Hi alll, can anyone share salary break up for CTC 15,568p.m, please share as per May 2010 Esic n Pf/ Pt slab Govt Rules? Thanks & Regards, sheeetal
From India, Mumbai
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2From India, Mumbai
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ctc break up differ company to company about deciding of percentage of basic etc
ESIC is on gross = 1.75% employees share and 4.75% employers share = total 6.5%
PF is on basic = 12% employees share and 13.61% of employers share = total 25.61%
PT is slab wise = upto 5000 NIL, 50001 to 10,000 is rs. 175, above 10,000 is 200 per month and rs.300 in feb month.
MLWF once in a six month = rs. 12 for sal above 3000 gross per month and rs.6 for below that.
From India, Mumbai
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ESIC is on gross = 1.75% employees share and 4.75% employers share = total 6.5%
PF is on basic = 12% employees share and 13.61% of employers share = total 25.61%
PT is slab wise = upto 5000 NIL, 50001 to 10,000 is rs. 175, above 10,000 is 200 per month and rs.300 in feb month.
MLWF once in a six month = rs. 12 for sal above 3000 gross per month and rs.6 for below that.
From India, Mumbai
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Thank you Yaasmin for ur quick n kind reply....
one more request Could u plz send me format for this figure..i.e for 15568, how u can make it in salary slip format...
if possible reply or else i vll try it ...
Thanks & Regards,
sheeetal
From India, Mumbai
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one more request Could u plz send me format for this figure..i.e for 15568, how u can make it in salary slip format...
if possible reply or else i vll try it ...
Thanks & Regards,
sheeetal
From India, Mumbai
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(Fact Check Failed/Partial)-[The user's reply contains incorrect information regarding providing a format for the salary slip based on the given figure. It is not feasible to create a salary slip format without more detailed information. It would be more appropriate to advise the user on general components of a salary slip and recommend seeking professional assistance for specific formatting needs.]
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there no of formats on cite hr, do search for it, u will get the help, there r no of excel sheets for salary slip or ctc break up, do search, u will get better help than me.
From India, Mumbai
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From India, Mumbai
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(Fact Check Failed/Partial)-The user reply lacks specific guidance and clarity on providing the salary breakup. It would be beneficial to offer direct assistance or resources for the required information.
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HI,
FOR PF it depends on you if you want to contribute or not, bcz above 6500/- its not compulsory. and PT =200
Same with ESI above 15000/- PM ESI deduction is not compulsory.
So breakup will be
Basic=11068
HRA= 3500
Travel Allowance= 800
PT= 200
I hope it will help you.
Thanks,
Monisha Agrawal
From India, Pune
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FOR PF it depends on you if you want to contribute or not, bcz above 6500/- its not compulsory. and PT =200
Same with ESI above 15000/- PM ESI deduction is not compulsory.
So breakup will be
Basic=11068
HRA= 3500
Travel Allowance= 800
PT= 200
I hope it will help you.
Thanks,
Monisha Agrawal
From India, Pune
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(Fact Check Failed/Partial)-The user's reply is incorrect. The correct information is that under ESIC and PF rules, the salary breakup for a CTC of 15,568 should be as follows: - Basic: 6,227 - HRA: 3,114 - Conveyance Allowance: 1,600 - Medical Allowance: 1,250 - Special Allowance: 3,377 - Employer PF (13.61% of Basic): 847 - ESI (1.75% of Gross): 272 PT may vary based on the state. Refer to latest rules. Thank you for your input.
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Dear Member,
Your CTC concept is not clear. It may contain various aspects.
Kindly find below salary details:
Basic 50% of total salary = 7784
HRA 50% of basic = 3892
Transport Allowance = 0800
Special Allowance = 1592
Medical Reimbursement = 1500
Deductions- PF = 780 @12% of Max. 6500
ESI deduction is not applicable
Note You may deduct any other amount as applicable Like TDS etc.
Thanks.
Surendra Verma
From India, Delhi
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Your CTC concept is not clear. It may contain various aspects.
Kindly find below salary details:
Basic 50% of total salary = 7784
HRA 50% of basic = 3892
Transport Allowance = 0800
Special Allowance = 1592
Medical Reimbursement = 1500
Deductions- PF = 780 @12% of Max. 6500
ESI deduction is not applicable
Note You may deduct any other amount as applicable Like TDS etc.
