Below is the offer breakup that I came across recently. I find it different from the regular one [like basic - 30% of CTC, HRA - 40% on basic, medical, PF - 12%, special allowance], that is followed. Please help me understand if the below-mentioned calculations are as per the compliance followed. This would help someone to make the right decision before he/she jumps & the employer is genuine.
Offer Breakup Details
Basic: 50% of CTC
HRA: 50% of BASIC
Medical: 15000 per annum
Driver (taxable):
Telephone (taxable):
Travel (taxable):
PF: 9360 per annum
Special (taxable): CTC - All of the above
Regards,
Bhagya
From India, Hyderabad
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Offer Breakup Details
Basic: 50% of CTC
HRA: 50% of BASIC
Medical: 15000 per annum
Driver (taxable):
Telephone (taxable):
Travel (taxable):
PF: 9360 per annum
Special (taxable): CTC - All of the above
Regards,
Bhagya
From India, Hyderabad
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Hi Please I need a sample of a payslip with all details and would also like to know how to calculate tax on Basic salary.
From Zimbabwe, Harare
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From Zimbabwe, Harare
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Components of Salary Calculations
Basic: 50% on CTC
HRA: 60% on Basic for metro cities and 50% for other cities
Conveyance Allowance: Rs. 9600/- (Exempted)
Medical Allowance: Rs. 15000/- (Exempted)
LTA: Exempted for the bills you provide; amount varies based on the salary
Special Allowance: (Taxable)
PF: Either 12% on full basic or shall be restricted to 12% on 6500 PM, depending on management.
Regards
From India, Bangalore
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653Basic: 50% on CTC
HRA: 60% on Basic for metro cities and 50% for other cities
Conveyance Allowance: Rs. 9600/- (Exempted)
Medical Allowance: Rs. 15000/- (Exempted)
LTA: Exempted for the bills you provide; amount varies based on the salary
Special Allowance: (Taxable)
PF: Either 12% on full basic or shall be restricted to 12% on 6500 PM, depending on management.
Regards
From India, Bangalore
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SALARY SHEET CALCULATION.xls
Salary calculation.doc