dada.ignou@gmail.com Started The Discussion:
Hi All, I have formualated Salary Structure Calculator for the use of our members in HR and Finance. Appreciate your comments/suggestions to make more effective and useful. Best Regards, Dada
Posted 22nd February 2010 From India, Bangalore
Attached Files
Shared By Cite.Community Member "dada.ignou@gmail.com" For Public Download
File Type: xls Salary Structure Calculator.xls (37.5 KB, 28058 views)

Dada, This is really a great inputs......Very helpful sturcture to design the cost. Keep posting
Posted 22nd February 2010 From India, Gurgaon
dear dada,
in your excel sheet, with eample figures, the pf contribution amount of the employer seems incorrect- basic pay is Rs 20,667 and pf contribution which should be 12% (Rs2480) instead of Rs 780/ , pls advice
thanks
raghuvir
Posted 23rd February 2010 From India, Madras
The salary module is fantastic It is very good for small concern who have lts of adjustments.
Posted 23rd February 2010 From India, Mumbai

Raghuvir,

As per rule employer need to pay only up to 12% of 6500 if the basic pay is above 6500/-.

and as per rule employee also has 2 options

1.pay 12% of the basic pay or just 12% of 6500/- if his basic pay falls above 6500
2. he can make voluntary contributions too. But employer need to bother only up to the ceiling specified as per PF Act-ie 6500/-.

Let me know if not correct,thanks.

Thanks
Bindu

Posted 23rd February 2010 From India, Bangalore
your calculator never gets downloaded ..........its in bad format i guess .Kindly post the files in a format that can be easily downloaded Thanks
Posted 23rd February 2010 From India, Mumbai
kalapu 
To all the contributors, This is a great effort and i appreciate one and all. Keep it up. Regards Chakradhar Reddy
Posted 23rd February 2010 From India, Hyderabad
good work! although u can improve it further by adding more allowances & Name of employee, other details along with co. name to make it more presentable & professional.

to Bindu:
PF deduction issue:
the rule is that whatever the Basic + DA of existing employee(PF contibution purpose), employer has to pay 12% along with Emplyees share of 12% with other admin Exp.

no. 2 is that Employer's will contribute 8.33% to pension fund upto Rs. 541/- and rest of money will be diverted to employess provident fund.

hence wether empoyee earned basic + da to 6,500 or 10,000/- employer has to pay 12% plus admin chgs (0.5% & 1.1%)

hope i make u all clear

Manish Gupta
Posted 23rd February 2010 From India, Mumbai
Hi Husain, It is excel 97-2003 format, it will work with version MS office 97 and above. Best, Dada
Posted 23rd February 2010 From India, Bangalore
Thanks Manish,

Since very purpose of this tool is to arrive at CTC breakup, total contribution of 12% by Employer is considered irrespective of the fact that the said proportion will be apportioned among EPF, Pension Fund + Admin Charges (additonal).

Best,
Dada
Posted 23rd February 2010 From India, Bangalore






 
 
 
 







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