Need Help Understanding My Payslip for a 5.5 Lakh CTC – Can Anyone Assist?

Hi all, my CTC is 5.5 lakh, which means my salary is around 46,000. Could someone help me out with a payslip for the same? Thank you.

Regards,
Noel

See Mr. Noel, today most companies are following their unique format in salary structure. So, I think it is impossible to solve your query.

You may consider the following breakdown per month:

Salary Breakdown

- Basic: 40%
- HRA: 20%
- Bonus: 8.33%
- Medical: 8.33% (max. ₹1250/-)
- LTA: 8.33% (max. ₹2500/-)
- PF (Employer share): 12%
- Education allowance: ₹150/-
- Personal pursuit: ₹150/-

D. Mohan has given the right answer. I would like to go one step further—doesn't your company give you pay slips along with your salary? And if it doesn't, don't you have the offer/appointment letter where the break-up must surely have been mentioned?

Regards,
TS

Payslip Format and Compensation Components

The payslip format and compensation components on the slip depend on the company and your offer/appointment letter, where the breakup of your CTC is mentioned.

Regards,
Payroll Solutions
HR/Payroll Software Consultant

You can follow this structure if annual incentive and group mediclaim are not forming part of your CTC.

Regards,
John David

Dear Noel, Greetings of the day! D. Mohan and Tajsateesh have given you the right answer because nowadays companies have their own structure with different components such as Basic, HRA, LTA, Bonus, Conveyance, Marriage allowance, etc.

Regards,
Sameer K Ghosh