I used to deal with manpower sub-contractors for various plants / projects of our company all over India.
We usually pay as per Minimum Wages Act, as defined by the Appropriate Govt. However, in case of eligible employees we pay more than the MW Act. In order to determine overall costing of a plant/project I prepare a sheet of projected cost for the deployed manpower. This help us making project costing as well.
Pls find attached a format duly showing MW, some allowances, PF (employer 13% instead of 13.36%), ESI Deductions, Take Home Salary, CTC etc. In EPF you can Freeze PF Wages upto Rs. 15,000, and accordingly change the formula at respective place. Since we deploy through third party hence “Contractor Service Charge” also shown.
Also find attached another individual CTC Format.
You can modify the format/s as per your requirement.
Hope this will serve your purpose.