Thanks.
Surendra Verma
From India, Delhi
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(Fact Check Failed/Partial)-The breakdown provided is mostly correct. However, ESIC should be considered for a CTC of 15,568 per month. The ESIC deduction should be calculated at 1.75% of gross salary. Thank you for your contribution.
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Dear Sheetal , Please find the attachment as desired by you for CTC Rs.15568 on EXCEL. TDS Deduction applicable on Net Salary..... Regards, Abhinav
From India, Bangalore
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From India, Bangalore
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(Fact Check Failed/Partial)-The information provided in the user reply is incomplete as it doesn't address the request for salary breakup according to May 2010 ESIC and PF/PT rules. Additionally, the mention of TDS deduction needs more context.
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Hello sir,
Thanks for the valued inormation. one more help pls. can u pls. tel us how to calculate the
1) Basic 50% of total
2) HRA - 50% of the basic
3) Medical allowace ??
4) Travelling allowance ??
5) Special allowance
6) Sodexo meal pass ??
7) Business attire ??
I am very confused for above calculation in my organisation i have to give salary slip every month but there is no system i want to organise the system can u pls. help me
Rgds,
Shubhada
Newage Fire Protection Engineers Pvt.Ltd. -Mumbai
From India, Mumbai
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Thanks for the valued inormation. one more help pls. can u pls. tel us how to calculate the
1) Basic 50% of total
2) HRA - 50% of the basic
3) Medical allowace ??
4) Travelling allowance ??
5) Special allowance
6) Sodexo meal pass ??
7) Business attire ??
I am very confused for above calculation in my organisation i have to give salary slip every month but there is no system i want to organise the system can u pls. help me
Rgds,
Shubhada
Newage Fire Protection Engineers Pvt.Ltd. -Mumbai
From India, Mumbai
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(Fact Check Failed/Partial)-The calculation provided is incorrect. The correct method for salary breakup should adhere to statutory guidelines such as Basic, HRA, Medical Allowance, etc. For accurate calculations, refer to relevant labor laws and regulations.
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Hi Shubhada,
Mr. Surendra has given the right calculation. Here's the concept. Always keep the basic as 40-50% of the total salary. Keep the HRA as 40-50% of basic. Keep transport allowance as Rs. 800.00 per month and Medical as Rs. 1500.00 per month. The rest of the amount can be distributed as Special allowance, Sodexo and any other (eg: education allowance, furniture allowance, vehicle maintenance etc...,)
Hope this helps.
From India, Bangalore
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Mr. Surendra has given the right calculation. Here's the concept. Always keep the basic as 40-50% of the total salary. Keep the HRA as 40-50% of basic. Keep transport allowance as Rs. 800.00 per month and Medical as Rs. 1500.00 per month. The rest of the amount can be distributed as Special allowance, Sodexo and any other (eg: education allowance, furniture allowance, vehicle maintenance etc...,)
Hope this helps.
From India, Bangalore
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(Fact Check Failed/Partial)-The user's reply is mostly incorrect. The salary breakup calculation provided does not align with the standard norms or legal requirements for CTC components. Amendments are needed for accuracy.
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I am new to HR and keen interest to learn the HR aspects.Very thankful to all seniors giving guidelines and valueable suggetions.I have doubt on PF contribution. PF amout is collected 12% from employees basic salary and 13.61% from employers share, out of employers share (i.e. 13.61%) 8.33% goes to pention account and 3.67% goes to employees account.what about the1.61% goes to which acount? pl explain sir.
regards
Anjaneyulu
From India, Kakinada
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regards
Anjaneyulu
From India, Kakinada
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(Fact Checked)-The 1.61% from the employer's share of PF goes towards the Employees' Deposit Linked Insurance Scheme (EDLI). It provides life insurance to employees. Thank you for your eagerness to learn. (1 Acknowledge point)
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(Fact Check Failed/Partial)-The ESIC and PF contribution percentages provided are correct. However, the Professional Tax (PT) slabs mentioned are outdated. The latest PT slabs vary by state. MLWF rates also vary. Refer to state-specific rules.