Hi All, Can anybody please design the break-up details of salary for an employee whose CTC is Rs. 5,40,000 per annum ?
From India, Bangalore
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From India, Bangalore
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Hi, Ms. Sahu,
I am sending you the CTC breakup of the package of 5.4 lacs per annum. In this, you can add other benefits provided by your company like Driver's salary, fuel reimbursements by deducting the amount from the special allowance. This is done in order to save on tax.
SALARY STRUCTURE
NAME: Mr. ABC
ANNUAL COMPENSATION: 540,000.00
COMPONENTS MONTHLY YEARLY
A)
Basic 18,000 216,000
House Rent Allowance 10,800 129,600
Conveyance Allowance 1,500 18,000
Special / Other Allowance 9,200 110,400
TOTAL (A) 39,500 474,000
B) ANNUAL BENEFITS
Bonus/Ex-Gratia 420 5,040
Leave Travel Assistance (LTA) 1,500 18,000
Medical 1,500 18,000
TOTAL (B) 3,420 41,040
C) RETIRAL BENEFITS
PF (Employer Contribution) 2,160 25,920
TOTAL (C) 2,160 25,920
Gross Compensation (A+B+C) 45,080 540,960
Bonus/Ex-Gratia as per company rule
Gratuity as per Act
HR Approval
Thanks,
Shalini Singh
Employee Acceptance
From India, Delhi
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I am sending you the CTC breakup of the package of 5.4 lacs per annum. In this, you can add other benefits provided by your company like Driver's salary, fuel reimbursements by deducting the amount from the special allowance. This is done in order to save on tax.
SALARY STRUCTURE
NAME: Mr. ABC
ANNUAL COMPENSATION: 540,000.00
COMPONENTS MONTHLY YEARLY
A)
Basic 18,000 216,000
House Rent Allowance 10,800 129,600
Conveyance Allowance 1,500 18,000
Special / Other Allowance 9,200 110,400
TOTAL (A) 39,500 474,000
B) ANNUAL BENEFITS
Bonus/Ex-Gratia 420 5,040
Leave Travel Assistance (LTA) 1,500 18,000
Medical 1,500 18,000
TOTAL (B) 3,420 41,040
C) RETIRAL BENEFITS
PF (Employer Contribution) 2,160 25,920
TOTAL (C) 2,160 25,920
Gross Compensation (A+B+C) 45,080 540,960
Bonus/Ex-Gratia as per company rule
Gratuity as per Act
HR Approval
Thanks,
Shalini Singh
Employee Acceptance
From India, Delhi
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CTC-Salary Break Up.pdf
Salary less tax - CTC.xls