Dear All,
I would like to know the clear information about the Compensation Breakup head and its calculation methods. I am in Chennai (metro). We have components like Basic, HRA, Special Allowance, Conveyance Allowance, Medical Allowance, and PF; in case of ESI, we add that too.
Please let me know how to arrive at the values by using the percentages that are allowed/approved as per the law. Please do share such law information for reference.
If you could send in Excel, that would be really great. Because I am planning to create a calculator to know the exact take-home pay, which will help me during salary negotiations.
From India, Chennai
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8I would like to know the clear information about the Compensation Breakup head and its calculation methods. I am in Chennai (metro). We have components like Basic, HRA, Special Allowance, Conveyance Allowance, Medical Allowance, and PF; in case of ESI, we add that too.
Please let me know how to arrive at the values by using the percentages that are allowed/approved as per the law. Please do share such law information for reference.
If you could send in Excel, that would be really great. Because I am planning to create a calculator to know the exact take-home pay, which will help me during salary negotiations.
From India, Chennai
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Dear Ramesh,
Please calculate the total earnings and after the deductions in your salary, what you are getting (e.g., after PF and ESI) only + any statutory deductions like Professional Tax or State Welfare Fund, etc.
You want to know how the breakups like Conveyance + Medical + HRA are from your tax perspective. Medical 1250/- per month is exempted from the deduction of tax. Conveyance 1600/- per month is exempted from tax. HRA also comes under the exemption of payable tax.
Mohandas M
From India, Palakkad
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Please calculate the total earnings and after the deductions in your salary, what you are getting (e.g., after PF and ESI) only + any statutory deductions like Professional Tax or State Welfare Fund, etc.
You want to know how the breakups like Conveyance + Medical + HRA are from your tax perspective. Medical 1250/- per month is exempted from the deduction of tax. Conveyance 1600/- per month is exempted from tax. HRA also comes under the exemption of payable tax.
Mohandas M
From India, Palakkad
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CTC CALCULATION SHEET.xls