How should an employee's salary be calculated?
On what basis should we calculate HRA and other allowances?
How do we deduct and add PF and ESI contributions?
How do we calculate Gross Salary and Annual Salary?
How do we measure CTC?
Can I expect any salary structures from our buddies? Can anyone help me regarding this issue? :(
Regards,
Sweety :) :)
From India, Coimbatore
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2On what basis should we calculate HRA and other allowances?
How do we deduct and add PF and ESI contributions?
How do we calculate Gross Salary and Annual Salary?
How do we measure CTC?
Can I expect any salary structures from our buddies? Can anyone help me regarding this issue? :(
Regards,
Sweety :) :)
From India, Coimbatore
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Maybe this salary break up calculator can help........i downloaded this calculator from cite hr only....... hope u find it useful.. Arpita
From India, Delhi
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From India, Delhi
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Hi Sweety,
You will get a plethora of material on this from CiteHR. Just try to check the quick search option or go to downloads and enter the specific search. I bet that you'll get very relevant material. 😉😉😉
From India, Delhi
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You will get a plethora of material on this from CiteHR. Just try to check the quick search option or go to downloads and enter the specific search. I bet that you'll get very relevant material. 😉😉😉
From India, Delhi
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Sushmita is right. Whenever you ask any question, try to search for it before. I hope all your queries will already be solved beforehand by someone else. Try to find it in the search option, type "salary slip," and you will get your answer. If you fail to find it, then put your question forward.
I hope you get my point.
Thanks
Regards
Ritcha
From India, Calcutta
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I hope you get my point.
Thanks
Regards
Ritcha
From India, Calcutta
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can any body explain how to develop payroll by using excel and how to connect the data from one sheet from another pls send the formulas
From India, Hyderabad
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From India, Hyderabad
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Pointers to Salary Calculation Queries
- How Should an Employee's Salary Be Calculated?
Employee salary is a collection of salary components that include earnings as well as deductions. Earnings could be Basic, HRA, LTA, Medical Allowance, Performance Bonus, etc. Deductions could include EPF, Taxes, Insurance, etc.
- How to Measure CTC?
The sum of all the above components is CTC (Cost-to-Company).
- On What Basis Should We Calculate HRA and Other Allowances?
Usually, Basic is calculated as 40% or 50% of CTC, and HRA is calculated as 50% of Basic.
For other questions, it is better to utilize an online Payroll Management System. Working on manual Excel sheets is always prone to mistakes. Consider using FastCollab | Marketplace | All-In-One Platform. It also offers an Employee Self Service login for collecting:
1. IT Declaration & investment proofs
2. Bank Details
3. Creating any kind of salary structures
4. Generating payslips online
Regards
From India, Hyderabad
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- How Should an Employee's Salary Be Calculated?
Employee salary is a collection of salary components that include earnings as well as deductions. Earnings could be Basic, HRA, LTA, Medical Allowance, Performance Bonus, etc. Deductions could include EPF, Taxes, Insurance, etc.
- How to Measure CTC?
The sum of all the above components is CTC (Cost-to-Company).
- On What Basis Should We Calculate HRA and Other Allowances?
Usually, Basic is calculated as 40% or 50% of CTC, and HRA is calculated as 50% of Basic.
For other questions, it is better to utilize an online Payroll Management System. Working on manual Excel sheets is always prone to mistakes. Consider using FastCollab | Marketplace | All-In-One Platform. It also offers an Employee Self Service login for collecting:
1. IT Declaration & investment proofs
2. Bank Details
3. Creating any kind of salary structures
4. Generating payslips online
Regards
From India, Hyderabad
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.
Excel Payroll Administration. Xls