Anuj_4242
Recruitment
Kcchandel
16 Years
Vkokamthankar
Asst. General Manager - Hr
Shrimin
Hr Exe.
Mahisravanmba
Human Resource Planning, Recruitment, Selection,
Kalyan110781
Hr Executive
AK3013
Accounts
+13 Others

Thread Started by #mail2murugesan.e

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
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
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
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

24th September 2009 From India, Pune
IT is may be useful
24th September 2009 From India, Hyderabad

Attached Files
Membership is required for download. Create An Account First
File Type: xls MUSTER SHEET.xls (20.0 KB, 32498 views)

Dear All, Hope the attachment will help you out with Salary calculation and break up!!
24th September 2009 From India, Pune

Attached Files
Membership is required for download. Create An Account First
File Type: xls Salary Break up calculator.xls (17.0 KB, 33657 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
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
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
11th June 2010 From India, Madras
My Salary is 14000. pls divide the % into fragements such as(Bsaic, HRA, Medical, Spl. Allowance)
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
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 ....
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
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.
1st October 2010 From India, Hyderabad
To the all sheet in not correct, i hope kindly attached the new excel sheet
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.
15th November 2014 From India, Pune
As per Act minimum salary is 6500 for an employee ,which basic or to be paid amount ?
8th August 2017 From India, undefined
we need to give 6500 as a basic or as a paid salary ?
8th August 2017 From India, undefined
Hai sir
I want detailed salary breakup For RS 25 000,I have worked manufacturing industry (Basic,HRA,T Allowances,M Allownaces,)How to calculate %
4th September 2017 From India, Chennai
anyone, please help me form making best salary structure for the tax saving purpose...rs 62500 per months, no PF deduction ...plz help it's really urgent
27th November 2017 From India, Bhopal
#Anonymous
Hi ,
Could you plz share rules for DA calculation in salary structure
27th November 2017 From India, Bhopal
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.
8th December 2017 From India, Chennai
Dear All, How to calculate Basic Pay, DA, HRA, Conveyance , medical allowance, child education allowanc & Other Allowances from Gross Salary of Rs.20,000/-. I want know the correct formulas. Kindly do the needful.
i need very urgent.. kindly sent in excel format
8th December 2017 From India, Chennai
I Require sheet protection password for the attachment. Kindly help me out for the same.
6th February 2018 From India, Chennai

Attached Files
Membership is required for download. Create An Account First
File Type: zip Salary Master payroll.zip (5.60 MB, 323 views)

Dear All, I Require sheet protection password for the attachment. Kindly help me out for the same.
File name: Salary Master.D.Valid.1.9.2010
6th February 2018 From India, Chennai
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™