Hi every one! Kindly suggest the formula to find the gross salary & other statutory deductions if the take-home amount is only confirmed. Regards
From India, Ranchi
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1From India, Ranchi
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Can you tell me what is the take home amount. And also the Statutory Compliance Components to be considered.
From India, Mumbai
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From India, Mumbai
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Sure. There is two cases for Rs.7k & 12k as take-home salary. And, deductions have to made basically for PF, ESI and PT.
From India, Ranchi
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From India, Ranchi
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Please refer to the below salary structure for an in-hand amount of 7k. The total gross amount to be offered is 8000/-, and the CTC is 9040. In case of any further clarification, please revert.
Total Monthly Gross: 8000
Components:
- Basic: 5500
- HRA: 2500
Deductions:
- PF (Employee): 660
- ESIC (Employee): 140
- PT (As applicable): 200
Additional Contribution:
- PF (Employer): 660
- ESIC (Employer): 380
Total CTC: 9040
In-hand Salary: 7000
Regards,
Roopa
From India, Faridabad
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Total Monthly Gross: 8000
Components:
- Basic: 5500
- HRA: 2500
Deductions:
- PF (Employee): 660
- ESIC (Employee): 140
- PT (As applicable): 200
Additional Contribution:
- PF (Employer): 660
- ESIC (Employer): 380
Total CTC: 9040
In-hand Salary: 7000
Regards,
Roopa
From India, Faridabad
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Hi, As requested please find the CTC Calculation for 7K and 12K Let me know if further assistance required.
From India, Mumbai
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From India, Mumbai
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Nice Suggestion. But want to know excel formula sheet. So that all the related fragments came out thrg a single button when the known take-home amount will fit in it. Regards
From India, Ranchi
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From India, Ranchi
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If the take-home salary is Rs. 7000, in that case, the salary would be like this:
Salary Breakdown
- Basic: Rs. 3500 (50%)
- HRA: Rs. 700 (20%)
- Travel: Rs. 800
- Special Allowance: Rs. 2000
- Gross Salary: Rs. 7000
Deductions
- PF (12%): Rs. 420
- ESI (1.75%): Rs. 122
- Total Deductions: Rs. 542
Cost to Company (CTC) Calculation
The cost to the company would be calculated annually as follows:
- Basic: Rs. 42,000
- HRA: Rs. 8,400
- Travel: Rs. 9,600
- Special Allowance: Rs. 24,000
- PF (12%): Rs. 5,040
- ESI (4.75%): Rs. 3,996
- Total CTC: Rs. 93,036
From India, Pune
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Salary Breakdown
- Basic: Rs. 3500 (50%)
- HRA: Rs. 700 (20%)
- Travel: Rs. 800
- Special Allowance: Rs. 2000
- Gross Salary: Rs. 7000
Deductions
- PF (12%): Rs. 420
- ESI (1.75%): Rs. 122
- Total Deductions: Rs. 542
Cost to Company (CTC) Calculation
The cost to the company would be calculated annually as follows:
- Basic: Rs. 42,000
- HRA: Rs. 8,400
- Travel: Rs. 9,600
- Special Allowance: Rs. 24,000
- PF (12%): Rs. 5,040
- ESI (4.75%): Rs. 3,996
- Total CTC: Rs. 93,036
From India, Pune
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Creating a Competitive Salary Structure.doc
Salary Structure.zip