Rs.4410 – Rs.13210 + DA, HRA, CCA, Conveyance Allowance. Gratuity, Pension, LFC, Medical Aid etc can anybody explain me this break up and mention what is the exact salary for one month
From India, Mumbai
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From India, Mumbai
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Salary Breakup Explanation
Salary breakup depends upon the company. Normally, the basic salary will be 50% of the gross salary, and DA is fixed by the government. HRA is 50% of the basic. The rest can be calculated according to the gross salary.
For example, if the gross salary is 15,000:
- Basic: 7,500
- HRA: 3,750
- Conveyance: 800
- Medical Allowance: 1,500
- Other Allowances: 1,450
Like this...
Thanks & Regards,
Raghavendra
HR Executive
Rmanashree Group of Hotels & Resorts, Bangalore
[Phone Number Removed For Privacy Reasons]
From India, Bangalore
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Salary breakup depends upon the company. Normally, the basic salary will be 50% of the gross salary, and DA is fixed by the government. HRA is 50% of the basic. The rest can be calculated according to the gross salary.
For example, if the gross salary is 15,000:
- Basic: 7,500
- HRA: 3,750
- Conveyance: 800
- Medical Allowance: 1,500
- Other Allowances: 1,450
Like this...
Thanks & Regards,
Raghavendra
HR Executive
Rmanashree Group of Hotels & Resorts, Bangalore
[Phone Number Removed For Privacy Reasons]
From India, Bangalore
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Standard Salary Structure
Considering an annual CTC of 6 Lakh:
- Basic Salary: 30% of CTC = 1.80 Lakh
- HRA: 60% of Basic = 1.08 Lakh
- PF: 12% of Basic = 18,600
- Gratuity: 4.81% of Basic = around 8,000 (please do the exact calculation)
- Medical: 15,000 standard per annum
- Travel Allowance: 9,600 per annum
- The rest of the remaining amount goes into DA, city allowance, or executive pay, according to the organization's policy.
- Taxes: Standard deductions like 80C, 80CCC, 80D, 80GG, etc.
Experts, please guide...
Regards,
Team Innovations
From India, Pune
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Considering an annual CTC of 6 Lakh:
- Basic Salary: 30% of CTC = 1.80 Lakh
- HRA: 60% of Basic = 1.08 Lakh
- PF: 12% of Basic = 18,600
- Gratuity: 4.81% of Basic = around 8,000 (please do the exact calculation)
- Medical: 15,000 standard per annum
- Travel Allowance: 9,600 per annum
- The rest of the remaining amount goes into DA, city allowance, or executive pay, according to the organization's policy.
- Taxes: Standard deductions like 80C, 80CCC, 80D, 80GG, etc.
Experts, please guide...
Regards,
Team Innovations
From India, Pune
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Salary Breakdown Based on Annual CTC
Salary breakdown always depends upon the annual CTC:
- Basic + DA = 20%-40%
- HRA = 40% non-metro city, 50% metro city
- Medical allowance = 15000 (slab) or ESIC 1.75% on basic
- T.A = 9600
- LTA = 5-10% on CTC
- Sodexo meal voucher = 1000
- BONUS = 8.33% of B + DA
- Gratuity = 4.82% on B + DA
- Other allowances = Total CTC - Total salary breakdown.
Thank you and regards,
Vivek Bhardwaj
From India, Delhi
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1Salary breakdown always depends upon the annual CTC:
- Basic + DA = 20%-40%
- HRA = 40% non-metro city, 50% metro city
- Medical allowance = 15000 (slab) or ESIC 1.75% on basic
- T.A = 9600
- LTA = 5-10% on CTC
- Sodexo meal voucher = 1000
- BONUS = 8.33% of B + DA
- Gratuity = 4.82% on B + DA
- Other allowances = Total CTC - Total salary breakdown.
Thank you and regards,
Vivek Bhardwaj
From India, Delhi
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Besides Basic + DA at 60%, the other components can be as follows:
- HRA = 40% of basic
- Medical = $1250 per month
- Conveyance = $9600
- Performance allowance fixed
- Special allowance
- LTA = 10% of basic salary
- PF at 12.24% of basic
- Gratuity at 4.81%
- Education allowance
- ESI at 6.75%
- Bonus at 8.33% = 1 month basic salary paid annually
After adding all the components, the balance of the agreed CTC goes to special allowance.
From India, Delhi
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- HRA = 40% of basic
- Medical = $1250 per month
- Conveyance = $9600
- Performance allowance fixed
- Special allowance
- LTA = 10% of basic salary
- PF at 12.24% of basic
- Gratuity at 4.81%
- Education allowance
- ESI at 6.75%
- Bonus at 8.33% = 1 month basic salary paid annually
After adding all the components, the balance of the agreed CTC goes to special allowance.
From India, Delhi
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Logic is very simple. As per the act, gratuity is payable on 15 days of basic pay after the completion of five years of service. For example, basic/26 * 15 as per the act. If you multiply 4.81% in basic, the same amount will come. I think now you're clear.
Regards,
Dev
From India, Gurgaon
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Regards,
Dev
From India, Gurgaon
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