Dear community,
My name is Swapnil, and I am currently employed at an FM radio channel. As I'm new to this field, I'm finding it challenging to understand the process of salary calculation. Can anyone guide me on how to calculate DA (Dearness Allowance) and the applicable taxes? Your help would be greatly appreciated.
From India, Mumbai
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My name is Swapnil, and I am currently employed at an FM radio channel. As I'm new to this field, I'm finding it challenging to understand the process of salary calculation. Can anyone guide me on how to calculate DA (Dearness Allowance) and the applicable taxes? Your help would be greatly appreciated.
From India, Mumbai
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Nice that you work for a Radio FM in Delhi or Mumbai.
Dearness Allowance is normally 50% of your Basic. It depends upon the organization since you are a female; in your case, income up to Rs. 145,000 is tax-free for the financial year 2007-2008. If you are earning more than that, you need to save to reduce the net effect. You can save up to Rs. 1,10,000 per year, including Medical Insurance for self and dependents.
Hope this solves your query.
Regards,
Gagan
From United Kingdom
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3Dearness Allowance is normally 50% of your Basic. It depends upon the organization since you are a female; in your case, income up to Rs. 145,000 is tax-free for the financial year 2007-2008. If you are earning more than that, you need to save to reduce the net effect. You can save up to Rs. 1,10,000 per year, including Medical Insurance for self and dependents.
Hope this solves your query.
Regards,
Gagan
From United Kingdom
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Hi friend,
Attached is an Excel file which I've received from here itself. Please take a look at this. The salary breakdown percentages are displayed on the right-hand sheet. You can adjust those according to your company's policies.
I hope this information is helpful to you. Feel free to reach out.
Thanks,
Krish
From India, Thiruvananthapuram
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Attached is an Excel file which I've received from here itself. Please take a look at this. The salary breakdown percentages are displayed on the right-hand sheet. You can adjust those according to your company's policies.
I hope this information is helpful to you. Feel free to reach out.
Thanks,
Krish
From India, Thiruvananthapuram
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Hai Mr. Singh Have a look at this attached PF forms. thanks krish
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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SALARY SHEET CALCULATION.xls
Salary calculation.doc