Need Help Urgently: How to Break Down a Monthly CTC of $37,500 Based on This Example?

Salary Break-up for Monthly CTC $37,500

Please, it's really urgent. As per our company's breakdown for $23,671, it is as follows:

- Earned Basic: $3,000.00 (Previous: $2,800.00)
- Provident Fund: $360.00 (Previous: $336.00)
- H.R.A: $1,080.00 (Previous: $1,008.00)
- P. Tax: $0.00 (Previous: $200.00)
- Conveyance: $800.00 (Previous: $747.00)
- TDS: $0.00 (Previous: $966.00)
- Fixed Allowance: $15,820.00 (Previous: $14,765.00)
- Variable Allowance: $1,620.00 (Previous: $1,512.00)
- Medical Allowance: $250.00 (Previous: $233.00)
- Special Allowance: $1,101.00 (Previous: $1,028.00)

Please provide me with a calculation based on the above breakdown.

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I think your company has the "most creative" salary plan, so you can go ahead and break up the gross salary in any manner you intend to choose. The reason I am saying this is that when the gross salary is $23,671, the basic pay is only $3,000, and there is a fixed allowance of $15,820. It clearly points to the fact that the company wants to save on statutory deductions and any contingent payments, such as in case of accidents or compensation like notice pay, gratuity, retrenchment compensation, etc. Such salary break-ups are not good or valid from a legal point of view.

Warm regards.