Salary Breakdown for 25K In-Hand: What Components Should I Include?

I need urgent help. I was working in a startup company where my salary in hand is 25k. So I have to make a salary slip. What will be the salary breakup components.

Hi Dear,

I believe you are currently not on the company's payroll; instead, you are off-roll because there are no deductions from your CTC. Please refer to the mentioned salary breakdown:

- Basic: 35%, $8750
- HRA: 25%, $6250
- Special Allowance: 10%, $2500
- Conveyance: 10%, $2500
- Medical Allowance: 20%, $5000

Total: $25000

Your total CTC is $25000 with no deductions.

Thank you.

Hi Snil, this was the component for the salary slip of that company:

Basic Salary
House Rent Allowance (HRA)*
Composite Allowance
Transport Allowance
Medical Allowance*
Leave Travel Allowance (LTA)*
Gross Salary

I don't know what the composite allowance is.

Salary Component Per Month Per Annum Basic Salary 8,750.00 1,05,000.00 House Rent Allowance (HRA)* 6,250.00 75,000.00 Special Allowance 2,500.00 30,000.00 Conveyance Allowance 2,500.00 30,000.00 Medical Allowance* 5,000.00 60,000.00 Gross Salary 25,000.00 3,00,000 Please confirm Sunil - is this correct?

---
Salary Component
Per Month Per Annum
Basic Salary 8,750.00 1,05,000.00
House Rent Allowance (HRA)* 6,250.00 75,000.00
Special Allowance 2,500.00 30,000.00
Conveyance Allowance 2,500.00 30,000.00
Medical Allowance* 5,000.00 60,000.00
Gross Salary 25,000.00 3,00,000

Please confirm Sunil - is this correct?

Dear,

Basic = $15,000.00
HRA $3,750.00
Special Allowance $2,050
Conveyance $2,000
Medical Allowance $4,000

After deduction of PF at 12%, you will receive $25,000.

Please let me know if you need any further information or clarification.

Thank you.

Dear PRABHAT,

Good morning. The thing is that there was no deduction; we were getting salary in hand, or CTC was the same. That was the cash. But for the new organization, I have to submit a salary slip. That's the question - how will I make that?

As per your startup company's policies, this is to inform you that you should not deduct any amount from the salary slip. While you must include all allowances in your salary slip, it is not compulsory to display the specific amounts for each allowance. Only the important parts of the salary slip such as basic salary, HRA, medical allowance, special allowance, and conveyance allowance should be mentioned.

Dear All,

Warm Wishes.

An employee's CTC is 8,00,000/- P.A. in a metro city. Can any expert draft the calculation with percentages for the following components?

Monthly:
- Basic
- HRA
- EPF
- Sec 80C Investment
- Leave Travel Allowance
- Conveyance Allowance
- Gratuity
- Professional Tax
- Income Tax
- In-Hand salary

Or it would be helpful if only the maximum percentage allocated to each component is provided.

Warm regards.