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preeti008
9

I want to confirm with u seniors that is it right bifurcation of salary. I have made it in keeping old posts of cite hr in mind.
Gross = 20,000/-
Basic(50% of Gross) =10,000/-
HRA(60% of basic) =6,000/-(amount left:4000/-)
conveyance(40% of amount left) =1600/-
Personal phone allow. (25% of amount left) =1000/-
special allow. (35% of amount left) =1400/-
If PF and PT not applicable and Is conveyance and anything is taxable? after some limit? i seen in one post here that it is taxable after some limit.

From India, Bhopal
anil.arora
663

Hi Preeti,
Please go thru the weblinks below posted and also have attached a salary sheet sample format. Put the data as you want and get the same you are looking for
https://www.citehr.com/295416-salary...per-month.html
https://www.citehr.com/45366-salary-...deduction.html

From India, Gurgaon
Attached Files (Download Requires Membership)
File Type: xls Salary Break-up.xls (35.0 KB, 821 views)

k_shenbagarajan
188

Dear Preethi,
Gross = 20,000/-
Basic(60% of Gross) =12,000/-
HRA(50% of basic) =6,000/-
conveyance =750/-
Medical allowance = 1250.
Here you are not going to pay PF since the basic in more than 6500
Also you are exempted from Conveyance for upto 800 / month
Also you are excempted from Medical allowance for upto Rs. 1250.

From India, Mumbai
Attached Files (Download Requires Membership)
File Type: xls Incom_tax_calculator (1).xls (81.0 KB, 466 views)

ketangadani
i am recently joined new firm as a HR Executive. but here there is no any HR policy. i want to established HR policy
1. i want to know in my organization total 20 employee's are working. So PF registration is necessary?
2. Need salary slip format.
Regards,
Ketan Gadani

From India, Ahmadabad
svsrana
41

special allowance is entirely taxable.. it was a misnomer in the past.. delete such heads altogether
From India, Delhi
Kavya G
2

Hi, I also want to know the same thing if 20 Employees are working in the company so is it necessary to cut PF?
From India, Pune
k_shenbagarajan
188

Dear Kavya, Yes, First you have to apply to get the PF allotment code. and getting the code you can deduct the PF
From India, Mumbai
svsrana
41

Payroll is merely the administration part of C&B.
for a good Compensation & Benefits structure, use "cafetaria system of benefits" comprising:-
1. compliances
2. individual motives via RSI index
3. Business needs
4. global/ external equity..

From India, Delhi
Kavya G
2

Hi, I have joined IT company its 3 years old & i was previously working as a recruiter. We are total 18 Employees here & hiring people as per the requirement. So just want to know Payroll process...
From India, Pune
k_shenbagarajan
188

Dear Kavya,
Payroll consists of all the salary components like Basic, DA, HRA, Conveyance, Medical Allowance etc.
The salary is calculated for no. of days you are present.
There will be statutory deduction like ESI, PF,PT and other deduction like TDS, Loan etc.
The Payroll sheet shows the employee gross salary, Additional income like incentive, bonus etc, deductions and his net pay.
Visit the following link for a sample payroll excel sheet
https://www.citehr.com/329663-salary...ml#post1510353

From India, Mumbai
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