Need Help Understanding Salary Breakdown: How Are Different Components Calculated?

Subject: Salary Calculation Details Request

Hi,

Could you please send me the details on how to calculate the salary in detail? I need information on the basic salary, HRA, DA, CCA, other allowances, and medical allowance. I would also like to know the percentage on which these components should be calculated.

I am eagerly awaiting your reply. You can email me at the following address: pinkirambhia@indiatimes.com.

Thanks and regards,
Pinki Rambhia
Prognosyz Technologies

Dear Pinki,

You can use the following components for calculating salary:

1) Basic - 50% of Gross
2) HRA - 40% of Basic
3) CCA - Rs. 825/-
4) Medical Allowance - Rs. 1250/-
5) Other Allowances (all balance)

For example, if the Gross salary is Rs. 10000, then:
1) Basic: Rs. 5000
2) HRA: Rs. 2000
3) CCA: Rs. 825
4) Medical Allowance: Rs. 1250
5) Other Allowances: Rs. 925
Total: Rs. 10000

After that, you can make deductions if any.

Thanks

Dear Priyanka,

Gross salary is the sum of all components like Basic, DA, HRA, CCA, MA, CEA, etc. Basic salary means fulfilling the essential needs of employees such as food, education, house rent, etc.

Thanks