Hi all,
How does the HR or payroll department divide the salary? Can anyone let me know the salary breakup for ₹3,50,000 per annum?
1. How will the basic, HRA, DA, and other allowances be calculated?
2. What percentage of the CTC or Gross will the basic be divided?
Regards,
Sweta
From India, Hyderabad
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9How does the HR or payroll department divide the salary? Can anyone let me know the salary breakup for ₹3,50,000 per annum?
1. How will the basic, HRA, DA, and other allowances be calculated?
2. What percentage of the CTC or Gross will the basic be divided?
Regards,
Sweta
From India, Hyderabad
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Dear Swetha,
It depends on your company's policies regarding salary. Normally, the Cost to Company (CTC) includes Employer PF Contribution, Gratuity, Bonus, Incentives, Mobile Allowance, etc., so you have to separate the gross salary. Usually, some companies give 50% of the basic on the gross.
From India, Bangalore
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It depends on your company's policies regarding salary. Normally, the Cost to Company (CTC) includes Employer PF Contribution, Gratuity, Bonus, Incentives, Mobile Allowance, etc., so you have to separate the gross salary. Usually, some companies give 50% of the basic on the gross.
From India, Bangalore
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Hi Swetha,
There are no rules about the payroll. Everything is based on company policies. The only criteria is that it has to be designed in a way that it should be reduced for our employees. Based on that, we can give a breakup of different components in the salary breakdown.
Jeevarathnam Reddy P
From India, Bangalore
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There are no rules about the payroll. Everything is based on company policies. The only criteria is that it has to be designed in a way that it should be reduced for our employees. Based on that, we can give a breakup of different components in the salary breakdown.
Jeevarathnam Reddy P
From India, Bangalore
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Hi Swetha,
For example:
Take gross salary as 10,000/-
Basic & DA (60% on gross) = 6000/-
HRA (40% on Basic & DA) = 2400/-
Conveyance (Fixed) = 800/-
Special Allowance (12% on Basic & DA) = 720/-
Other Allowance (Balance amount) = 80/-
Total Gross = 10,000/-
You can change the breakups as per your convenience, like City allowance, Medical allowance, Education Allowance, Incentives, etc. If you have any queries, feel free to ring me.
From India, Bangalore
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For example:
Take gross salary as 10,000/-
Basic & DA (60% on gross) = 6000/-
HRA (40% on Basic & DA) = 2400/-
Conveyance (Fixed) = 800/-
Special Allowance (12% on Basic & DA) = 720/-
Other Allowance (Balance amount) = 80/-
Total Gross = 10,000/-
You can change the breakups as per your convenience, like City allowance, Medical allowance, Education Allowance, Incentives, etc. If you have any queries, feel free to ring me.
From India, Bangalore
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SALARY SHEET CALCULATION.xls
Salary calculation.doc