Hi Friends,
I want to prepare a payslip for 30,000/- per month. If we take the basic around 11,000, how much HRA, PF, conveyance, special allowances, medical allowance, and professional tax should be included? Can anyone please help me out?
Thank you & Regards,
Sudha
From South Africa, Edenvale
Acknowledge(0)
Amend(0)
I want to prepare a payslip for 30,000/- per month. If we take the basic around 11,000, how much HRA, PF, conveyance, special allowances, medical allowance, and professional tax should be included? Can anyone please help me out?
Thank you & Regards,
Sudha
From South Africa, Edenvale
Acknowledge(0)Amend(0)
Salary Structure Decision
First of all, you need to decide whether you will work on the CTC Concept or Gross concept. Based on that decision, you should have a policy stating that 30% of CTC/Gross shall be allocated to the Basic salary. Additionally, 40% of the Basic salary should be allocated to HRA, with a fixed amount of Rs. 800/- as per income tax rules. Medical allowances can be set at Rs. 1250 per month. The remaining allowance can be termed as a special allowance or other allowance.
PF should be calculated at 12% of the basic salary drawn as per statute, and the professional tax should be in accordance with the state government gazette.
Regards,
Viswanath
[Phone Number Removed For Privacy Reasons]
From India, Bangalore
Acknowledge(0)Amend(0)
First of all, you need to decide whether you will work on the CTC Concept or Gross concept. Based on that decision, you should have a policy stating that 30% of CTC/Gross shall be allocated to the Basic salary. Additionally, 40% of the Basic salary should be allocated to HRA, with a fixed amount of Rs. 800/- as per income tax rules. Medical allowances can be set at Rs. 1250 per month. The remaining allowance can be termed as a special allowance or other allowance.
PF should be calculated at 12% of the basic salary drawn as per statute, and the professional tax should be in accordance with the state government gazette.
Regards,
Viswanath
[Phone Number Removed For Privacy Reasons]
From India, Bangalore
Acknowledge(0)Amend(0)
Dear chavakrishnasudha,
Why do you want to prepare a 'single' payslip with "basic around 11000" and "for 30000/- per month"? Unless you disclose the purpose and background of the matter, it would be difficult to get appropriate suggestions.
Regards.
From India, Delhi
Acknowledge(0)Amend(0)
1446Why do you want to prepare a 'single' payslip with "basic around 11000" and "for 30000/- per month"? Unless you disclose the purpose and background of the matter, it would be difficult to get appropriate suggestions.
Regards.
From India, Delhi
Acknowledge(0)Amend(0)
Hi Raj, Thank u so much for ur reply actually i want to prepare a pay slip for 30000/-per month basic 11000 is not compulsary,just i gave an example thats it
From South Africa, Edenvale
Acknowledge(0)Amend(0)
From South Africa, Edenvale
Acknowledge(0)Amend(0)
Hi, I am into Recruitments HR Department. I want to know the Volume Hiring Stragety Plan and process for Huge organizations. Please help me out? Thanks, Venkat.S
From India, Hyderabad
Acknowledge(0)Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
[QUOTE=nishantk1;1190864]Why explain via email? Please post the answer here so all of us can benefit from the knowledge.
Hi, sorry Nishant. Actually, I am new to this site and I am not understanding how to use it. I just want to know how to prepare a payslip. Raj sent a reply, but I didn't get a proper answer, so I want to understand it clearly. That's why I asked him to add me so that I can ask my doubts. Thank you. Krishna
From South Africa, Edenvale
Acknowledge(0)Amend(0)
Hi, sorry Nishant. Actually, I am new to this site and I am not understanding how to use it. I just want to know how to prepare a payslip. Raj sent a reply, but I didn't get a proper answer, so I want to understand it clearly. That's why I asked him to add me so that I can ask my doubts. Thank you. Krishna
From South Africa, Edenvale
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Income Tax Return preparation of Employees For FY 2010-2011.xls
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf