How Should Break The Salary If 20000/- Pls Urgent - CiteHR
Abrarul Haque
Hr Manager
Arikaran
Team Leader
Mradul_bhatnagar
Senior Hr Executive

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hi this is sushank from pune wanna know the salary break up of Rs 20000/- pls help urgently.......
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Hi Shushank, Salary Break up as under - Basic - 9000 HRA - 2250 Conveyance - 800 Special allowance - 6345 Gross - 18395 PF- 780 Gratuity - 433 Personal Accident Insurence - 100 CTC - 20000
Hi friend

pf is 12% and HRA is now 50% in india....

and professional tax is also deductable from the salary which is Rs.300 for all and where is IT deduction my friend....

Dear shashank you are still confused...

Here is the solution as per indian salary standards and if you are working in a city like metros.....

Basic--- 7000

HRA-----3500 ( 50% of basic as per the rule it may comes to 40% if in B class City)

CCA---- 1829 ( City Compensatory Allowances is 26% of basic , it may comes down to 20% if you are not in a metro)

Conv--- 2000 ( it depends )

Medical- 583 ( Generally one Basic.... so 7000/12)

LTA------583 ( Genarally one Basic.... So 7000/12)

Other Allowances--- 3665 ( It varies)

PF contribution-------840 ( 12% of basic as per PF act)

CTC----- 20000

But you will be getting

Less PF-- 840

Less PT--300 ( Professional Tax)

Less IT-- 800 ( Income tax almost 800)

Cash in hand--- 18060

Regards

Abrar
salary components varies as per company/organisation norms & as per standard rates which is already fixed by different authorities is varied, so discuss with persons, who were only specialized in PAY ROLL & compensation structure only.
Forward your personal email id will send you all the details.
Regards,
Biidyut
Hi Sushank,
Suggest the following so that best tax savings can be achieved:
Basic 10,000
HRA 4,000
Transport allowance 800
PF - Employer 1,200
LTA 833 (Annual)
Education allowance 200
Special allowance 2,967
HRA is tax deductable based on the actual rent paid; Transport allowance is tax free; PF - of employer and employee is tax free; Education allowance is expempt @ Rs.100 pm per child. Unfortunately there are no other tax free allowances. However, you could claim deduction by saving up to Rs. One lakh of income.
Hi I hope we can add make the package
Basic 8000
HRA 4000
Conveyance 800 Tax exempted 800 per month
CCA 2000
Special Allowance 2000
Medical Reimbursement 1250 Tax exempted but need to produce bills
Gross 18050
Employers PF 960
LTA 1200
CTC 20210
You can make changes in special allowance and CCA as per your need and this structure will help employee to take exemptions in income tax also. for any other assistance plz feel free to ask
ctc 2.3l how to calculate monthly salary
basic,hra,conveynence,esi,pf
What is the salary break down of 17000 pls
For 30000 take home what will be the approx. CTC and approx. Gross.
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