How to Structure a Salary Breakup for Rs 18,000/Month with Accommodation in Pune?

Hi everyone,

Please help me with the salary breakup for Rs 18,000 per month, including accommodation, for a female employee. The components should consist of basic pay, professional tax (PT), provident fund (PF), tax deducted at source (TDS), with no other additional components.

Regards,
E. Ray
Location: Pune, India
Tags: payslip generation, performance improvement, salary breakup, Country-India, City-India-Pune

To structure the salary breakup for a female employee earning Rs 18,000 per month along with accommodation, we will consider the following components: basic salary, Professional Tax (PT), Provident Fund (PF), and Tax Deducted at Source (TDS).

Step-by-Step Guide:

1. Basic Salary: The basic salary is usually around 40-50% of the total CTC (Cost to Company). For an Rs 18,000 per month salary, the basic can be set at Rs 7,200 to Rs 9,000.

2. Professional Tax (PT): In Pune, Maharashtra, PT is applicable based on the employee's monthly salary. The PT slab rates can be found on the official Maharashtra government website.

3. Provident Fund (PF): The PF contribution comprises both employer and employee contributions. The PF rate is 12% of the basic salary. For Rs 18,000, the PF contribution would be Rs 2,160.

4. Tax Deducted at Source (TDS): TDS is deducted based on the individual's income tax slab rate. The TDS rates for female employees can be checked on the Income Tax Department's website.

By following these steps, you can accurately break down the salary components for a female employee earning Rs 18,000 per month along with accommodation in Pune, India.