Hi,
For many days, I have been researching "how to make a salary break-up." I have created a CTC break-up of 20,833/-. I am seeking assistance or guidance to ensure its accuracy as this is my first time. I appreciate any help or advice provided.
Thank you in advance.
Regards,
Shilpa
From India, Mumbai
1For many days, I have been researching "how to make a salary break-up." I have created a CTC break-up of 20,833/-. I am seeking assistance or guidance to ensure its accuracy as this is my first time. I appreciate any help or advice provided.
Thank you in advance.
Regards,
Shilpa
From India, Mumbai
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Hi Shilpa, Hope you have forgotten to attach the break up of the salary. Can you edit/re-post it again.
From India, Bangalore
From India, Bangalore
Hi Mahesh, thanx for the reply but i tried it many a times but not geting attachted.
From India, Mumbai
From India, Mumbai
Shilpa, You don’t need to include PT in CTC. Again instead of education, you shall have "Perquisites", which will help you for Tax benefits.
From India, Bangalore
From India, Bangalore
Dear Mahesh,
I have added Gross + Employer deduction, not PT. So, isn't it right? And a few queries. When someone makes a salary breakup for any new joinee or employee, what do they consider in mind or as a benchmark to calculate the salary CTC, GROSS, or TAKE HOME? Because if it's Gross, then the calculation is different as related to CTC. Isn't it?
Thanks
From India, Mumbai
I have added Gross + Employer deduction, not PT. So, isn't it right? And a few queries. When someone makes a salary breakup for any new joinee or employee, what do they consider in mind or as a benchmark to calculate the salary CTC, GROSS, or TAKE HOME? Because if it's Gross, then the calculation is different as related to CTC. Isn't it?
Thanks
From India, Mumbai
Is it compulsory to make basic as 50% of gross salary and HRA as 40% of basic? Can you please tell me which parameters you have considered? I also need to make a salary slip of 20K.
Thanks and Regards,
Varsharani
HR
From India, Pune
Thanks and Regards,
Varsharani
HR
From India, Pune
hi shilpa How u arrived PF deduction as Rs.780/- on what basis you calclated PF its 8.33% or 10% or 12% on basic. Pl check. indira
From India, Mumbai
From India, Mumbai
See the attached file for CTC of 20833. Try more options at the provided weblink: https://sites.google.com/a/macros/ra...fKsS6maZkJ7-1f
From India, Gurgaon
From India, Gurgaon
Dear Indira,
Thank you for your reply. I considered it as 780/- because I thought if PF deduction on basic (i.e., 12%) is above 1000 or 1200, so we consider it as 780/-. This is what I have been told by my senior. Kindly tell me, do we have to consider any particular amount if the PF deduction amount is high.
Regards,
Shilpa
From India, Mumbai
Thank you for your reply. I considered it as 780/- because I thought if PF deduction on basic (i.e., 12%) is above 1000 or 1200, so we consider it as 780/-. This is what I have been told by my senior. Kindly tell me, do we have to consider any particular amount if the PF deduction amount is high.
Regards,
Shilpa
From India, Mumbai
Hi Shilpa and others,
How do you calculate HRA as 40% of the basic when the maximum HRA is only 30% of the basic in X category or metro cities? There is no maximum limit on the conveyance allowance; you can even provide 1500 as conveyance allowance, but only 800 is exempt for tax purposes. The PF percentage depends on the trust; if it is EPF, then the employee contributes 12% and the employer contributes 13.68% or something similar. For a private trust, it can be 10% for both the employer and the employee.
From India, Madras
How do you calculate HRA as 40% of the basic when the maximum HRA is only 30% of the basic in X category or metro cities? There is no maximum limit on the conveyance allowance; you can even provide 1500 as conveyance allowance, but only 800 is exempt for tax purposes. The PF percentage depends on the trust; if it is EPF, then the employee contributes 12% and the employer contributes 13.68% or something similar. For a private trust, it can be 10% for both the employer and the employee.
From India, Madras
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