Payroll Calculation [Thread 170183] - CiteHR
Globaloverseas144
Soical Compliance Auditing
Joyneo04
Client Handling
Sachinchoudhury
Mba Hr Fresher
Pon1965
Construction
Vyakhya
Hr Professional
Shish
Consultant
+5 Others

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Hi All,
Can anyone tell me about how to calculate the payroll and sections under each payroll component (such as basic,HRA,CA,CCA,Medical Allowance,Vehical Reimburesement,LTA,Gift Vouchers,PF,Special Allowance,Lunch Coupons etc) and slab rates for each section under payroll.
Kindly provide your suggestions regard.......r refer me any books.
Regards,
simran.

Hi Sir,
Thanks alot.......for responding to my query.
The information helps me alot .
Can u tell me the following each components of payroll comes under which sections(basic,HRA,CA,CCA,Medical Allowance,Vehical Reimburesement,LTA,Gift Vouchers,PF,Special Allowance,Lunch Coupons ,etc) and the possible ways to exempt from the tax from these components.
How fringe benefit tax is helpful to a person and the best possible ways to exempt from tax.
Regards,
Simran

Gift voucher upto 5000/- p.a is also exempted from tax. Fuel expenses for the two wheeler/four wheeler upto 20,000/p.m is exempted from I.T. In case of availing conveyance @800/p.m, fuel expenses can not be claimed for tax exemption. Food coupons are permited upto 5400/-p.m which can be exchanged for groceries.
Regards
R.Ponraj

Thank you Mr. Negi Nice post and important one. i was searching for this.covered almost all components of compensation.It is realy help full for initiator like me. Thank u & regards ajit
Dear Mr. Negi, It’s indeed great piece of info. , I just have one query reg payroll .I want to know that what are basic & mandatory inputs for payroll . Rgds, Vyakhya
Dear All, Can any one guide me , how to calculate gratuity, its other terms and condition. Regards, Salman.
Dear Govind,
Good Piece of Information, if possible will u pls guide me that how to calculate gratuity, its formula and other terms and condition related to Payment of Gratuity act.
Thankx & Regards,
Salman

Dear Govind ji,
Its nice to have the salary calculation. It is really useful. further i request you if you can kindly send me or post on the web about the gratuity Calculation and eligibilty
Regds
Rex

Dear Khan,

Please find below the calculation of gratuity:

keep in mind: basic wages+other allownace(excluding conveyence)

Payment of grauity Eligibility: 5 years completion (incase termination due to health problem,other legal termination not based on deciplinary practices (by employer) the liability to pay from employer side ).

15 days payment of basic wages(current pay rate) in a year.

Eligiblity for year: for working days including leaves with wages,accident ,maternity leaves etc..

: 190 dyas(where weekly working period less than six) in 1 year & 95 days for six months

: 240 days(for types of industry) in one year & 120 days for six months.

In a seasonal factory: 75% attendance.

Excess of six months assume a complete one year

Maximum of gratuity:3.5 lakhs

Calculating :Monthly rate divided by 26 & then one day wages multiply by 15 for one year.

For Daily wages/average piece rate *15 for one year.

Nomination at form F within one year after joining.

Payment: Within 30 days from the payable date or within 30 days from left/last day of employee tenure.

Best regards

Sajid Ansari


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