Hi, Can any one help me how to calculate basic salary from gross salary. Is there an specific percentage is to be counted.
From India, Bangalore
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From India, Bangalore
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Plz some one help me how can i draw the salary with all deduction and what is the percentage of . S the percentage drwn by basic or gross salary plz help me ......i m working with ssi, plz send me
From India, Indore
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From India, Indore
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Plz some one help me how can i draw the salary with all deduction and what is the percentage of . S the percentage drwn by basic or gross salary plz help me ......i m working with ssi,
From India, Indore
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From India, Indore
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It is app. 40% of gross. The employees will be getting benefit if the basic is more as the contribution towards PF will also be more. pon
From India, Lucknow
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616From India, Lucknow
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Hello Gross Salary-COLA *COLA is Casual of Living Allownce then Gross Salary / 1.65 Example: 10000-400=9600 9600/1.65=5818.18 5818 is basic salary Shahzaib Khan
From Pakistan, Karachi
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From Pakistan, Karachi
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Calculating Basic Salary from Gross Salary
For basic salary, we need to subtract all fixed allowances or COLA from the gross salary and then multiply the remaining figure by 1.55 or 1.65, depending on the percentage of house rent.
Example Calculation
- Gross Salary: 15,000/=
- COLA or Fixed Allowance: Rs. 450/=
15,000 - 450 = 14,550
14,550 / 1.55 or 1.65 = 9,387/8,818 is the basic salary
Regards,
Irfan Shabbir
From Pakistan, Lahore
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For basic salary, we need to subtract all fixed allowances or COLA from the gross salary and then multiply the remaining figure by 1.55 or 1.65, depending on the percentage of house rent.
Example Calculation
- Gross Salary: 15,000/=
- COLA or Fixed Allowance: Rs. 450/=
15,000 - 450 = 14,550
14,550 / 1.55 or 1.65 = 9,387/8,818 is the basic salary
Regards,
Irfan Shabbir
From Pakistan, Lahore
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Calculating Basic Salary from Gross Salary
There is no basic rule to calculate the basic salary. If you increase the basic salary, employees will receive less take-home pay, so try to adjust accordingly. Create an Excel sheet with a formula and then calculate using it; this will provide you with a clear picture. In my organization, it is set at 20% of your gross salary.
Regards,
Meena
From India, Mumbai
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There is no basic rule to calculate the basic salary. If you increase the basic salary, employees will receive less take-home pay, so try to adjust accordingly. Create an Excel sheet with a formula and then calculate using it; this will provide you with a clear picture. In my organization, it is set at 20% of your gross salary.
Regards,
Meena
From India, Mumbai
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According to our company, the basic salary is 60% of the gross salary, HRA is 20%, and other allowances are 20%.
For example, if the gross salary is 7000/-, then the breakdown is as follows:
- Basic: 60% of gross = 4200
- HRA: 20% of gross = 1400
- Other Allowances: 20% of gross = 1400
If there are any mistakes here, please provide some details.
Thanks & Regards
From India, Hyderabad
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For example, if the gross salary is 7000/-, then the breakdown is as follows:
- Basic: 60% of gross = 4200
- HRA: 20% of gross = 1400
- Other Allowances: 20% of gross = 1400
If there are any mistakes here, please provide some details.
Thanks & Regards
From India, Hyderabad
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hi all i have a query recently i am verifying a payslip in that gross salary is 50000 but the amount they mentioned in Basic salary is 22250 what is the percentage they calculated as basic
From India, Hyderabad
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From India, Hyderabad
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SALARY SHEET CALCULATION.xls
Salary calculation.doc