Hi, for many days, I have been researching "how to make a salary break-up." I have created a CTC break-up of 20,833/-. I am seeking assistance or guidance to ensure its accuracy as this is my first time. I appreciate any help or advice provided. Thank you in advance.
Regards,
Shilpa
From India, Mumbai
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1Regards,
Shilpa
From India, Mumbai
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Shilpa, You don’t need to include PT in CTC. Again instead of education, you shall have "Perquisites", which will help you for Tax benefits.
From India, Bangalore
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From India, Bangalore
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I have added Gross + Employer deduction, not PT. So, isn't it right? And a few queries. When someone makes a salary breakup for any new joinee or employee, what do they consider in mind or as a benchmark to calculate the salary CTC, GROSS, or TAKE HOME? Because if it's Gross, then the calculation is different as related to CTC. Isn't it?
Thanks
From India, Mumbai
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Thanks
From India, Mumbai
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Is it Compulsory to Make Basic as 50% of Gross Salary?
Is it compulsory to make the basic salary 50% of the gross salary and HRA 40% of the basic? Can you please tell me which parameters you have considered? I also need to make a salary slip for 20K.
Thanks and Regards,
Varsharani
HR
From India, Pune
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Is it compulsory to make the basic salary 50% of the gross salary and HRA 40% of the basic? Can you please tell me which parameters you have considered? I also need to make a salary slip for 20K.
Thanks and Regards,
Varsharani
HR
From India, Pune
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See the attached file for the CTC of 20,833. Try more options at the provided weblink: https://sites.google.com/a/macros/ra...fKsS6maZkJ7-1f
From India, Gurgaon
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From India, Gurgaon
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Dear Indira, thank you for your reply. I considered it as 780/- because I thought if the PF deduction on basic (i.e., 12%) is above 1000 or 1200, we consider it as 780/-. This is what I have been told by my senior. Kindly tell me, do we have to consider any particular amount if the PF deduction amount is high.
Regards,
Shilpa
From India, Mumbai
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Regards,
Shilpa
From India, Mumbai
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How do you calculate HRA as 40% of the basic when the maximum HRA is only 30% of the basic in X category or metro cities? There is no maximum limit on the conveyance allowance; you can even provide 1500 as conveyance allowance, but only 800 is exempt for tax purposes. The PF percentage depends on the trust; if it is EPF, then the employee contributes 12% and the employer contributes 13.68% or something similar. For a private trust, it can be 10% for both the employer and the employee.
From India, Madras
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From India, Madras
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
SALARY SHEET CALCULATION.xls
Employee Benefits.doc