Salary Breakdown Request: How Does a 7.40 Lakh CTC Look with Basic, HRA, and Bonus?

Can anyone send me the salary breakup for 7.40 lakh per year? Components will include basic salary, HRA, transport, and bonus. Only PF deductions.

Salary Breakdown

Basic = ₹3,70,000 P.A (₹30,834 P.M)
HRA = ₹1,85,000 P.A (₹15,417 P.M)
Conveyance = ₹9,600 P.A (₹800 P.M)
Bonus = ₹30,821 P.A (₹2,569 P.M)

PF Deduction = (₹1,800 x 12 = ₹21,600 P.A) (₹1,800 P.M)

Please find the attached Salary Break-Up Format. You can make changes as per your company policy.

We are following this policy:

CTC 7,40,000

Salary Components | Amount | Monthly
(a) Basic Wages @ 50% of CTC | 3,70,000 | 30,833
(b) HRA @ 50% of Basic Pay | 1,85,000 | 15,417
(c) Conveyance Allowance - 1600/- Per Month Fixed | 19,200 | 1,600
(d) Performance Linked Salary (Balancing Figure) | 1,27,406 | 10,617

Gross Wages (a+b+c+d)
7,01,606 | 58,467

(e) PF (Employer's Share @ 13.00%) | 23,400 | 1,950
(f) ESI (Employer's Share @ 3.25%) | - | -
(g) Bonus @ 8.33% on Rs. 15,000/- P.M. | 14,994 | 1,250

Total (A+e+f+g)
7,40,000 | 61,667

Jawahar Lal Moondra [Email Removed For Privacy Reasons] [Phone Number Removed For Privacy-Reasons]

Please check the monthly CTC figure as it seems to be incorrect.

Aakash ji, the calculation is perfectly correct and in compliance with the statutory requirements:

1. The PF contribution has been considered on Rs. 15,000/- per month salary only.
2. The bonus has also been calculated based on Rs. 15,000/- per month salary only.

CTC: 7,40,000

Salary Components Amount Monthly
(a) Basic Wages @ 50% of CTC 3,70,000 30,833
(b) HRA @ 50% of Basic Pay 1,85,000 15,417
(c) Conveyance Allowance - 1600/- Per Month Fixed 19,200 1,600
(d) Performance Linked Salary (Balancing Figure) 1,27,406 10,617
(A) Gross Wages(a+b+c+d) 7,01,606 58,467
(e) PF (Employer's Share @ 13.00%) 23,400 1,950
(f) ESI (Employer's Share @ 3.25%) - -
(g) Bonus @ 8.33% on Rs. 15,000/- P.M. 14,994 1,250
(B) Total (A+e+f+g) 7,40,000 61,667

Hope the matter shall get clarified.

Thanks and Regards,

Jawaharlal Moondra
[Email Removed For Privacy Reasons]
[Phone Number Removed For Privacy-Reasons]