How Can I Adjust a Rs. 50,000 Salary Package to Ensure Rs. 45,000 Take-Home Pay?

Hello Everyone,

I have a case with me where I need to change my current salary structure. There is one candidate whose CTC has been decided as Rs. 50,000 per month, but he wants Rs. 45,000 per month. Since the candidate is good and fulfills our requirement, we don't want to miss this opportunity. Kindly suggest to me how I can design my salary structure with EPF and gratuity deduction so that he receives Rs. 45,000 in hand after all the deductions.

Hi,

Kindly find the following details:

- Basic: 16772
- HRA: 7500
- LTA: 3000
- Medical Reimbursement: 1250
- Mobile: 800
- Special: 17690.64
- Gross: 47012.64

On the employer's side, the EPF will be 2180.36, and the gratuity will be calculated as per month (Basic*4.81%) = 807. Therefore, the Gross amount will be 50000 - (2180.36 + 807) = 47012.64.

Now, the EPF deduction from the employee's side will be = Basic*12% = 2012.64. Thus, the net salary in hand will be Gross - EPF from Employee = 47012.64 - 2012.64 = 45000.

Regards,
Saurabh Tyagi