New to HR? How Do I Break Down a Salary of 21,000 In-Hand with a 2.7 CTC?

kanikavaluehire
Hi Folks, it's urgent. I need a salary breakup for 21,000 in hand and CTC 2.7. I am new in HR, please help me.
karthik nayudu
Assume Gross: 21,850;
Basic: 5,463 @ 25% on Gross
HRA: 5,463 @ 25% on Gross
Special Allowance: 5,462
Other Allowance: 5,007
Bonus: 455

PF Employee Contribution: 656 + PT 200 = 856 Total Deductions.
Net Payable: Gross - Deductions: 21,850 - 856 = 20,994.
PF Employer Contribution: 743 @ 13.61% on Basic.
CTC: 21,850 + 743 = 22,593, i.e., 22,593 * 12 = 271,116.

Regards,
Karthik
shyam.sundar
Salary Breakdown

Heads
- Rs. Per Month
- Basic: 8,688
- HRA: 4,344
- Transport Allowance: 800
- Special Allowance: 7,888
- Medical Allowance: -
- Gross Salary: 21,720

Other Employer Costs
- Contribution to PF @ 12% of Basic: 780
- Contribution to PF Admin @ 1.61% of Basic: -
- Contribution to ESI @ 4.75% of Gross: -
- Insurance Cost to Company (CTC): 22,500

Deduction
- Employees Contribution to PF: 780
- Employees Contribution to ESI: -

Take Home
- 20,940
SmitaT
Please find the details for a salary of 21,000 and a gross of 2.7 lac.

Monthly Payments

- Basic: 5,000
- HRA: 3,000
- Transport Allowance: 800
- Adhoc Allowance: 12,000
- Gross per Month: 20,800
- Gross Per Annum: 2,49,600

Annual Payments

- Ex-Gratia: 5,000

Retirals

- PF: 7,200
- ANNUAL GUARANTEED CASH = GPA + Annual Payments + Retirals: 2,61,800
- TOTAL ANNUAL CASH = ANNUAL GUARANTEED CASH: 2,61,800

- Group Term Life Insurance - Premium Amount: 145
- Medical Insurance - Hospitalization floating cover for self + spouse + 2 children + parents, Applicable for non-ESIC members - Averaged Premium amount: 5,549
- Gratuity (As per Act): 2,886

COST TO COMPANY = Total Annual Cash + Fixed Benefits + Variable Benefits: 2,70,380

Regards,
Smita Thakor
laxman-dighole
I need a salary of 19,583k in hand. Please help me with the format, deductions, and any other details.
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