and if possible, provide the same in an Excel format. Also, please explain how the salary slip should look like to maximize tax benefits in Form 16.
I am eagerly awaiting your reply.
Regards,
Zed
From India, Mumbai
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Basic Salary: 100,000 1,200,000
HRA: 50,000 600,000
Conveyance: 1,600 19,200
Special Allowance: 746,600 8,959,200
Subtotal - A: 898,200 10,778,400
Monthly Reimbursement
Fuel: - -
Driver: - -
Professional Pursuit: - -
Uniform Reimbursement: - -
Food Coupon: - -
Subtotal - B: - -
Consequential
Medical: - -
LTA: - -
Subtotal - C: - -
Retirals
PF: 1,800 21,600
ESI: - -
Subtotal - D: 1,800 21,600
Others: - -
PLI: - -
Subtotal - E: - -
Total CTC: 900,000 10,800,000
Deductions
PF: 1,800 21,600
ESI: - -
PT: - -
Total - F: 1,800 21,600
Net Take Home Salary G=A-F: 896,400 10,756,800
From India, Lucknow
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HRA: 50,000 600,000
Conveyance: 1,600 19,200
Special Allowance: 746,600 8,959,200
Subtotal - A: 898,200 10,778,400
Monthly Reimbursement
Fuel: - -
Driver: - -
Professional Pursuit: - -
Uniform Reimbursement: - -
Food Coupon: - -
Subtotal - B: - -
Consequential
Medical: - -
LTA: - -
Subtotal - C: - -
Retirals
PF: 1,800 21,600
ESI: - -
Subtotal - D: 1,800 21,600
Others: - -
PLI: - -
Subtotal - E: - -
Total CTC: 900,000 10,800,000
Deductions
PF: 1,800 21,600
ESI: - -
PT: - -
Total - F: 1,800 21,600
Net Take Home Salary G=A-F: 896,400 10,756,800
From India, Lucknow
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Typical salary breakup.jpg
Maharashtra Special allowance Notification July 14 to Dec 14.pdf