Please Help For Understanding The Deduction Of The Salary Breakup Given Below

nazish.hasan
Dear friends
Please help me to understand the salary breakup and the deduction calculation of the given salary
this company ho is in gurgaon
CTC Annual 276000.00
CTC Monthly 23000.00
Basic 12934.00
HRA 6467.00
Convenyance 800.00
Gross 20201.00
Medical 539.00
LTA 538.00
PF 1552.00
Mediclaim 170.00
CTC (PM) 23000.00
After taking the impact of statutory deduction
In-Hand would be Rs. 19727/- pm.
how the employee will get 19727/- i tried to do the calculation many but i could not succeed.
Please give me the quick response
Thanks and Regards
Nazish
krishna.hn69
Dear Nazish,
As per your input provided
Take Home salary would be Rs 18,649.00. ( Basic + HRA + Conv= Gross - PF= Net Take home, 18649.00)
But what they did
Take Home salary Rs 19,727.00. ( Basic + HRA + Conv+ Medical + LTA = Gross - PF= Net Take home, 19727.00)
Medical or Rs 539 & LTA Rs 538 had taken into account for monthly pay out.
chantig
What Krishna said is correct, It is a practice In many companies that they include Medical and LTA as Monthly components.
k_shenbagarajan
i agree with krishna.
Mostly Many company give medical allowance of Rs. 1250/month along with the gross salary. LTA will be normally given annually.
nazish.hasan
Dear Thanks for your valuable suggestion will you please do a favor that help me for making it as a salary slip how the salary slip will be there in a proscribed format in which the monthly salary ctc will be 23000/=00 and the in hand salary will be 19727/=00 please do this.
Thanks
nazish hasan
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