Dear All, please let me know what is the breakup for the salary structure like HRA,BASIC,PF,ESIC,BONUS. Preeti
From India, Mumbai
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From India, Mumbai
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Hi Preeti,
The contents of the salary breakup are as follows. You can prepare it according to your own suitability. HRA would be 50 or 60% of the basic salary.
- Basic
- HRA
- TA
- Other Allowance
- Mobile Reimbursement per Month
- Gross Per Month = Sum of all the above
- Gross Per Annum = 12 * Gross/Month
- PF Contribution = 12% of Basic/Annum
- ESI Contribution = 4.75% of Gross/Annum
- Medical: The mediclaim facility is provided to employees who are not covered under ESI, as the maximum ceiling for ESI is 10,000/Month. Amounts exceeding this will be covered under Mediclaim or as per company policy.
- Ex-Gratia/Bonus: A fixed bonus amount
- Annual Fixed Gross Cost = Gross/Annum + Ex-gratia
- Annual Total Cost = AFGC + PF + ESI
- Annual total cost is also referred to as CTC.
I hope this clarifies everything for you. If you have any queries, feel free to ask.
Regards,
Amit Seth
From India, Ahmadabad
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508The contents of the salary breakup are as follows. You can prepare it according to your own suitability. HRA would be 50 or 60% of the basic salary.
- Basic
- HRA
- TA
- Other Allowance
- Mobile Reimbursement per Month
- Gross Per Month = Sum of all the above
- Gross Per Annum = 12 * Gross/Month
- PF Contribution = 12% of Basic/Annum
- ESI Contribution = 4.75% of Gross/Annum
- Medical: The mediclaim facility is provided to employees who are not covered under ESI, as the maximum ceiling for ESI is 10,000/Month. Amounts exceeding this will be covered under Mediclaim or as per company policy.
- Ex-Gratia/Bonus: A fixed bonus amount
- Annual Fixed Gross Cost = Gross/Annum + Ex-gratia
- Annual Total Cost = AFGC + PF + ESI
- Annual total cost is also referred to as CTC.
I hope this clarifies everything for you. If you have any queries, feel free to ask.
Regards,
Amit Seth
From India, Ahmadabad
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