Salary - WHAT IS THE % OF THE SALARY BREAKUP OF BELOW MENTION HEADINGS?

hr.santechinfra@gmail.com
hello all,
I AM DIVYA ANAND WORKING AS AN SENIOR HR EXECUTIVE IN KARVY CAN ANY TELL ME HOW TO MAKE SALARY BREAKUP.
IF SUPPOSE SOMEONE IS GETTING 18050 ( MONTHLY CTC)
THEN WHAT IS THE % OF THE SALARY BREAKUP OF BELOW MENTION HEADINGS ?
1)BASIC=
2)HRA
3)CONVEYANCE
4)SPC ALLOWANCES
5)MEDICAL
6)EXGRATIA
KINDLY HELP TO REVERT.
THANKS & REGARDS
DIVYA
Labour Law Index
We can answer this question as 50% of total salary is treated as Basic + DA by PF enforcement officers. So in no case it can be less then that. Now HRA can be taken in lines of Income Tax upto 50% of Basic + DA if in metropolis in other case 40% of Basic + DA. After this comes transport allowance in Income tax it is allowed upto 1600 per month.
So your distribution can be :
Rs 18050 x 50% = 9025 is Basic + DA
Rs 9025 x 50% = 4512 is HRA
Rs 1600 is transport
Rest you can divide according to your convenience.
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Srinath Sai Ram
Please remove Medical & Ex Gratia Components.
Employees whose Gross Salary is below Rs21,000/- come under the purview of ESI Act, 1948 & The payment of Bonus Act, 1965
Please find out Minimum Wages applicable to your establishment to determine Basic & DA.Anything paid above minimum wages can be put in to other components
fmsservices
Pl find out what are your min wages for your zone accordingly you can break up salary to acquire ctc follow foll.
1. Basic
2. Special allowance ( da)
3. Hra 10% or as it prevails in your zone
4. Pf 13.36% of basic + da
5. Esi 4.75% of gross sal (basic+da+hra+travelling allowance)
6. Bonus 8.33% of basic + da
7. Leave salary 4.81% of basic+da+hra
8. Gratuity 5% of basic + da + hra
9. Lwf 6 rs
10. Paid holiday 1.3% of basic+da+hra
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