Hi Plz tell me how to calculate the basic salary. Thank & Regards Prathamesh Chawan
From India, Pune
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From India, Pune
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Basic salary is always calculated on base salary i.e (Gross - PF (Employer’s contribution)) = Base Salary. Basic = 40% of Base Salary. Hope it will help Regards, Priyanka
From India
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From India
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Dear Prathamesh,
The most common method of calculating the salary structure is as follows:
- Rs. 1000.00 monthly salary
- 60% of the salary -- Basic + DA (60% Basic + 40% DA)
- 40% of the salary -- Allowances (HRA - 20% + CCA - 40% + Edu./Traveling/conveyance - 40%) -- earning part 'A'
- Deductions 'B' - 12% EPF (of basic + DA) + 1.75% ESIC (on gross salary/earning part 'A') + Prof. Tax + other deductions
- A - B = Net salary
All the Best.
Expecting more sharing on this issue.
Nitin Parab
9820436383
From India, Mumbai
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6The most common method of calculating the salary structure is as follows:
- Rs. 1000.00 monthly salary
- 60% of the salary -- Basic + DA (60% Basic + 40% DA)
- 40% of the salary -- Allowances (HRA - 20% + CCA - 40% + Edu./Traveling/conveyance - 40%) -- earning part 'A'
- Deductions 'B' - 12% EPF (of basic + DA) + 1.75% ESIC (on gross salary/earning part 'A') + Prof. Tax + other deductions
- A - B = Net salary
All the Best.
Expecting more sharing on this issue.
Nitin Parab
9820436383
From India, Mumbai
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