Hi, I need information on the salary breakup for monthly take-home for Rs. 14,000 after (PF & ESI Deductions).
This includes the travel allowance - Rs. 3,200 as it is for a disabled employee, Rs. 500 towards uniform allowance, and Medical Allowance of Rs. 1,250. These are fixed amounts.
I need information on how to calculate the Basic & HRA.
Thank you,
Rosheena
From India, Hyderabad
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This includes the travel allowance - Rs. 3,200 as it is for a disabled employee, Rs. 500 towards uniform allowance, and Medical Allowance of Rs. 1,250. These are fixed amounts.
I need information on how to calculate the Basic & HRA.
Thank you,
Rosheena
From India, Hyderabad
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The HRA is given either as a fixed amount, and it varies from organization to organization, or it is given as a percentage of the Basic Pay. The Government of India has classified the cities for HRA purposes, and you can follow that. Normally, the components of salary are fixed first, and the summed-up amount is the total salary. It looks like you are doing it in reverse.
From India, Mumbai
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1656From India, Mumbai
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For a take-home salary of Rs. 14000, what bifurcation should you make? It should be equal to the statutory minimum wages fixed by the state. Then use the same basic pay and dearness allowance and make the entire amount qualify for EPF and ESI contributions.
From India, Kannur
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From India, Kannur
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BASIC + DA = 6000 HRA = 3000 TA =3200 MED =1250 UNI =500 TAKEHOME =13950
From India, Roorkee
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From India, Roorkee
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To my opinion, if the take-home salary is less, i.e., monthly gross is lower, Basic should be 60% of monthly gross. When the definition of wages is implemented, the problem will be reduced after restructuring the remuneration structure.
It may be set as Basic - 9513, HRA - 1392, Other fixed allowances - 4950, Monthly gross - 15855, PF deduction on (9513 + 4950) = 1736, and ESI deduction = 119, Take-home = 14,000/-. This fitting can also be done using an algebraic equation.
The above has been determined by a trial-and-error method considering Basic as 60% of monthly gross, and HRA has no % formula. In this case, HRA is close to 15% of Basic.
S K Bandyopadhyay (WB, HOWRAH) CEO-USD HR Solutions +91 98310 81531 skb@usdhrs.in USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
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It may be set as Basic - 9513, HRA - 1392, Other fixed allowances - 4950, Monthly gross - 15855, PF deduction on (9513 + 4950) = 1736, and ESI deduction = 119, Take-home = 14,000/-. This fitting can also be done using an algebraic equation.
The above has been determined by a trial-and-error method considering Basic as 60% of monthly gross, and HRA has no % formula. In this case, HRA is close to 15% of Basic.
S K Bandyopadhyay (WB, HOWRAH) CEO-USD HR Solutions +91 98310 81531 skb@usdhrs.in USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
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