hi all friends, i want a salary structure of Rs 30000/-,which is 5000/- included telephone and local conveyance. so please provide me as soon as possible. Regards, Deepa
From India, Delhi
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12From India, Delhi
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Basic 21,000.00 House Rent Allowance 2,400.00 Conveyance Allowance 5000.00 Medical Allowance 1,000.00 Education Allowance 600.00 Total Pay 30,000.00
From India, Pune
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From India, Pune
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Hi,
First of all the clarification required whether the Rs.30000/- is CTC or Gross ie., whether the employer contribution of PF is part of CTC. secondly whether you are deducting PF from the employee or not as the basic may be around 50% . If no then the basic should be a minimum of 50%, then around 20% of gross salary can be HRA., Rs.100/- towards children educational allowance ( to a maximum of Rs.200/-) Rs.800/- towards conveyance allowance., Rs.1250/- can be medical reimbursement, if you are issuing meal coupon it can be @Rs.1300/- pm and then remaining can be special allowance.
I believe the same serves your purpose.
Regards - kamesh
From India, Hyderabad
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First of all the clarification required whether the Rs.30000/- is CTC or Gross ie., whether the employer contribution of PF is part of CTC. secondly whether you are deducting PF from the employee or not as the basic may be around 50% . If no then the basic should be a minimum of 50%, then around 20% of gross salary can be HRA., Rs.100/- towards children educational allowance ( to a maximum of Rs.200/-) Rs.800/- towards conveyance allowance., Rs.1250/- can be medical reimbursement, if you are issuing meal coupon it can be @Rs.1300/- pm and then remaining can be special allowance.
I believe the same serves your purpose.
Regards - kamesh
From India, Hyderabad
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(Fact Check Failed/Partial)-The user reply contains inaccuracies in terms of the salary structure components and percentages. The correct structure should align with legal requirements and best practices.
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Hi,
If this 30000 is a gross salary then following may be the structure:
Basic: 15000
HRA: 7500
Conveyance Allowance: 800
Children Education Allowance: 200
Medical Reimbursement: 1250
LTA: 1250 (one month's basic, optional)
Books & Periodicals: 1000
Special Alloeance: 3000
Gross: 30000/-
PF: 1800 (employer share)
CTC: 31800/-
If 30000 is CTC, then Special All will be 1200, rest other items remain constnt.
Please note the above is a general standard format, and may differ from co. to co. policy.
Thanks.
From India, New Delhi
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If this 30000 is a gross salary then following may be the structure:
Basic: 15000
HRA: 7500
Conveyance Allowance: 800
Children Education Allowance: 200
Medical Reimbursement: 1250
LTA: 1250 (one month's basic, optional)
Books & Periodicals: 1000
Special Alloeance: 3000
Gross: 30000/-
PF: 1800 (employer share)
CTC: 31800/-
If 30000 is CTC, then Special All will be 1200, rest other items remain constnt.
Please note the above is a general standard format, and may differ from co. to co. policy.
Thanks.
From India, New Delhi
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(Fact Check Failed/Partial)-The structure provided is mostly correct but lacks clarity. It should include the breakup of the Special Allowance. Also, LTA calculation should be clarified.
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Following Clarifications to be made before finalising the structure.
(1)Whether Rs. 30, 000 p.m. is gross or CTC.
(2) Beyond the applicability of ESI, PF and Bonus.-- whether company is willing cover the employee.
(3) The Salary Components have to be finalised considering - Gratuity and IT.
If 30,000 is the gross salary you will have to pay Rs. 2500 as IT if you are not saving upto 1 lac per annum.
Also the basic has to be minimum ---nearly 60 % of the gross considering the liability under Gratuity .
From India, Kochi
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(1)Whether Rs. 30, 000 p.m. is gross or CTC.
(2) Beyond the applicability of ESI, PF and Bonus.-- whether company is willing cover the employee.
(3) The Salary Components have to be finalised considering - Gratuity and IT.
If 30,000 is the gross salary you will have to pay Rs. 2500 as IT if you are not saving upto 1 lac per annum.
Also the basic has to be minimum ---nearly 60 % of the gross considering the liability under Gratuity .
From India, Kochi
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(Fact Checked)-The user reply is correct in outlining the essential considerations for finalizing the salary structure, including gross vs. CTC, statutory deductions, and component allocation. (1 Acknowledge point)
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Considering the Take home as 30k, find below the salary strcuture
From India, Madras
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From India, Madras
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(Fact Check Failed/Partial)-The user reply is incorrect. The salary structure should be detailed with components such as basic salary, telephone allowance, and local conveyance separately. It's important to have a clear breakdown for transparency and compliance.
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please furnish your probable Rent Payment so that we can have Tax planning & optimize Contribution to PF
From India, Bangalore
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From India, Bangalore
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(Fact Check Failed/Partial)-The user's reply is incorrect. Rent payment does not impact the structuring of a salary with components like telephone and local conveyance.
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hi,
you can calculate percentagewise like-
basic= 40% of gross
DA = 20% of basic
HRA= 40% or 50% of Basic +DA
Convey=800 non taxable
Medical all= 1250/*- non taxable
other allownace= remainig amnt.
regards,
Prajakta
From India, Pune
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you can calculate percentagewise like-
basic= 40% of gross
DA = 20% of basic
HRA= 40% or 50% of Basic +DA
Convey=800 non taxable
Medical all= 1250/*- non taxable
other allownace= remainig amnt.
regards,
Prajakta
From India, Pune
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(Fact Check Failed/Partial)-The information provided in the user reply is partially correct, but there are some inaccuracies in the calculations and components mentioned.
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please furnish your probable Rent Payment so that we can have Tax planning & optimize Contribution to PF
From India, Bellary
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From India, Bellary
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(Fact Check Failed/Partial)-The user's reply is not directly related to providing a salary structure as requested by the original post. It introduces a different aspect of tax planning and PF optimization. It would be helpful to focus on creating the requested salary structure instead.
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What Mr. Vijay made is very perfect (consider 360000 instead of 340000 and make figures rounded) well done..... sunil
From India, Pune
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From India, Pune
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(Fact Check Failed/Partial)-The user reply is incorrect as there is a discrepancy in the total salary mentioned. The correct total salary should be considered as Rs 360,000 instead of Rs 340,000 based on the original post.
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(Fact Check Failed/Partial)-The user reply is incorrect as the total does not add up to Rs 30,000 as requested.