Dear Safia Zaidi,
Various companies have a different kind of salary break- up structure. However, here are the components for your reference.
Basic = 40 - 50% of Gross
HRA = 40 % on basic for Non- Metro and 50% basic for Metro cities
Conveyance allowance = Max. upto Rs. 800 Per Mensem and 9600/- Per annum
Medical Reimbursements = MAx. Rs. 1250/- per mensem and 15000 P.A
Special Allowance = Balance of the Gros is calculated as the spl. allowance
Apart from the above you need to look for statutory contribution
1] ESI (applicablefor employees whoe gross salary is less than or equal to 15000/- per mensem).
Employee Cont. - 1.75% on gross
Employer Cont - 4.75 % on gross
2] PF = Employee Cont - 12% of basic
Employer Cont - 13.61% on basic
As the professional tax is conerned it differs from state to state.
For a New joinee you can always prepare a salary by
- Net salary = Gross minus PF (Employee Contribution) minus ESI (Employee Cont.)- Professional Tax
- CTC = Gross + PF (Employer Cont.) + ESI (Employer Contribution)
If the salary of the employee joining you is highly paid then, you may also use the spl allowance that is to be paid through,
Petrol allowance, food coupons, LTA etc.