Comprehensive Insights on Salary Formats, Taxation, and Employee Benefits in HR Practices

Please find the attached file. I want to show my salary of $23,987.

Hi Alim,

Please find attached the Excel file. I hope it meets your requirements.

With regards,

Dear Alim ji,

Please check your Excel sheet at once. The ESI limit is Rs. 15,000, and there is no eligibility beyond that.

Regards,
PBS KUMAR

Hi Alim,

Please find the attached Excel file. I hope it meets your requirements.

With regards

Hi, this is Ravi. Mr. Alim's calculation is wrong; he is showing ESI deductions, but his salary is more than 15000.

Good Evening, Anish!

The general format of such official letters/correspondence can be obtained from the internet. The matter would be as below:


Dear Sir,

This letter refers to the 2 months' salary arrears payable to our Junior Accountant, Mr. xxxxxx, who has been on deputation to my branch for the past 3 months. In the second month of the deputation, his salary was increased to Rs. 10,000 from Rs. 7,000. The two months' arrears amount to Rs. 6,000. Therefore, I kindly request you to approve the release of the arrears along with his salary for this month.

I hope you will take the necessary action on the above request.

Yours faithfully,
Anish


Let me know if you need further help.

Subject: Uniform System - Regarding Implementation

We have planned to implement a uniform system in our company. Can you provide any ideas regarding that?

Thank you.

Subject: Salary Split-ups - Regarding

I need the percentage-wise salary split-ups from gross to basic, HRA, etc.

Hi All,

Please find attached the CTC sheet for Rs. 23,978. Kindly revert back with your feedback.

Dear Seniors,

Your suggestions on this, please...

Regards,
Karthik

Dear All,

PFA...., CTC.

Dear Seniors,

Your suggestions on this, please....,

Cheers,
Karthik

Sub: Salary Format

Thank you for your reply. I have a doubt about how to separate the amount for basic, HRA, CEA, Conveyance, medical allowance, special allowance. Is there any percentage for that?

Hi,

In the attached sheet, everything is formulated. If you go to the shell, you will find the percentage.

Conveyance: Rs. 800 is fixed. Even if you pay more under the conveyance component, it will be calculated only for Rs. 800*12 months.

Medical: Rs. 1250/- is fixed. Even if you pay more under Medical reimbursement, it will be calculated only for Rs. 1250*12 months.

Chill,

Karthik Nayudu
Email: destination4success@yahoo.co.in

Dear Mr. Karthik,

Your calculations are very useful. I have a small doubt. You mentioned that 10% tax is applicable for Advisors. Could you please clarify up to what amount this 10% tax is applicable and what the limit is?

Please clarify.

Regards,
Murali

Hi Murali,

Tax is applicable on gross salary. There will not be any statutory deductions except PT. Hence, Advisor's Gross will be Rs. 200 more than the net, and CTC will also be the same as gross as there are no employer contributions.

Cheers,
Karthik

Hi Murali,

These are the tax slabs for the current financial year, i.e., April 2011 to March 2012:

- Up to ₹1,80,000: No tax
- ₹1,80,001 to ₹5,00,000: 10 percent
- ₹5,00,001 to ₹8,00,000: 20 percent
- Above ₹8,00,000: 30 percent

I hope this information is helpful to you. Let me know if you need any further assistance.

Hi,

I am Sunita, an HR Executive working at Volkswagen Whitefield for an automobile dealership.

Kindly let me know what statutory documents need to be maintained at our dealership, and also what information needs to be posted on the notice board of our service center.

Regards,
Sunita

Hi Karthik,

Kindly suggest how to calculate all the components if the in-hand salary is 30k without PF deduction.

Thanks