Hi, please help me out with the salary break-up and calculation because I am new to the generalist position. This will be more useful for me. I want to know how to calculate the salary (entire payroll process).
Regards,
Asha
From India, Madras
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Regards,
Asha
From India, Madras
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Please tell me what the components in the salary are as per the company policy. If not, then you shall use the below structure:
- Basic: around 50% of the gross (Ensure Basic + DA is not less than per minimum wages)
- HRA: 40-50% on Basic
- Conveyance Allowance: Rs. 800/- PM (Max is Rs. 800/- PM)
- Medical Allowance: Rs. 1250/- PM (Max is Rs. 1250/- PM)
- Special Allowance: (Difference between Gross and the total of other components)
- Deductions as applicable:
- PF
- ESI
- PT
- TDS
- Others
Please review and let me know if you need any further assistance.
Regards,
From India, Bangalore
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653- Basic: around 50% of the gross (Ensure Basic + DA is not less than per minimum wages)
- HRA: 40-50% on Basic
- Conveyance Allowance: Rs. 800/- PM (Max is Rs. 800/- PM)
- Medical Allowance: Rs. 1250/- PM (Max is Rs. 1250/- PM)
- Special Allowance: (Difference between Gross and the total of other components)
- Deductions as applicable:
- PF
- ESI
- PT
- TDS
- Others
Please review and let me know if you need any further assistance.
Regards,
From India, Bangalore
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SALARY SHEET CALCULATION.xls
Salary calculation.doc