mail2murugesan.e Started The Discussion:
Dear All, How to calculate Basic Pay, DA, HRA, Conveyance & Other Allowances from Gross Salary of Rs.20,000/-. I want know the correct formulas. Kindly do the needful. Regards Murugesh
Posted 23rd September 2009 From India, Madras
sir

I also need the same format for calculation of Basic, PF, Conveyance, pay slip etc.

And I ned the struture/policy if you have regarding conveyance + meal claims of marketing emoloyees who are in field.
Please help...

Shrimin
Posted 23rd September 2009 From India, Delhi
hi all, Pls tell me procedures for filling up & how to submit of PF, ESI, Prof . Tax forms. regards, Shivakanth
Posted 23rd September 2009 From India, Hyderabad
Dear,

Please note, there is no single formula to arrive at Salary Breakup and there are different formulas followed by different organizations, as per their own thinking and convenience. While deciding salary structure one has to remember following points
  • Most of the statutory liabilities like PF, Gratuity, and Bonus etc. are percentages of Basic plus DA. Hence any rise in Basic or DA will increase statutory liabilities
  • It is not necessary to have DA in Salary Structure. For that matter none of the items are compulsory or must.
  • Income Tax treats some salary items (HRA, Conveyance) differently for the purpose of calculation of Income Tax liability. Hence organizations decide the breakup considering legal provisions to minimize tax liability.
  • Some organizations keep some or all items of salary structure as percentage of Basic Pay. Whenever there is increase in Basic Pay, other items also increase automatically.
  • Some organizations keep some or all items of salary structure as fixed allowances. In this case allowances remain uniform in respect of all employees. These allowances won’t change unless specific rise is given in those allowances.
  • Some organizations divide entire gross salary into fix percentages to arrive at breakup of salary structure. In this case only percentages are uniform but allowances of individual will be different.
One can choose any one combination or can also have mixed combination/s.
Also search for previous posts on same subject. There is lot of material already available on citehr.

Thanks & Regards

Posted 24th September 2009 From India, Pune
IT is may be useful
Posted 24th September 2009 From India, Hyderabad
Attached Files
Shared By Cite.Community Member "sarmakpk" For Public Download
File Type: xls MUSTER SHEET.xls (20.0 KB, 29364 views)
Dear All, Hope the attachment will help you out with Salary calculation and break up!!
Posted 24th September 2009 From India, Pune
Attached Files
Shared By Cite.Community Member "anuj_4242" For Public Download
File Type: xls Salary Break up calculator.xls (17.0 KB, 30595 views)
Dear All,
I am newly appointed as HR-MANAGER,in an educational institute. The total number of employees are 60.but employees drawing salary less thn 6500/p.m. are only 5. I want to know the institute is coverable under E.P.F.and E.S.I.C. ACT or not.
Thanks & Regards
Posted 24th April 2010 From India, Delhi
I Thinks the percentages in the attachment are not that much satisfying. CCA Should be not more than Rs.800/- TA should be not more than Rs.1200/- Thanks Sekhar
Posted 11th June 2010 From India, Hyderabad
Dear Mr. Murgesh,

Kindly calculate..the 30% basic in the CTC.
40% HRA in the Baic.
TA deduction (approx 800/month).
PF-12% of Basic.
Bonus - 10% Baic
(I think he/she is not application to ESIC deductions).
Medclaim - as per company agreement with (Insurance commpany).
Other Balance amount to be in special pay.


Regards
Srinivasulu.R
Posted 11th June 2010 From India, Madras
My Salary is 14000. pls divide the % into fragements such as(Bsaic, HRA, Medical, Spl. Allowance)
Posted 15th June 2010 From India, Delhi
Hi, Thanks for your information. But I can’t able to open this documents. Can u pls send me the link with password so i can see if my requirement is there in this. Regards bold1971
Posted 21st September 2010 From India, Mumbai
well yes your institute is coverable under EPF act .as the worker is more than 20 which fulfil one condition and 5 of your worker are getting salary below 6500/- another condition which attracts EPF......but those whose salary are above 6500/- are also dedectiable ..i want to know those who are above the 6500/- were less than or more than 6500/- at the time of appointment becoz if they were below then after some time their is salary above 6500/- they are also came under EPF which is not revokable now ....
Posted 29th September 2010 From India, Jammu
Dear All, How to calculate Basic Pay, DA, HRA, Conveyance & Other Allowances from Gross Salary of Rs.20,000/-. I want know the correct formulas. Kindly do the needful. Regards mahesh
Posted 30th September 2010 From India, Mumbai
Dear All, How to calculate Basic Pay, DA, HRA, Conveyance & Other Allowances from Gross Salary of Rs.20,000/-. I want know the correct formulas. Kindly do the needful.
Posted 1st October 2010 From India, Hyderabad
To the all sheet in not correct, i hope kindly attached the new excel sheet
Posted 8th March 2013 From India, Pune
How to calculate Basic Pay, DA, HRA, Conveyance & Other Allowances from Gross Salary of Rs.20,000/-. I want know the correct formulas. Kindly do the needful.
Posted 15th November 2014 From India, Pune
Dear srini, shall v calculate the salary components on CTC, Pls clarify me .

For other information please contact us.
B.GANESSH(HR MANAGER)
SRI CONSULTANCY
Opp. SRI MAYURI FUNCTION HALL,
BESIDE KANISHKA DHABA,
SUBEDARI,
HANAMKONDA, WARANGAL
Mobile No. 7330 333565
Mail ID:sri2consultancy@gmail.com
Posted 25th July 2016 From India, Warangal



 
 
 
 







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