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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First of all, clarification is required on whether the Rs. 30,000/- is part of CTC or Gross, i.e., whether the employer's contribution to PF is included in the CTC. Secondly, it needs to be confirmed whether PF is being deducted from the employee's salary or not, considering that the basic salary may be around 50%. If not, then the basic salary should be a minimum of 50%. Following this, around 20% of the gross salary can be allocated to HRA, Rs. 100/- towards children's educational allowance (up to a maximum of Rs. 200/-), Rs. 800/- towards conveyance allowance, Rs. 1250/- for medical reimbursement. If meal coupons are provided, it can be at Rs. 1300/- per month, and the remaining amount can be classified as a special allowance.
I believe these details will meet your requirements.
Regards,
Kamesh
From India, Hyderabad
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I believe these details will meet your requirements.
Regards,
Kamesh
From India, Hyderabad
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If this $30,000 is a gross salary, then the following may be the structure:
- Basic: $15,000
- HRA: $7,500
- Conveyance Allowance: $800
- Children Education Allowance: $200
- Medical Reimbursement: $1,250
- LTA: $1,250 (one month's basic, optional)
- Books & Periodicals: $1,000
- Special Allowance: $3,000
- Gross: $30,000/-
- PF: $1,800 (employer share)
- CTC: $31,800/-
If $30,000 is CTC, then Special Allowance will be $1,200, the rest of the items remain constant.
Please note the above is a general standard format and may differ from company to company policy.
Thanks.
From India, New Delhi
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- Basic: $15,000
- HRA: $7,500
- Conveyance Allowance: $800
- Children Education Allowance: $200
- Medical Reimbursement: $1,250
- LTA: $1,250 (one month's basic, optional)
- Books & Periodicals: $1,000
- Special Allowance: $3,000
- Gross: $30,000/-
- PF: $1,800 (employer share)
- CTC: $31,800/-
If $30,000 is CTC, then Special Allowance will be $1,200, the rest of the items remain constant.
Please note the above is a general standard format and may differ from company to company policy.
Thanks.
From India, New Delhi
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Clarifications Needed Before Finalizing the Structure
1. Whether Rs. 30,000 p.m. is gross or CTC.
2. Beyond the applicability of ESI, PF, and Bonus - whether the company is willing to cover the employee.
3. The salary components have to be finalized considering Gratuity and IT.
If Rs. 30,000 is the gross salary, you will have to pay Rs. 2,500 as IT if you are not saving up to 1 lakh per annum. Also, the basic has to be a minimum of 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 the company is willing to cover the employee.
3. The salary components have to be finalized considering Gratuity and IT.
If Rs. 30,000 is the gross salary, you will have to pay Rs. 2,500 as IT if you are not saving up to 1 lakh per annum. Also, the basic has to be a minimum of nearly 60% of the gross considering the liability under Gratuity.
From India, Kochi
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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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You can calculate percentages as follows:
- Basic = 40% of gross
- DA = 20% of basic
- HRA = 40% or 50% of Basic + DA
- Conveyance = $800 non-taxable
- Medical allowance = $1250 non-taxable
- Other allowances = remaining amount.
Regards,
Prajakta
From India, Pune
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- Basic = 40% of gross
- DA = 20% of basic
- HRA = 40% or 50% of Basic + DA
- Conveyance = $800 non-taxable
- Medical allowance = $1250 non-taxable
- Other allowances = remaining amount.
Regards,
Prajakta
From India, Pune
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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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Hi, I have gone through the Excel sheet, but there are no deductions like PF (employee share) and TDS. Net and gross salary should be indicated after mandatory deductions. CTC provides a clear picture to the company but not the net salary, which is a clear picture for an employee. Therefore, it's an incomplete salary structure posted in the formatted Excel sheet.
