Djpaddystudio7
Hr Analyst
+1 Other

Please give me the salary breakup for CTC Rs. 45000/- if variable pay with Rs. 4000/- Conveyance-Rs. 800/-, EPF Rs. 885/-, PF 780/- and what could be the Basic, HRA and other allowances?
11th June 2010 From India, Madras
Hi
As per your query please find enclosed the details of salary but still I would like seniors at CiteHR to check the same.
XYZMONTHLYANNUALLYBasic22,731.00HRA11,369.00Special Allowance3,372.0037,472.00449,664.00conv all8009600PF272832736variable pay400048000CTC GROSS( in Rs)45,000.00459,264.00
EPF & PF are the same components i.e 12% of basic +DA. Here you can see that PF is 2728 which is calculated after finding basic component it can not be preassumed. In case you employers also deduct their contribution from employee's salary so you have to deduct the same amount (2728) from employee's salary so total PF deductions in that case will be (2728+2728=5456) and than you have to readjust the in hand salary. I have calculated Basic as 60.665% of in hand per month salary, HRA as 50% of Basic +DA(if opted by employer), & Special allowances(9% of in hand per motnh salary). Other variable component remains fixed such as 4000 & conv allowance of 800.
Regards
Pooja
12th June 2010 From India, Delhi
Hi

As per your query please find enclosed the details of salary but still I would like seniors at CiteHR to check the same.

BASIC(Rs.22731) + HRA(Rs.11366)+other allowance (Rs.3372)=Rs.37,472/- (in hand per month salary).
+ Conveyance allowance = Rs.800
+ Variable allowance = Rs.4000
+ PF (12% of basic + DA) = Rs.2728
______________________________
TOTAL CTC : Rs.45000/-
_______________________________

EPF & PF are the same components i.e 12% of basic +DA. Here you can see that PF is 2728 which is calculated after finding basic component it can not be preassumed. In case you employers also deduct their contribution from employee's salary so you have to deduct the same amount (2728) from employee's salary so total PF deductions in that case will be (2728+2728=5456) and than you have to readjust the in hand salary. I have calculated Basic as 60.665% of in hand per month salary, HRA as 50% of Basic +DA(if opted by employer), & Special allowances(9% of in hand per motnh salary), this is for employees staying in Metro cities. Other variable component remains fixed such as 4000 & conv allowance of 800.
12th June 2010 From India, Delhi
Hi,
I am sorry if I am being too experimental in this calculation.
Considering that the contract is of 45000/month thus, it turns out to be the annual package of 540000. The variable pay would be given as a performance bonus at the end of the year. Thus the monthly salary stands at 41000 on which the calculation is to be made. Out of this 885 turns out to be the EPF, conveyance is 800.
Now let the Basic be 30% of the gross and HRA+DA be 50% of Gross.
Basic = 12,300
HRA + DA = 20,500
Thus, Special Allowance stands at 6,515
A total of 41000
Deductions would be the PF and EPF = 780+885 = 1665
A professional tax of Rs. 200 deducted by the employer.
Total deductions = 1865
Net payable salary would be Rs. 39,135
This is what I thought of the breakup.
Of course, with my assumptions it could go grossly wrong. Would hope some corrections would be suggested by specialists.
12th June 2010 From India, New Delhi
Basic should be 40% of CTC, HRA should be 50% of Basic inccase Metropolitan Cities, 40% in case of other cities.
14th June 2010 From India, Mumbai
Respected Sir/Madam,
please give me the salary breakup for CTC Rs. 34000/-
Without PF and ESI.
Thanks & Regards
Vishnu M
27th October 2018 From India, Ernakulam
Please give me the salary breakup for CTC Rs. 40000/- with only professional tax deduction of Rs.200 per month
18th December 2018 From India, Hyderabad
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