Dear Seniors,
In my previous company, the corporate office used to handle the salary breakup and all. Here in my new company, I have to take care of these things, so please explain about salary breakups.
- Is there any standard percentage?
- Will it differ from state to state?
- Are minimum wages and labor acts restricting it in any way?
- What are the breakups that should be there? (Is Basic and DA enough, or should HRA or further components also be included?)
Please clarify this for me.
Thank you.
From India, Chennai
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2In my previous company, the corporate office used to handle the salary breakup and all. Here in my new company, I have to take care of these things, so please explain about salary breakups.
- Is there any standard percentage?
- Will it differ from state to state?
- Are minimum wages and labor acts restricting it in any way?
- What are the breakups that should be there? (Is Basic and DA enough, or should HRA or further components also be included?)
Please clarify this for me.
Thank you.
From India, Chennai
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Dear Sir, as per your requirement please find attached salary break up in excel.
From India, Thana
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From India, Thana
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Mr. Kishor,
Thank you for your response. I have some doubts regarding the attachment file you provided.
- Is Employee A's salary Rs. 17,000, and has ESI deduction been done for him?
- Can PF deduction exceed Rs. 15,000?
- Are these percentage breakdowns standard, or do they vary in any case?
Thanks & Regards,
Anbarasu R
From India, Chennai
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Thank you for your response. I have some doubts regarding the attachment file you provided.
- Is Employee A's salary Rs. 17,000, and has ESI deduction been done for him?
- Can PF deduction exceed Rs. 15,000?
- Are these percentage breakdowns standard, or do they vary in any case?
Thanks & Regards,
Anbarasu R
From India, Chennai
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Dear Anbarasu,
As per the salary statement, the breakup percentage is similar and covered with the minimum wages of the state and central. However, in ESIC, washing allowances cannot be deducted for ESIC coverage on the gross amount.
Thank you.
From India, Thana
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As per the salary statement, the breakup percentage is similar and covered with the minimum wages of the state and central. However, in ESIC, washing allowances cannot be deducted for ESIC coverage on the gross amount.
Thank you.
From India, Thana
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Dear Kishor,
For ESIC deduction, it should be deducted from the gross salary. You mentioned that washing allowance is not included in the deduction matter. However, the total salary for ESIC deduction is (i.e., basic + D.A (11900) + HRA (1785) + conveyance (2040) = 15725). Therefore, you have correctly deducted 1.75% of it. Could you please clarify if the deduction should be applied to amounts above 15000 or not?
As far as my understanding goes, ESIC deduction is applicable for amounts up to 15000.
Thanks & regards,
Deepak Kumar
08540082529
From India, Sonpur
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For ESIC deduction, it should be deducted from the gross salary. You mentioned that washing allowance is not included in the deduction matter. However, the total salary for ESIC deduction is (i.e., basic + D.A (11900) + HRA (1785) + conveyance (2040) = 15725). Therefore, you have correctly deducted 1.75% of it. Could you please clarify if the deduction should be applied to amounts above 15000 or not?
As far as my understanding goes, ESIC deduction is applicable for amounts up to 15000.
Thanks & regards,
Deepak Kumar
08540082529
From India, Sonpur
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Hi All, Kindly guide me how to calculate salary breakup if monthly salary is 17800. How i make CTC and Net Salary according to 17800 (Monthly) Need your assistance. Thanks Rekha
From India, Delhi
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From India, Delhi
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Salary Break Up.xlsx
New Comart Salary Break up-Calculator.z ip