Regards,
Khadir
From India, Chennai
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Regards,
Khadir
From India, Chennai
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Salary Structure Calculation for Rs. 30,000 CTC
If you get Rs. 30,000.00 as CTC, you may calculate as follows:
- Basic: 13,200
- DA: 6,500
- HRA: 4,190
- Conv: 1,000
- PF employer share: 2,364
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Total: 27,254
For IT purposes, not mentioned in the salary register:
- Medical allowances: 1,250/month
- LTA: 1,500/month
So, the total amount would be: 27,254 + 1,250 + 1,500 = 30,004.00
From India, Selam
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If you get Rs. 30,000.00 as CTC, you may calculate as follows:
- Basic: 13,200
- DA: 6,500
- HRA: 4,190
- Conv: 1,000
- PF employer share: 2,364
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Total: 27,254
For IT purposes, not mentioned in the salary register:
- Medical allowances: 1,250/month
- LTA: 1,500/month
So, the total amount would be: 27,254 + 1,250 + 1,500 = 30,004.00
From India, Selam
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Salary Breakdown
- Basic Salary: 50% Rs. 15,000/-
- Dearness Allowance: Rs. 2,000/-
- House Rent Allowance: 40% of Basic + DA Rs. 6,800/-
- Conveyance Allowance: Rs. 800/-
- Washing Allowance: Rs. 500/-
- Children Education Allowance: Rs. 100/-
- Special Allowance: Rs. 3,900/-
Gross Salary
I assume that Telephone Expenses and Local Conveyance, which you are paying, are for expenses incurred by the employee for official purposes. You can pay it separately on a voucher also as reimbursement. If you do so, the Salary will be Rs. 25,000/-, and that will impact Bonus, LTA, Medical, etc.
Regards
From India, Bangalore
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- Basic Salary: 50% Rs. 15,000/-
- Dearness Allowance: Rs. 2,000/-
- House Rent Allowance: 40% of Basic + DA Rs. 6,800/-
- Conveyance Allowance: Rs. 800/-
- Washing Allowance: Rs. 500/-
- Children Education Allowance: Rs. 100/-
- Special Allowance: Rs. 3,900/-
Gross Salary
I assume that Telephone Expenses and Local Conveyance, which you are paying, are for expenses incurred by the employee for official purposes. You can pay it separately on a voucher also as reimbursement. If you do so, the Salary will be Rs. 25,000/-, and that will impact Bonus, LTA, Medical, etc.
Regards
From India, Bangalore
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Hi all, I have gone through all suggested structures but don't find any logical base. What I feel is that the salary structure should be designed in a way that statutory compliance for the employer should be minimal and, at the same time, employees' income tax should be low. Moreover, take-home salary is another important factor that should be considered while deciding the basics because PF deduction is influenced by this. For tax benefits, payment of different allowances should be barred, and reimbursement should be given priority.
I suggest the attached structure.
From India, New Delhi
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I suggest the attached structure.
From India, New Delhi
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Salary Structure Guidelines
Normally, the structure will be as follows:
If your company has pay scales or not, you can set it as below:
1. Basic: 45% to 50%
2. DA: 15% to 10%
3. HRA: 25% to 30%
4. CCA: 15% to 10%
Rs. 25,000/- can be fixed as above. Rs. 5,000/- can be shown as reimbursement for telephone expenses.
Regards
From India, Hyderabad
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Normally, the structure will be as follows:
If your company has pay scales or not, you can set it as below:
1. Basic: 45% to 50%
2. DA: 15% to 10%
3. HRA: 25% to 30%
4. CCA: 15% to 10%
Rs. 25,000/- can be fixed as above. Rs. 5,000/- can be shown as reimbursement for telephone expenses.
Regards
From India, Hyderabad
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Can anyone help me to know how much tax benefit I receive through the following allowances monthly and yearly?
List of Allowances
1. House Rent Allowance
2. Conveyance Allowance
3. Education Allowance
4. Special Allowance
5. Medical Allowance
6. Leave Travel Allowance
7. Telephone Allowance
Best Regards,
Dash
From India, Mumbai
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List of Allowances
1. House Rent Allowance
2. Conveyance Allowance
3. Education Allowance
4. Special Allowance
5. Medical Allowance
6. Leave Travel Allowance
7. Telephone Allowance
Best Regards,
Dash
From India, Mumbai
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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 is 12% on Basic—everyone knows it. HRA has three basic rules: medical should be less than ₹1250 per month, educational allowance ₹200 per month, and local conveyance ₹800 per month.
With Regards,
Siva
From India, Hyderabad
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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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Thanks and Best Regards,
Sohum
Operations Manager
Payroll Process Outsourcing
SNEHANK PVT LTD
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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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's Explanation
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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Ramaraju's Explanation
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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(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)
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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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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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Salary structure CTC 15000.xlsx
Employee Benefits.doc
CiteHR.AI
(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)