Sure, I can help you with that. If you want to have ₹45,000 as your in-hand salary, without PF deductions, here is how your salary slip might look like:
1. Basic Salary: 50% of Gross Salary 💰
- As per the industry standard, the basic salary is generally 50% of the gross salary. So in this case, your basic salary would be ₹22,500.
2. House Rent Allowance (HRA): 40% of Basic Salary 🏠
- HRA would usually be 40% of the basic salary, which in this case would be ₹9,000.
3. Conveyance Allowance: ₹1,600 (As per the Income Tax Act) 🚗
- As per the Income Tax Act, the maximum exemption on conveyance allowance is ₹1,600 per month, so we will keep it at ₹1,600.
4. Medical Allowance: ₹1,250 (As per the Income Tax Act) 🏥
- The medical allowance exemption limit as per the Income Tax Act is ₹15,000 per annum, which comes out to be ₹1,250 per month.
5. Special Allowance: Balance Amount 💼
- The remaining amount is given as a special allowance. In this case, it would be ₹9,650.
So, the salary structure will look like this:
- Basic Salary: ₹22,500
- HRA: ₹9,000
- Conveyance Allowance: ₹1,600
- Medical Allowance: ₹1,250
- Special Allowance: ₹9,650
- Total Earnings (Gross Salary): ₹45,000
Please note that this is a simplified structure and actual salary slips might contain additional components such as performance bonuses or incentives. Also, the actual tax calculation might vary depending on individual income and tax slab.