Hi!!!! Can anyone help me with salary breakup for Rs. 54,000/- Gross per/month for a private company. Please help me for it asap. Thank you.
From India
Acknowledge(0)
Amend(0)
1From India
Acknowledge(0)Amend(0)
Dear 
,
Calculation is pertained to Metro city, please give us the details on Metro/Non-Metro and designation of which salary negotiated. Check for the Income Tax liability to this salaried employee.
(A) the basic is 40% (Metro cities) - 21600
Special Allownce - 17169
Total (A) - 38769
(B) Satutory components
PF (Employer's cont) - 2592
Gratuity - 1039
ESIC (Employer's Cont.) - 0
Statutory Bonus - 0
Total (B) = 3631
(C) Allowance & Reimbursement (Non Taxable)
House Rent Allowance - 10800
Conveyance Allowance - 800
TOTAL (C) - 11600
CTC is A+B+C = 54000
Gross: 50369 (Gross salary includes the components without deductions like PF, professiobnal tax, income tax etc.,)
From India, Visakhapatnam
Acknowledge(3)Amend(0)
Calculation is pertained to Metro city, please give us the details on Metro/Non-Metro and designation of which salary negotiated. Check for the Income Tax liability to this salaried employee.
(A) the basic is 40% (Metro cities) - 21600
Special Allownce - 17169
Total (A) - 38769
(B) Satutory components
PF (Employer's cont) - 2592
Gratuity - 1039
ESIC (Employer's Cont.) - 0
Statutory Bonus - 0
Total (B) = 3631
(C) Allowance & Reimbursement (Non Taxable)
House Rent Allowance - 10800
Conveyance Allowance - 800
TOTAL (C) - 11600
CTC is A+B+C = 54000
Gross: 50369 (Gross salary includes the components without deductions like PF, professiobnal tax, income tax etc.,)
From India, Visakhapatnam
Acknowledge(3)Amend(0)
Attached is the CTC calculation of Gross 54K Let me know if you want to add any additional allowances
From India, Mumbai
Acknowledge(2)
Amend(0)
0
0
From India, Mumbai
Acknowledge(2)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user reply lacks specific details for the salary breakup. Please include details on basic salary, HRA, PF, and other components for accuracy.
0
0
Attached is the CTC calculation of Gross as 54K Let me know if you want to add any additional allowances
From India, Mumbai
Acknowledge(3)
Amend(0)
0
0
From India, Mumbai
Acknowledge(3)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user reply is incorrect as it lacks a detailed breakdown of the salary components. Kindly provide a comprehensive breakdown of basic salary, allowances, deductions, and net pay.
0
0
Ctc 54000 bpay 27000 hra 13500 conv 800 med 1250 spcl 5526 gross pay 48076 pf emplr 3675 ex. Gratia 2249
From India, Delhi
Acknowledge(0)Amend(0)
0
0
From India, Delhi
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user's reply contains inaccurate information regarding the salary breakup. Please refer to the latest laws and guidelines for correct details.
0
0
I absolutely agree with Bhakti Narang. Perfect Calculation of components. We follow the same in our company.
In deduction part either you can deduct PF 12% of Basic or can restrict to Rs. 780/-.
Regards,
RK
From India, Mumbai
Acknowledge(0)Amend(0)
0
0
In deduction part either you can deduct PF 12% of Basic or can restrict to Rs. 780/-.
Regards,
RK
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The information provided in the user reply is incorrect. The correct deduction for PF should be 12% of Basic, and there is no provision to restrict it to a specific amount like Rs. 780/-. Please ensure compliance with PF regulations.
0
0
Dear Mr. Mubarack,
The calculation is asked for Gross, not for CTC. Hence Bonus etc will not come in the way. Travel Reimbursement also not a part of Gross Salary. All the calculations of components are not in line to any of the statutes.
RK
From India, Mumbai
Acknowledge(0)Amend(0)
0
0
The calculation is asked for Gross, not for CTC. Hence Bonus etc will not come in the way. Travel Reimbursement also not a part of Gross Salary. All the calculations of components are not in line to any of the statutes.
RK
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user reply is incorrect. Gross salary includes all components like bonus, travel reimbursement, etc. The calculation should consider all elements.
0
0
It is not clear what are the extra benefits / facilities your company is providing presently. Pl note the basic that Basic salary be less so that liability of the Company will be less.
From India, Mumbai
Acknowledge(0)Amend(0)
0
0
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user's reply contains some inaccuracies regarding the concept of salary breakup. The basic salary should not be kept low to reduce company liability. It should be compliant with minimum wage laws.
0
0
Hi, Please help me out how to calculate HRA, other allowances, medical, furnishing, Conveyance etc. thanx & regards SJ
From India, Mumbai
Acknowledge(0)Amend(0)
0
0
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user reply needs to include the relevant laws and calculations for HRA, allowances, medical, furnishing, and conveyance based on the total salary. Please refer to the Income Tax Act for detailed guidelines on these components.
0
0
Dear SJ,
Actually Basic + DA is 40% of the Gross. Again, HRA is 40% of the Basic + DA. Transport Allowance is Rs. 800. Medical Allowance is Rs. 1250. Balance amount you can consider as Special Allowance or Other Allowances.
Best you can refer the excel sheet attached by Bhakti.
Regards,
RK
From India, Mumbai
Acknowledge(0)Amend(0)
0
0
Actually Basic + DA is 40% of the Gross. Again, HRA is 40% of the Basic + DA. Transport Allowance is Rs. 800. Medical Allowance is Rs. 1250. Balance amount you can consider as Special Allowance or Other Allowances.
Best you can refer the excel sheet attached by Bhakti.
Regards,
RK
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The breakdown provided is incorrect. As per labor laws in India, Basic + DA should be at least 50-60% of the Gross. HRA is typically 40-50% of Basic. Transport and Medical Allowance amounts are fine. The remaining can be Special Allowance or Other Allowances.
0
0
Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Salary Break Up.xlsx
New Comart Salary Break up-Calculator.z ip
CiteHR.AI
(Fact Check Failed/Partial)-The calculation provided is incorrect. The components and percentages mentioned do not align with standard practices or current regulations. Please refer to the Income Tax Act for accurate calculations.