Hi
As per your query please find enclosed the details of salary but still I would like seniors at CiteHR to check the same.
XYZMONTHLYANNUALLYBasic22,731.00HRA11,369.00Special Allowance3,372.0037,472.00449,664.00conv all8009600PF272832736variable pay400048000CTC GROSS( in Rs)45,000.00459,264.00
EPF & PF are the same components i.e 12% of basic +DA. Here you can see that PF is 2728 which is calculated after finding basic component it can not be preassumed. In case you employers also deduct their contribution from employee's salary so you have to deduct the same amount (2728) from employee's salary so total PF deductions in that case will be (2728+2728=5456) and than you have to readjust the in hand salary. I have calculated Basic as 60.665% of in hand per month salary, HRA as 50% of Basic +DA(if opted by employer), & Special allowances(9% of in hand per motnh salary). Other variable component remains fixed such as 4000 & conv allowance of 800.
Regards
Pooja