These are the factors: basic — 4000 Hra — -1500 Supp.al — 6500 conv.al — 2500 spl.al — 2500 PF — 500 wat is my take home salary? plz let me know. THANK YOU, tulaci
From India, Hyderabad
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From India, Hyderabad
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Dear Tulaci, Your all Income heads , less PF & P Tax, And your take home salary will be Rs16,520/-
From India, Madras
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19From India, Madras
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Apart from the factors mentioned, there is certain reimbursement (medical - Rs. 800, communication - Rs. 800). Would this be added to my net salary if I claim? Also, there is a bonus of Rs. 800. When is the bonus generally paid, every month? Please clarify.
Thank you,
Tulaci
From India, Hyderabad
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Thank you,
Tulaci
From India, Hyderabad
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As you mentioned, all components will be reimbursed (medical and telephone bills - when you submit your bills, they will be reimbursed), and the bonus will be paid once a year. It will not be considered in the take-home salary and will vary from month to month.
Thank you.
From India, Madras
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Thank you.
From India, Madras
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Dear Mr. Krishna, How the take home salary would be 16,520/- The total salary is 17000/- (Less pf 480 + PT as per state rule) Regards, Dinesh
From India, Wardha
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From India, Wardha
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basic — 4000 Hra — -1500 Supp.al — 6500 conv.al — 2500 spl.al — 2500 PF — 500 wat is my take home salary? plz let me know. THANK YOU, tulaci
From India, Kakinada
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From India, Kakinada
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Dear Ms. Tulaci, Your take-home pay will be your earnings minus your deductions. Deductions vary from company to company. IT deductions will be as per the IT Act, and meal deductions will be as per your company's rules.
Earnings
- Basic: 4000
- HRA: 1500
- Supp: 6500
- Conv: 2500
- Spec.: 2500
- Total: 17000
Deductions
- PF: 480
- Income Tax: as per rules
- Meal deductions: As per Company Rule
Take-Home: 16520
Please deduct the meal amount from the above take-home pay.
Thank you.
From India
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Earnings
- Basic: 4000
- HRA: 1500
- Supp: 6500
- Conv: 2500
- Spec.: 2500
- Total: 17000
Deductions
- PF: 480
- Income Tax: as per rules
- Meal deductions: As per Company Rule
Take-Home: 16520
Please deduct the meal amount from the above take-home pay.
Thank you.
From India
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I don't understand about Basic - 4000?????
If the salary is 17,000/-, it comes to 23.5%.
In my company, the salary structure is as follows: Basic 40% of Gross Salary. On Basic Salary: - HRA 40/50% (according to Non-Metro/Metro city), Education & Children Rem. 30%, Conveyance Rem. 25%, Medical/LTA 8.33%, Performance A - Fixed 10% (Monthly), B. - Variable - 5% (Annually).
Suppose your salary is 34,000, then: Basic - 13,600, HRA - 3,400, Field Allowance - 2,470, Info. Chi Allowance - 2,040, Conveyance - 2,720, Communication - 500, Medical - 1,133, LTA - 1,133, PF - 780, Food Coupon - 500, Special Allowance - 5,724. Deductions are: LTA + PF = 1,913. Cash in Hand: 34,000 - 1,913 = 32,087.
Please comment...
From India, Jaipur
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If the salary is 17,000/-, it comes to 23.5%.
In my company, the salary structure is as follows: Basic 40% of Gross Salary. On Basic Salary: - HRA 40/50% (according to Non-Metro/Metro city), Education & Children Rem. 30%, Conveyance Rem. 25%, Medical/LTA 8.33%, Performance A - Fixed 10% (Monthly), B. - Variable - 5% (Annually).
Suppose your salary is 34,000, then: Basic - 13,600, HRA - 3,400, Field Allowance - 2,470, Info. Chi Allowance - 2,040, Conveyance - 2,720, Communication - 500, Medical - 1,133, LTA - 1,133, PF - 780, Food Coupon - 500, Special Allowance - 5,724. Deductions are: LTA + PF = 1,913. Cash in Hand: 34,000 - 1,913 = 32,087.
Please comment...
From India, Jaipur
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Most companies in India indulge in such practices. They aim to reduce the employer's contribution towards PF. But is it a big deal to have the reduced PF amount by ₹200-₹300? Is this the sole reason for companies to reduce the basic amount?
Regards,
Tulaci
From India, Hyderabad
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Regards,
Tulaci
From India, Hyderabad
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