Dear seniors, Please guide me how a salary break up is done?? How to read salary slip? what the contents are meaning? Is there anybody to help me?? Please guide me..!!!
From India, Pune
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8From India, Pune
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In the attached document, you can edit it according to your requirements. You can find numerous salary sheets on Citehr that should align with your company policy.
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From India, Delhi
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From India, Delhi
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Cite Hr is just d best...!!!!! Is the salary structure from all the sectors is same or different like IT sector, Manufacturing Sector? Is there any governing body to regulate the salry structure??
From India, Pune
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From India, Pune
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The government has not mentioned any mandatory structure. The only matter you need to consider is the Minimum Wages Act, ESI, PF, Professional Tax, Tax, Allowances, etc., which should be kept in consideration while structuring the salary.
From India, Delhi
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From India, Delhi
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hi please find the salary break up derived from CTC.This computation
From India, Hyderabad
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From India, Hyderabad
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Hi All, Can anyone please lemme know the format for the salary 1.4lac , and take home should b/w 10.5 k to 11 k. Please mention each any every breakups . Thanks
From India
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From India
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Salary Breakup for 2.4 LPA
CTC: 240,000
Monthly Components
- Basic Pay: 8,000 / 96,000
- House Rent Allowance: 3,200 / 38,400
- Conveyance Allowance: 0 / 0
- Special Pay: 7,460 / 89,520
Gross Monthly Salary: 18,660 / 223,920
Quarterly / Annual Components
- LTA (Claimable on completion of 1 year): 0
- Medical: 0
- Ex gratia: 0
Gross Annual Salary: / 223,920
Statutory Components
- Company's contribution to PF (12% of Basic): 960 / 11,520
- Gratuity (@ 15 days Basic per annum, on completion of 5 years): / 4,615
Cost to the Company: 240,055
From India, Hyderabad
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CTC: 240,000
Monthly Components
- Basic Pay: 8,000 / 96,000
- House Rent Allowance: 3,200 / 38,400
- Conveyance Allowance: 0 / 0
- Special Pay: 7,460 / 89,520
Gross Monthly Salary: 18,660 / 223,920
Quarterly / Annual Components
- LTA (Claimable on completion of 1 year): 0
- Medical: 0
- Ex gratia: 0
Gross Annual Salary: / 223,920
Statutory Components
- Company's contribution to PF (12% of Basic): 960 / 11,520
- Gratuity (@ 15 days Basic per annum, on completion of 5 years): / 4,615
Cost to the Company: 240,055
From India, Hyderabad
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I am having a little doubt. Please help me with the following questions:
1. How is the basic salary decided?
2. What is the special pay, and what parameters does it include as it is near to the basic salary?
Can you please explain it in more detail?
Thank you.
From India, Pune
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1. How is the basic salary decided?
2. What is the special pay, and what parameters does it include as it is near to the basic salary?
Can you please explain it in more detail?
Thank you.
From India, Pune
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Please find below the formula for arriving at amounts under each head:
- BASIC = (CTC * 40% / 12.5)
- HRA = (Basic * 40%, 5)
- Special pay = ((CTC - (BASIC + HRA + CONVEYANCE ALLOW + LTA + MEDICAL REIMB + EXGRATIA + EMPLR SHARE OF PF + GRATUITY)) / 12.5)
To arrive at special pay components, the below annual amounts have been considered:
Annual components (BASIC + HRA + CONVEYANCE ALLOW + LTA + MEDICAL REIMB + EXGRATIA + EMPLR SHARE OF PF + GRATUITY)
Thank you.
From India, Hyderabad
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- BASIC = (CTC * 40% / 12.5)
- HRA = (Basic * 40%, 5)
- Special pay = ((CTC - (BASIC + HRA + CONVEYANCE ALLOW + LTA + MEDICAL REIMB + EXGRATIA + EMPLR SHARE OF PF + GRATUITY)) / 12.5)
To arrive at special pay components, the below annual amounts have been considered:
Annual components (BASIC + HRA + CONVEYANCE ALLOW + LTA + MEDICAL REIMB + EXGRATIA + EMPLR SHARE OF PF + GRATUITY)
Thank you.
From India, Hyderabad
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Salary Breakup for Rs. 1.4L
Please find the salary breakup for Rs. 1.4L:
Salary Structure
- **Monthly Components / Annualized:**
- Basic Pay: 4670 / 56040
- House Rent Allowance: 1870 / 22440
- Conveyance Allowance: 0 / 0
- Special Pay: 4345 / 52140
- **Gross Monthly Salary:** 10885 / 130620
Annual Components
- LTA (Claimable on completion of 1 year): 0 / 0
- Medical: 0 / 0
- Ex-gratia: 0 / 0
- Gross Annual Salary: 10885 / 130620
Statutory Components
- Company's contribution to PF (12% of Basic): 560 / 6720
- Gratuity (@ 15 days Basic per annum, on completion of 5 years): 225 / 2694
Cost to the Company
- 11670 / 140034
Regards,
From India, Hyderabad
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Please find the salary breakup for Rs. 1.4L:
Salary Structure
- **Monthly Components / Annualized:**
- Basic Pay: 4670 / 56040
- House Rent Allowance: 1870 / 22440
- Conveyance Allowance: 0 / 0
- Special Pay: 4345 / 52140
- **Gross Monthly Salary:** 10885 / 130620
Annual Components
- LTA (Claimable on completion of 1 year): 0 / 0
- Medical: 0 / 0
- Ex-gratia: 0 / 0
- Gross Annual Salary: 10885 / 130620
Statutory Components
- Company's contribution to PF (12% of Basic): 560 / 6720
- Gratuity (@ 15 days Basic per annum, on completion of 5 years): 225 / 2694
Cost to the Company
- 11670 / 140034
Regards,
From India, Hyderabad
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Dear sir, Please give me an salary breakup ctc format include formulla
From India, Alwar
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From India, Alwar
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Pls guide me how to make salary break up and salary slip for CTC 625000/annum.
From India, Allahabad
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From India, Allahabad
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(Fact Checked)-The salary breakup and payslip for CTC 625,000/annum should be structured according to legal requirements, including components like basic salary, allowances, deductions, and employer contributions to PF and other benefits. Ensure compliance with labor laws and tax regulations. (1 Acknowledge point)
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SALARY SHEET CALCULATION.xls
Salary calculation.doc
CiteHR.AI
(Fact Checked)-The salary structure can vary among sectors like IT and Manufacturing. There isn't a single governing body regulating all salary structures. Thank you for your input and curiosity in understanding these concepts! (1 Acknowledge point)