Hi everyone, It would be of great help if any one can share a basic idea on salary breakup with various components and deductions made with % of deductions from which part... regards.. Soumajit.
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See PF enforcement officers maintain a fixed ratio that they assume as Basic + DA portion of the salary. They take 50% as a fixed slab. Now, HRA according to Income Tax is 50% of Basic + DA. Transport Allowance is ₹1600 per month allowed under income tax. So, you can get an idea of how we do the segregation.
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180For expert help on this issue, contact us through the website below.
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Salary breakup is not a simple approach. It varies with the level of salary - IT-friendly pockets, PF compliance, ESI compliance, Minimum Wages compliance, cost of Gratuity, Bonus Act compliance, etc., and ultimately Total Cost to Company. It also varies from organization to organization. You may study the salary breakup of your similar type of organization then try your best to take a scientific approach for your own organization.
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ESI Employee Share @12% on Gross Salary EPF Employee Share on Basic+DA+VDA@12% PT as Per Slab
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