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Salary Break Up In Payslip - Offer Letter

Rishi.life09 Started The Discussion:

Hi everyone
I want to know about salary break up in payslip.
what content should be mentioned in a payslip.
Like....
Basic,
HRA
DA or what...
If suppose salary is Rs. 8000 how should i prepare the salary slip....like
what should be the Basic....HRA...DA...and others....

Pls reply........

Regards

shvetavyas - Contributing Member
Dear Rishi,

Net Take Home Pay = Gross - Deductions

Components that can be included

Basic
HRA = 40% Of Basic or 50% of Basic (In metros)
Dearness Allownace which is based on CPI
Medical = 1250/- per month
Conveyance Allownace = 800/- per Month (Used by most organisations)

Deductions

PF = 12% BAsic + DA
Professional TAx (Which will also vary as per the Salary)
Gratuity = 4.81% of Basic

Hope it clear to some extent

Regards
Shveta Sharma

hemant.dev - Contributing Member
For 8000/- CTC, you can go for following breakup -

Basic : - Rs. 4000/-
HRA :- Rs. 1997/- (45 to 50 % of basic)
Conveyance :- Rs. 800/-
Uniform or any other allowance :- Rs. 400/-

Gross Salary : -Rs. 7197/-
CTC = Gross + Employer ESI + Employer PF
= 7197 + 323 + 480 = Rs. 8000/-

Hope it might help you.

Regards
Hemant Agarwal

Quote:
Originally Posted by shvetavyas View Post
Dear Rishi,

Net Take Home Pay = Gross - Deductions

Components that can be included

Basic
HRA = 40% Of Basic or 50% of Basic (In metros)
Dearness Allownace which is based on CPI
Medical = 1250/- per month
Conveyance Allownace = 800/- per Month (Used by most organisations)

Deductions

PF = 12% BAsic + DA
Professional TAx (Which will also vary as per the Salary)
Gratuity = 4.81% of Basic

Hope it clear to some extent

Regards
Shveta Sharma


Thanx for the information....
but how we consider the basic....??
Basic = How can consider the basic
HRA = 40% Of Basic
DA = What is CPI
Medical Allowance = 1250/- per month....Is it fixed..??
Convn = 800 per month ......Is it fixed

sarithar - Contributing Member
Rishi,

Please find attached the Salary Slip Format FYI. Here i have put the Basic Salary as 30% kindly change it to 50% as your from Delhi, were in Delhi comes under Metro Cities

Wish it would be of any help to you.

Regards
Saritha


Attached FilesProvided by community member sarithar. Join us to learn and grow with your peers.
File Type: xls Salary Slip.xls (21.0 KB, 1188 views)
Hello Shveta Sharma, Thank you for your postings .I need small clarification. have You have mentioned the Gratuity is 4.81% of Basic. Can I know how u arrive that percentage.

Anayaat - Contributing Member
Hi there,
This depends on what has been offer to you in your job offer letter your salary slip should include the following information
Name
Grade
Job title
Division/ Department
Date of employment
Current month salary date
Basic Salary
Housing Allowance
Telephone Allowance
Utility Allowance
Transport Allowance
Overtime Allowance

Total Salary Payable (____________________________)

Deductions If Any
Your Monthly Pension Deduction
Loans (If Any)

Total Salary Transferred To Employee Bank (____________)

skhota - Contributing Member
Dear friends,
Gratuity, employer's share of PF &ESI are not required to be shown in monthly salary slips.One is to complete 5 yrs of service under one employer to be eligible for gratuity.Employee’s share of PF& ESI contribution are only shown in salary slip under deduction col. With regard to % of gratuity component,it is arrived at as follows:-
a)For one completed year of service one is entitled for 15 days’ salary/wage(basic+DA) towards gratuity that means monthly salary divided by 26 days multiplied by 15 days.
b)If one’s monthly salary is Rs.100/-, he is eligible for gratuity(only if he has rendered 5 years’ service) @ Rs.100/- / 26 X 15 for each year of service.
c)Thus the % age of one year’s gratuity to annual salary is Rs.100/- X 15 divided by 26 X 12( months in a year) =4.81
Yours sincerely
SKHota
Bhubaneswar(Orissa)

nitinoflko - 
as per Incoem tax act,1961 uniform allowance is exempt from tax upto actual exp.and conveyance allowance 800 pm is fully exempt, same as children education allowance 100 pm for 2 child and children hostel allowance 300 pm for 2 child.


regards
Nitin K.Singh

npavit - 
Hi, Can you please help me out what is CPI and how many percent of dearness allownace should be added in our payslip plse. Pavithra

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