How to prepare a salary slip for 3 lakh CTC including PF? - CiteHR
Smbhappy
Finance, Hr, Sectarial Practices, Law And
Vyakhya
Hr Professional
GYP
Hr Manager
+4 Others

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Please advice how to prepare a salary slip for 3 lakh CTC including PF
Salary head Amt Basic 11650 HRA 6990 Conveyance 2330 Education 2330 Gross Salary 23300 Yearly Gross 279600 Exgratia 8000 PF Emplr 16776 Mediclaim 1125 CTC Amount 305501
salary slip for 3 Lac CTC.
BASIC - 12500
HRA - 6250 (50% OF BASIC)
MEDICAL - 1250
TRANSPORT ALLOW - 800
OTHER ALLOWNCE - 2378
(A) GROSS SALARY =TOTAL (Of the Above) = 23178
(B) NET SALARY = GROSS - EMPLOYEE PF CONTRIBUTION - 23178 - 780 = 22398
EMPLOYER PF CONTRIBUTION - 780
BONUS - 1042 (BASIC / 12)
TOTAL CTC =(A) + EMPLOYER PF CONTRIBUTION + BONUS = 23178 +780+1042= 25000

Basic 10000
HRA 4000
Education 200
Conveyance 800
Special Allowance 5952
Medical / ESI (As applicable); 833
LTA 833
Provident Fund @ 12% of Basic Salary; 1200
Gratuity @ 4.81% of Basic Salary; 481
"Bonus @ 20 % of Basic Salary ( Basic Salary
Max of 3500/ p.m.)*" 700
Cost to the Company (Amt in Rs.) 25000

It all depends upon what your company has to pay as statuary benefits to the employees and what other perks company pay to employees.
Just divide the total (Rs. 4.00 lac in the instant case) by 12. That's the monthly emoluments. work out the rate of DA/HRA/other perks.
Now, Off the remaining cut out the
statuary liabilities, like epf/epf/esi/bonus/gratuity etc. at monthly rate.
and so on. There is no set formula. Just go by the company's convention.

Hi ,
It actually depends upon how company want to provide the same .It can be with PF or without PF depending upon the size of firm , with PF the breakup has already been given without PF it can be as follows:-
Basic:- 10,000
HRA:- 4,000
Other Allowances:- 11,000
Monthly Gross:- 25,000
Final CTC:-3,00,000
Please feel free to revert in case of any clarifications.
Regards,
Vyakhya

Hi Vyakhya,
Thanks for the info..But it would be great if you could provide 3 lakhs ctc breakup on excel sheet showing yearly and monthy salary.
Also I would request you to include only basic,hra,conveyence,special allownace and deduct only pf and prof tax.
thanks a ton in advance.
Waitng for reply.

Hello sir,
i want the salary break up of 22000 monthly,after deduction of professional tax and other tax if applicable.
Please i would be thankful to you to make me understand how to deduct the taxes and other deduction from the gross salay.
waiting for reply...Thanks & Regards.

Pls. share how should I calculate Gross monthly break up for CTC 3.6 lacs. What will be the Net Salary offered to employee?
i want the salary breakup for 25k but no esi and pf so kindly help me for this.

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