Need Guide Line.as I Have Made Salary Break Up For The 1st Time - CiteHR
Mahr
Head - Human Resources
Rajiv505
Chartered Accountant
Varsh.shower
Hr Executive
+2 Others

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Hi ,
Since many days i was reading regarding "how to make salary break up". i have made 20833/- CTC break up . so i want some one to help me or guide me if their is any correction required.
because this is my First time so need proper guideline for the same.
thanx in advance.
regards ,
shilpa

Hi Shilpa, Hope you have forgotten to attach the break up of the salary. Can you edit/re-post it again.
Hi Mahesh, thanx for the reply but i tried it many a times but not geting attachted.

Attached Files
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File Type: xls salary break up.xls (27.0 KB, 1192 views)

Shilpa, You don’t need to include PT in CTC. Again instead of education, you shall have "Perquisites", which will help you for Tax benefits.
dear Mahesh ,
I have Added Gross + Employer deduction ,not PT .so isnt it right?
and few queries.
when Someone Makes Salary breakup for any new joinee or employee,what do they consider in mind or as bench mark to calculate the salary CTC,GROSS, or TAKE HOME.beacuse if it s Gross then calculation is Different as related to CTC .isnt it?
thanks

is it compulsory to make basic as 50% of gross salary & HRA as 40% on basic??? can you please tell me which parameters you have considered?? i also need to make salary slip of 20K
Thanks & Regards,
Varsharani
HR

hi shilpa How u arrived PF deduction as Rs.780/- on what basis you calclated PF its 8.33% or 10% or 12% on basic. Pl check. indira
see the attched file for CTC of 20833.
try more options at the provided weblink:
https://sites.google.com/a/macros/ra...fKsS6maZkJ7-1f


Attached Files
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File Type: pdf PS.pdf (175.8 KB, 255 views)

Dear Indira,
thanx for your reply , i considered it 780/- because i thought if PF dedution on basic (i.e 12% ) is above 1000 or 1200. so we do consider it as 780/-.
beacuse thats what i have been told by my Senoir.
so kindly tell me do we have to consider any paticular amount if Pf deduction amount is high.
Regards,
Shilpa

Hi shilpa and others
how do you calculate HRA as 40% of basic because max HRA is 30% of basic only in X category / metro cities.
There is no max limit to conveyance allowance, you can even give 1500 as conveyance allowance but only 800 is exempt for tax basis
PF % depends on the trust if it is EPF then employee 12% and employer 13.68 or something like that %
for private trust it can be 10% employer and employee.


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