Salary Breakdown Confusion: Can Anyone Explain How It Works Under the Shop & Establishment Act?

Hi,

I am working as an HR executive in my organization, and it falls under the Shop & Establishment Act. Could you please guide me on the salary breakup details?

Thanks & Regards,
Vincent A.

Dear Vincent,

Greetings for the day,

I am writing to inform you that I have an Excel sheet format which I will send to you. Please find the enclosed attached sheet. If you have any doubts, please call me back.

Regards,

Ratna Kumar

HR Coordinator

Mobile: +919885377668

Hi,

I found your CTC Salary calculator and found it very helpful. There's a query. Can you explain to me what formula is in the cell M5? There is an error in the same cell.

Hi,

Kindly help me with a salary breakup of Rs. 425,000/- CTC per annum, including the following components:

- LTA: 8% yearly returns
- Medical Allowances: 10% quarterly returns
- Yearly Performance Incentive: 10% half-yearly returns

Thank you.