Hi Folks, I am looking for a salary breakdown for a person whose salary is Rs 16,50,000 per annum. The breakdown requirements are: TDS should be Rs 16,000, PF should be Rs 3,600 per month, net salary should be Rs 1,16,150 per month, and other deductions should be Rs 1,550 monthly. Can someone help me break it down with the prerequisites and components I have mentioned above? The company is based in Hyderabad, so please calculate accordingly. I have tried as below but didn't get the expected result.
Salary Breakdown Attempt
Salary Head Amount
Basic 68,750
H.R.A 27,500
D.A 6,250
Medical Reimbursement 1,250
Education Allowances 200
L.T.C 325
Special Allowances 29,425
Gross Total 1,16,150
Deductions
PF 3,600
P tax 200
Income tax 16,000
Other deductions 1,550
Total C.T.C
Total C.T.C (monthly) 1,37,500
Total C.T.C (annually) Rs 16,50,000
Salary Breakdown Attempt
Salary Head Amount
Basic 68,750
H.R.A 27,500
D.A 6,250
Medical Reimbursement 1,250
Education Allowances 200
L.T.C 325
Special Allowances 29,425
Gross Total 1,16,150
Deductions
PF 3,600
P tax 200
Income tax 16,000
Other deductions 1,550
Total C.T.C
Total C.T.C (monthly) 1,37,500
Total C.T.C (annually) Rs 16,50,000