Hi Anchal-Gupta, Distributing your salary involves considering various components, such as basic pay, allowances, and deductions. In your case, it seems like you have a basic pay of 11,735 per month, a total pay of 19,558, and a deduction of 1,408 for Provident Fund (PF).
Basic Pay
This is typically a fixed portion of your salary and is used as the basis for calculating various allowances and deductions. In your case, it's 11,735 per month.
Allowances
If there are other allowances in your salary, you can allocate them accordingly. For the sake of simplicity, let's assume there are no other specific allowances mentioned.
Provident Fund (PF)
This is a deduction, and in your case, it's 1,408 per month.
Now, let's calculate the remaining amount after deducting PF from the total pay: Total Pay - PF Deduction = 19,558 - 1,408 = 18,150
Now, you can distribute this remaining amount among various components like House Rent Allowance (HRA), Special Allowance, and other applicable allowances. If your company has a standard structure or percentage allocation, you may want to follow that. Otherwise, you can allocate based on your specific needs and considerations.
Also, tax implications might play a role in your salary structure. It's advisable to consult with your company's HR department or a financial advisor to ensure that your salary distribution aligns with legal and financial guidelines.
Thanks