Hi,
Can someone please help me understand how the salary structure below has been devised and what percentage breakup has been used?
SALARY
Basic Salary ------6,000 ---------72,000
HRA ------------------3,000 --------36,000
Special Allowance -----6,280 -------75,364
Conveyance Allowance 800 ----------9,600
Education Allowance ---200 -----------2,400
Subtotal 1 ------------16,280 -------195,364
ADD: OTHER BENEFITS
PF ---------------------720 -----------8,640
LTA -----------------------------------6,000
Medical -------------------------------6,000
Subtotal 2 ----------------20,640
TOTAL COST TO COMPANY ------------216,004
I have corrected the spelling, grammar, and formatting of your text for better clarity and readability. If you need further assistance or clarification, feel free to ask.
From India, Mumbai
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8Can someone please help me understand how the salary structure below has been devised and what percentage breakup has been used?
SALARY
PARTICULARS ------Rs. ---------Rs.--------MONTHLY ----ANNUAL
Basic Salary ------6,000 ---------72,000
HRA ------------------3,000 --------36,000
Special Allowance -----6,280 -------75,364
Conveyance Allowance 800 ----------9,600
Education Allowance ---200 -----------2,400
Subtotal 1 ------------16,280 -------195,364
ADD: OTHER BENEFITS
PF ---------------------720 -----------8,640
LTA -----------------------------------6,000
Medical -------------------------------6,000
Subtotal 2 ----------------20,640
TOTAL COST TO COMPANY ------------216,004
I have corrected the spelling, grammar, and formatting of your text for better clarity and readability. If you need further assistance or clarification, feel free to ask.
From India, Mumbai
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Hi Munira,
Your monthly CTC is taken as 18,000 pm. The breakdown is as follows:
- Basic: 6,000 (Fixed)
- HRA: 3,000 (50% of basic)
- Conv. Allowance: 800 (Fixed)
- Edu. Allowance: 200 (Fixed)
- Special Allowance: 6,280 (Balancing Amount to make it 18,000 pm)
- LTA-Monthly share paid annually: 500 (1 Basic annually)
- Medical- Monthly share paid annually: 500 (1 basic annually)
- PF (12% of basic): 720 (Employer's share)
Total Monthly CTC: 18,000 (Sum of all components)
For any further clarifications, please email me at
.
Bye,
Naga Praveen
Manager-HR
GMS, Hyderabad
From India, Hyderabad
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Your monthly CTC is taken as 18,000 pm. The breakdown is as follows:
- Basic: 6,000 (Fixed)
- HRA: 3,000 (50% of basic)
- Conv. Allowance: 800 (Fixed)
- Edu. Allowance: 200 (Fixed)
- Special Allowance: 6,280 (Balancing Amount to make it 18,000 pm)
- LTA-Monthly share paid annually: 500 (1 Basic annually)
- Medical- Monthly share paid annually: 500 (1 basic annually)
- PF (12% of basic): 720 (Employer's share)
Total Monthly CTC: 18,000 (Sum of all components)
For any further clarifications, please email me at
Bye,
Naga Praveen
Manager-HR
GMS, Hyderabad
From India, Hyderabad
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Hi,
In an ideal salary breakup, the Basic should be 40% of the total CTC. HRA should be 40% of Basic. Conveyance should be Rs. 800/-. Canteen Allowance should be 10% of Basic. Medical Allowance should be Rs. 1250/-. LTA up to Rs. 3000/-. Other adjustments will be made. PF should be 12% of Basic. Bonus should be 8.33% of Basic. Gratuity and other benefits like superannuation, etc., should not be incorporated into CTC. If you have any other confusion, please contact me.
Regards,
Mrugesh
09898593960 😎
From India, Mumbai
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In an ideal salary breakup, the Basic should be 40% of the total CTC. HRA should be 40% of Basic. Conveyance should be Rs. 800/-. Canteen Allowance should be 10% of Basic. Medical Allowance should be Rs. 1250/-. LTA up to Rs. 3000/-. Other adjustments will be made. PF should be 12% of Basic. Bonus should be 8.33% of Basic. Gratuity and other benefits like superannuation, etc., should not be incorporated into CTC. If you have any other confusion, please contact me.
Regards,
Mrugesh
09898593960 😎
From India, Mumbai
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Thanks to both of you. It's just that there are so many ways of calculating a salary breakup. Different companies use different percentages of Basic, HRA, DA, etc. Hence, it can get a bit confusing. Is there an industry standard or a guideline as to what all components in what percentages are to be considered?
From India, Mumbai
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From India, Mumbai
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Hey, can you guys tell me whether we should try to keep the basic salary and HRA as high as possible or not in salary breakup? I have 22K as special allowances, and the basic is only 30% of the total package, which includes VA/performance part. I am asking from a tax perspective. Thanks.
From India, Ghaziabad
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From India, Ghaziabad
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Salary less tax - CTC.xls