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hello Seniors ,
I have a question related to payroll.
we have a construction company sometime management finalize the candidate at site ,
if management give us a candidate with 2.5 lac ctc . how do i make a break up with employer PF ESI Gratuity Bonus
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Particulars Monthly (Rs.) Yearly ( Rs. )
Gross Pay Components

Basic Salary 8333.6 100003.2
House Rent Allowance 3333.44 40001.28
Innovative Allowance 3167 38003.136
Conveyance Allowance 1600 19200
Washing Allowance 2000 24000
Monthly Total 18434 221208

Annual benefits
Medical Allowance* 0 0
Leave Traval Allowance** 0 0
Bonus** 1400 16800
Total Annual Benefit 1400 16800

Annualized Retirals

Provident Fund - Employer Contribution 1000.032 12000.384
Total Annualized Retirals 1000.032 12000.384
Total Cost to Company (A+B+C) 20834 250008
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