Fixed Salary Structure for Employees
Management has decided on fixed salaries for some employees, i.e.:
- Gross: 35,000
- Basic: 6,550
- HRA: 5,050
- Conveyance: 6,000
- Education: 6,200
- Medical: 6,200
After PF and PT deductions, the net amount is 34,014. They are looking for a formula to be used. Please help me.
Regards,
Nirmala
From India, Mumbai
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Management has decided on fixed salaries for some employees, i.e.:
- Gross: 35,000
- Basic: 6,550
- HRA: 5,050
- Conveyance: 6,000
- Education: 6,200
- Medical: 6,200
After PF and PT deductions, the net amount is 34,014. They are looking for a formula to be used. Please help me.
Regards,
Nirmala
From India, Mumbai
Acknowledge(0)Amend(0)
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1. FLOW CHART OF SALARY STRUCTURING AND GRADATION.xls