Salary Breakup Formula Needed: Can Anyone Share How It's Done?

Dear professionals,

Can anyone provide the salary breakup formula?

Cheers,
Jenin

Dear Jenin,

Kindly find attached Excel sheet. It may help you in fixing your salary breakup.

Thank you.

Hello,

If we keep the basic more than 6500/-, then is it necessary to give PF to the employee?

Regards,
Madhura

Hi,

Please find attached a PDF on compensation rules and design guidelines. This document is very informative and will give you an idea of how to design a salary structure.

Hope you find it beneficial.

Best wishes,
Prerana

Hi,

It's a beneficial file, but I think now the basic salary has been revised. Everybody will appreciate the updated structure; concepts are available.

Hi Prerana,

Such great information for HR freshers like me and others. I want to know if it works as per government rules or as per company policy.

Thanks,
Zunzun

Hi folks, I need a formula for the calculation of HRA. For example, if we calculate 40% HRA based on basic + VDA:

BASIC 10433
VDA 1040
HRA 4057
SPECIAL ALLOWANCE 0
GROSS SALARY 15530

If HRA is greater than 40%, the balance amount should be reflected in Special Allowance. Could you please send me the formula if anyone has it?

Thanks & Regards,