I wanted to make the salary breakup for 18500 monthly

I wanted to make the salary breakup for 18500 monthly

Particulars Monthly (Rs.) Yearly ( Rs. )
Gross Pay Components

Basic Salary 7400 88800
House Rent Allowance 2960 35520
Innovative Allowance 1517 18204
Conveyance Allowance 1600 19200
Washing Allowance 2000 24000
Monthly Total 15477 185724

Annual benefits
Medical Allowance* 0 0
Leave Travel Allowance** 0 0
Bonus** 1400 16800
Total Annual Benefit 1400 16800

Annualized Retirals

Provident Fund - Employer Contribution 888 10656
ESI - Employer Contribution 735.1575 8821.89
Total Annualized Retirals 1623 19478
Total Cost to Company (A+B+C) 18500 222002

Thank you Prasant for a great reply but 18500 is inhand salary, not CTC.
I want to know the breakup for the 18.5k inhand monthly package.

My company was not providing EPF and ESI

Providing Categorywise details of Current Minimum Wages applicable to New Delhi as under:
Minimum rates of wages in Rupees Per Month Per Day
All Schedule employments
Unskilled 13,350/- 513/-
Semi skilled 14,698/- 565/-
Skilled 16,182/- 622/-
Clerical and supervisory staff
Non Matriculate 14,698/- 565/-
Matriculate but not Graduate 16,182/- 622/-
Graduate and above 17,604/- 677/-
As stated by you your company is not covered under PF & ESI and Professional Tax is not applicable to New Delhi, therefore there is no statutory deduction to be made from your salary and hence you will get full salary in hand i.e. Rs.18,500/-. Instead of going for any salary breakup pay consolidated salary of Rs.18,500/- per month. OR
Still you insist for any break up you may subtract any of the amount shown above applicable to your category from Rs.18,500/- and remaining amount show as HRA or Medical Allow or Commuting Allowance.
Suresh

What is the calculation of Previledge Leave. On the Basic +DA or only Basic

Dear Tushar,
If leave availed, employee get full salary including all allowances. This question arises only for leave encashment. Legally encashment is payable on Basic + D.A. however, in some establishments there is no separate component of D.A. Those companies are paying leave encashment either on full salary including all allowances or considering some components/allowances alongwith Basic salary for leave encashment. There is no uniform policy other than Basic + D.A.
Regards,
Suresh