Hi
I am an Hr Professional.... I like to learn about the salary break-up. so that i can calculate salary break up for any of the salary that are been offered or the CTC from the basic as i have never had hands on Salary.
Please can any one guide me?
Cheers
Thank You in advance
Nidhi (Hr Executive) :D
From India, New Delhi
39I am an Hr Professional.... I like to learn about the salary break-up. so that i can calculate salary break up for any of the salary that are been offered or the CTC from the basic as i have never had hands on Salary.
Please can any one guide me?
Cheers
Thank You in advance
Nidhi (Hr Executive) :D
From India, New Delhi
Hi Nidhi,
The contents of the salary break up is as below, you can prepare it at the suitability of your own. HRA would be 40 to 60% of basic.
Basic
HRA
TA
Other Allowance
Mobile Reimbursement / Month
Gross Per Month = Sum of all the above.
Gross Per Annum= 12*Gross/Month
PF Contribution= 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.
Getting more than this will be covered under Mediclaim or it depends on company policy
EX-Gratia/Bonus = A fixed amount as Bonus
Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC.
Hope it would help you to prepare the same at your end..
Regards,
Amit Seth.
From India, Ahmadabad
The contents of the salary break up is as below, you can prepare it at the suitability of your own. HRA would be 40 to 60% of basic.
Basic
HRA
TA
Other Allowance
Mobile Reimbursement / Month
Gross Per Month = Sum of all the above.
Gross Per Annum= 12*Gross/Month
PF Contribution= 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.
Getting more than this will be covered under Mediclaim or it depends on company policy
EX-Gratia/Bonus = A fixed amount as Bonus
Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC.
Hope it would help you to prepare the same at your end..
Regards,
Amit Seth.
From India, Ahmadabad
Hi Amit,
Thank You for the repaly but i would like to know more details as i do not have any idea for the same; starting from the basic.
i even do not know how to calculate the basic salary+hra+ other allowance for any salary range. If you could help me in this matter that will be great.
Thanx in advance
Cheers
Nidhi(Hr Executive)
From India, New Delhi
Thank You for the repaly but i would like to know more details as i do not have any idea for the same; starting from the basic.
i even do not know how to calculate the basic salary+hra+ other allowance for any salary range. If you could help me in this matter that will be great.
Thanx in advance
Cheers
Nidhi(Hr Executive)
From India, New Delhi
Hi Nidhi,
Thanks..
See.. basic may be varied in terms of percentage.. but you may keep it for more than 30% of gross salary.. and HRA depends on basic.. so it may vary from 40 to 60% of the basic...
For example if you are required to prepare a salary structure for rupees 12,000/-.. then you may do it like this also-
Basic - 5000/-
HRA - 50% of Basic = 2500/-
CCA - 800/-
Medical allowance - 1250/-
Other Allowance = 12000 - sum of above ( 5000+2500+800+1250)
= 12000- 9550 = 2450/-
Gross Salary = sum of the above = 5000+2500+800+1250+2450
So it will come to 12000/- per month
Hope this example must have helped you to understand the same..
Regards,
Amit Seth.
From India, Ahmadabad
Thanks..
See.. basic may be varied in terms of percentage.. but you may keep it for more than 30% of gross salary.. and HRA depends on basic.. so it may vary from 40 to 60% of the basic...
For example if you are required to prepare a salary structure for rupees 12,000/-.. then you may do it like this also-
Basic - 5000/-
HRA - 50% of Basic = 2500/-
CCA - 800/-
Medical allowance - 1250/-
Other Allowance = 12000 - sum of above ( 5000+2500+800+1250)
= 12000- 9550 = 2450/-
Gross Salary = sum of the above = 5000+2500+800+1250+2450
So it will come to 12000/- per month
Hope this example must have helped you to understand the same..
Regards,
Amit Seth.
From India, Ahmadabad
Hi Amith, How many days we have to consider for preparing salary as 30days permonth or 31 days....... Regards, Anu
From India, Hyderabad
From India, Hyderabad
Hi Anu,
It depends on the month for which we are preparing the salary, if it is for January then it will be calculated on 31 days, whereas for February it shall be calculated for 28 or 29 days even.
Regards,
Amit Seth.
From India, Ahmadabad
It depends on the month for which we are preparing the salary, if it is for January then it will be calculated on 31 days, whereas for February it shall be calculated for 28 or 29 days even.
Regards,
Amit Seth.
From India, Ahmadabad
Suppose on probationary period, my salary is 10,000/- p.m & if I takes 7 days leave then what could be my salary break up for the month. Please guide me
From India, Pune
From India, Pune
Dear Nandini,
It depends on the type of your leave, whether its paid leave or leave without pay.
If its paid leave then you shall get your complete salary for the month. But if its leave without pay then for month of September it shall be calculated as
Salary payable = 10,000/30*23
= 7667/- Rupees.
Regards,
Amit Seth.
From India, Ahmadabad
It depends on the type of your leave, whether its paid leave or leave without pay.
If its paid leave then you shall get your complete salary for the month. But if its leave without pay then for month of September it shall be calculated as
Salary payable = 10,000/30*23
= 7667/- Rupees.
Regards,
Amit Seth.
From India, Ahmadabad
Dear Amit,
Thanks for the information.My maximum queries regarding the salary are cleared due to your info.
I have recentely joined as an HR Executive in one org. Could you please guide me on various HR policies which are frequentely used in an org.
Eg. Leave policy for Permanant, Probationary, Temporary Employees
kindly revert me back. thanks in advance
From India, Pune
Thanks for the information.My maximum queries regarding the salary are cleared due to your info.
I have recentely joined as an HR Executive in one org. Could you please guide me on various HR policies which are frequentely used in an org.
Eg. Leave policy for Permanant, Probationary, Temporary Employees
kindly revert me back. thanks in advance
From India, Pune
Hello Nandini,
Most welcome, its all my pleasure that it helped you..
See, Leave Policy varies from organisation to organisation. Mostly it follows the same structure-
Casual Leaves- 7, calculated on pro-rata basis, Employee on probation shall also be eligible
Sick Leaves- 7, same with casual leaves, only difference is that it may be carried forward if remained unavailed.
Privilege Leaves: 20, employee shall be eligible to avail it only after confirmation, can be carried forward, encashable, calculated on pro-rata basis.
Regards,
Amit Seth.
From India, Ahmadabad
Most welcome, its all my pleasure that it helped you..
See, Leave Policy varies from organisation to organisation. Mostly it follows the same structure-
Casual Leaves- 7, calculated on pro-rata basis, Employee on probation shall also be eligible
Sick Leaves- 7, same with casual leaves, only difference is that it may be carried forward if remained unavailed.
Privilege Leaves: 20, employee shall be eligible to avail it only after confirmation, can be carried forward, encashable, calculated on pro-rata basis.
Regards,
Amit Seth.
From India, Ahmadabad
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