Re: Salary Break Up For 54,0000/- - Xls Download

Hi!!!!
Can anyone help me with salary breakup for Rs. 54,000/- Gross per/month for a private company.
Please help me for it asap.
Thank you.

Dear [Login to view],
Calculation is pertained to Metro city, please give us the details on Metro/Non-Metro and designation of which salary negotiated. Check for the Income Tax liability to this salaried employee.
(A) the basic is 40% (Metro cities) - 21600
Special Allownce - 17169
Total (A) - 38769
(B) Satutory components
PF (Employer's cont) - 2592
Gratuity - 1039
ESIC (Employer's Cont.) - 0
Statutory Bonus - 0
Total (B) = 3631
(C) Allowance & Reimbursement (Non Taxable)
House Rent Allowance - 10800
Conveyance Allowance - 800
TOTAL (C) - 11600
CTC is A+B+C = 54000
Gross: 50369 (Gross salary includes the components without deductions like PF, professiobnal tax, income tax etc.,)

Attached is the CTC calculation of Gross 54K
Let me know if you want to add any additional allowances

Attached is the CTC calculation of Gross as 54K
Let me know if you want to add any additional allowances

Ctc 54000
bpay 27000
hra 13500
conv 800
med 1250
spcl 5526
gross pay 48076
pf emplr 3675
ex. Gratia 2249

I absolutely agree with Bhakti Narang. Perfect Calculation of components. We follow the same in our company.
In deduction part either you can deduct PF 12% of Basic or can restrict to Rs. 780/-.
Regards,
RK

Dear Mr. Mubarack,
The calculation is asked for Gross, not for CTC. Hence Bonus etc will not come in the way. Travel Reimbursement also not a part of Gross Salary. All the calculations of components are not in line to any of the statutes.
RK

It is not clear what are the extra benefits / facilities your company is providing presently. Pl note the basic that Basic salary
be less so that liability of the Company will be less.

Hi,
Please help me out how to calculate HRA, other allowances, medical, furnishing, Conveyance etc.
thanx & regards
SJ

Dear SJ,
Actually Basic + DA is 40% of the Gross. Again, HRA is 40% of the Basic + DA. Transport Allowance is Rs. 800. Medical Allowance is Rs. 1250. Balance amount you can consider as Special Allowance or Other Allowances.
Best you can refer the excel sheet attached by Bhakti.
Regards,
RK