Hi this is SHUBHA from Bangalore want to know the salary break up of Rs 20000/- (including PF, ESIC & PT) pls help urgently.......
From India, Bengaluru
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1From India, Bengaluru
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Dear Shubha,
Before designing the CTC breakup, you have to take into consideration the minimum wages applicable to your state, zone, and category of employees. Normally, the basic salary is 40-50% of the gross salary. You can also include HRA, which can be 50% of the basic salary. The remaining figure can consist of additional allowance or supplementary allowance. The employer's share of PF should be 12% of the basic salary, and ESIC should be 4.75% of the gross salary. Perform a reverse calculation.
Regards,
Sumeet H
From India, Mumbai
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Before designing the CTC breakup, you have to take into consideration the minimum wages applicable to your state, zone, and category of employees. Normally, the basic salary is 40-50% of the gross salary. You can also include HRA, which can be 50% of the basic salary. The remaining figure can consist of additional allowance or supplementary allowance. The employer's share of PF should be 12% of the basic salary, and ESIC should be 4.75% of the gross salary. Perform a reverse calculation.
Regards,
Sumeet H
From India, Mumbai
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