Salary Breakdown Confusion: Can You Help Me Figure Out My Take-Home Pay?

Salary Breakdown

These are the factors:
- Basic: 4000
- HRA: 1500
- Supp. Al: 6500
- Conv. Al: 2500
- Spl. Al: 2500
- PF: 500

What is my take-home salary? Please let me know.

Thank you,

Tulaci

All your income heads, excluding PF and P Tax, will result in a take-home salary of Rs 16,520/-.

Thank you.

Regards

Apart from the factors mentioned, there is certain reimbursement (medical - Rs. 800, communication - Rs. 800). Would this be added to my net salary if I claim? Also, there is a bonus of Rs. 800. When is the bonus generally paid, every month? Please clarify.

Thank you,

Tulaci

As you mentioned, all components will be reimbursed (medical and telephone bills - when you submit your bills, they will be reimbursed), and the bonus will be paid once a year. It will not be considered in the take-home salary and will vary from month to month.

Thank you.

How would the take-home salary be ₹16,520 if the total salary is ₹17,000 (less PF ₹480 + PT as per state rule)?

Regards,
Dinesh

Thank you for providing the details of your salary components. Here is the breakdown:

- Basic: 4000
- HRA: 1500
- Supplementary allowance: 6500
- Conveyance allowance: 2500
- Special allowance: 2500
- Provident Fund: 500

To calculate your take-home salary, we need more information such as deductions, taxes, and any other applicable components. If you can provide this information, I can help you determine your net salary.

Please feel free to share the additional details so that I can assist you accurately.

Thank you.

Dear Ms. Tulaci, Your take-home pay will be your earnings minus your deductions. Deductions vary from company to company. IT deductions will be as per the IT Act, and meal deductions will be as per your company's rules.

Earnings

- Basic: 4000
- HRA: 1500
- Supp: 6500
- Conv: 2500
- Spec.: 2500
- Total: 17000

Deductions

- PF: 480
- Income Tax: as per rules
- Meal deductions: As per Company Rule

Take-Home: 16520

Please deduct the meal amount from the above take-home pay.

Thank you.

I don't understand about Basic - 4000?????

If the salary is 17,000/-, it comes to 23.5%.

In my company, the salary structure is as follows: Basic 40% of Gross Salary. On Basic Salary: - HRA 40/50% (according to Non-Metro/Metro city), Education & Children Rem. 30%, Conveyance Rem. 25%, Medical/LTA 8.33%, Performance A - Fixed 10% (Monthly), B. - Variable - 5% (Annually).

Suppose your salary is 34,000, then: Basic - 13,600, HRA - 3,400, Field Allowance - 2,470, Info. Chi Allowance - 2,040, Conveyance - 2,720, Communication - 500, Medical - 1,133, LTA - 1,133, PF - 780, Food Coupon - 500, Special Allowance - 5,724. Deductions are: LTA + PF = 1,913. Cash in Hand: 34,000 - 1,913 = 32,087.

Please comment...

Most companies in India indulge in such practices. They aim to reduce the employer's contribution towards PF. But is it a big deal to have the reduced PF amount by ₹200-₹300? Is this the sole reason for companies to reduce the basic amount?

Regards,
Tulaci

Thank you for your response. I agree that most companies reduce basic pay, but I just want to know, is it legal?

Regards,
SURENDRA SHEKHAWAT