Calcualtion of Salary (Basic, Da, HRA, TA & others) (Deduction PF, ESIC & others)

I'm an MBA student, waiting for the final result. I want information regarding the calculation of Salary (Basic, DA, HRA, TA & others) and deductions (PF, ESIC & others). I need your help, which will be beneficial for me at the time of the interview.

Hi Sachin,

I have enclosed a salary structure for you and hope this will provide the complete solution you are looking for. It is password-protected, and you can obtain the password from the file name, which consists of digits.

Hi, guys.
Please help me.
I want to know if HRA is an extra part of the salary or is deducted from the basic salary.
How much amount of PF is deducted from the basic salary of an employee?
Please tell me what amount I have to deduct from the salary.
Please help me.

Hello everyone,

I am a new member of this forum and also a fresher in HR jobs. I would like to know how I can calculate Basic, DA, HRA, TA, and deductions such as PF, ESIC, and others similar to the above. I hope you all can help me by sharing the percentage breakdown of each component. Thank you for your assistance!

I am working with the HR department, so I have some requirements for HR policies, such as HR letters (e.g., warning, invitation, letter to seniors, suspension letter, etc).

Thank you.

Dear Sir,

You have assigned the password to the salary.xls file. I want to open that file and understand how the salary is calculated. Would you be kind enough to send the password, please?

Thank you!

Swati Anpat.

Hi Sapan,

HRA is always deducted from the basic salary; the percentage of deduction depends on the company policy and can be either 30% or 40% of the basic salary. Additionally, PF deduction is 12% of the basic salary, contributed by both the employee and the employer.

Regards,
Akansha Rawat
NaiDunia Media Pvt. Ltd.
New Delhi-01

Hi Akansha,

Thanks for providing the information. I would like to know how much amount we have to deduct from our salary, specifically referring to gratuity, DA, PA, LTA, and other essential deductions. Please help me.

Thank you.

Dear Mr. Anil,

Can you assist me in opening the file? You mentioned that it is password-protected, and I am unable to open it.

Thank you.

Hi everyone, I have a message for all of you.

Basic Salary: 40% of CTC
HRA: 40% of Basic
Conveyance: Rs. 800
Medical Allowance: Rs. 1250
LTA can be claimed in multiples of 500 up to 5000
Washing Allowance: Rs. 400
Children's Education Allowance: Rs. 250

These are some of the basic allowances given as per the IT Slabs.

Dear Anil,

The enclosed file is not opening. Please give me the password so that I can open the file.

Regards,
TM

Hello, Mr. Anil,

I have the same problem with the salary calculation method. Could you please explain to me how to calculate the percentage of HRA, PF, and what is the scale of Basic? Will you kindly help me?

Hello All, I want to know about HRA calculation for salary break up. How much % is HRA of Basic or Gross? Is the minimum wage inclusive of Basic+HRA in Delhi & Punjab? As per the new judgment of the Supreme Court, PF is calculated on Basic + DA + Other fixed monthly allowances. If someone is drawing a gross salary of 50000/- per month with the breakup for Punjab Shop & Establishment employees as Basic: 10800, HRA: 7500 (15% of Gross), VMA: 5000, and Other Allowances: 26700/-, then should PF be deducted on the maximum limit of Rs. 15000/- or on Rs. 42500/-? Please suggest. In my opinion, it should be deducted on 15000/-.