Hi Seniors,
Pls tell me whether the below gvn salary structure is calculated on tax savings basis ? It would be great if someone could explain me which all are the the fixed components & variable components in this. Also pls give monthly salary structure from this annual structure with gross,CTC,& TH. (pls see attached the salary structure)
SALARY STRUCTURE
Amount Per Annum
Fixed components
Basic Salary
Rs. 567,000
House Rent Allowance
Rs. 252,000
Special Allowance
Rs. 47,735
Medical Reimbursement
Rs. 15,000
Leave Travel Allowance
Rs. 37,800
PF
Rs. 68,040
Gratuity
Rs. 23,625
Medical Insurance
about
Rs. 16,000
Bonus and Performance Incentive
@ 10% paid out Qtrly
Rs. 140,000
Benefits:
Telephone Reimbursement
upto
Rs. 36,000
Food Coupons
upto
Rs. 48,000
Books and Periodicals
upto
Rs. 24,000
Motor Car Reimbursements
upto
Rs. 72,000
Travel and Lodging Reimbursement
upto
Rs. 36,000
Others
upto
Rs. 16,800
TOTAL
Rs. 1,400,000
thanks in advance... :D :D
Eliz
From India, Bangalore
Pls tell me whether the below gvn salary structure is calculated on tax savings basis ? It would be great if someone could explain me which all are the the fixed components & variable components in this. Also pls give monthly salary structure from this annual structure with gross,CTC,& TH. (pls see attached the salary structure)
SALARY STRUCTURE
Amount Per Annum
Fixed components
Basic Salary
Rs. 567,000
House Rent Allowance
Rs. 252,000
Special Allowance
Rs. 47,735
Medical Reimbursement
Rs. 15,000
Leave Travel Allowance
Rs. 37,800
PF
Rs. 68,040
Gratuity
Rs. 23,625
Medical Insurance
about
Rs. 16,000
Bonus and Performance Incentive
@ 10% paid out Qtrly
Rs. 140,000
Benefits:
Telephone Reimbursement
upto
Rs. 36,000
Food Coupons
upto
Rs. 48,000
Books and Periodicals
upto
Rs. 24,000
Motor Car Reimbursements
upto
Rs. 72,000
Travel and Lodging Reimbursement
upto
Rs. 36,000
Others
upto
Rs. 16,800
TOTAL
Rs. 1,400,000
thanks in advance... :D :D
Eliz
From India, Bangalore
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Salary-Note.doc
SALARY SHEET CALCULATION.xls