Hello all,
I am Divya Anand, working as a Senior HR Executive in Karvy. Can anyone tell me how to make a salary breakup? If someone is getting 18050 (monthly CTC), what is the percentage of the salary breakup for the below-mentioned headings?
1) Basic
2) HRA
3) Conveyance
4) Special Allowances
5) Medical
6) Ex-gratia
Kindly help to revert.
Thanks & Regards,
Divya
From India, Delhi
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I am Divya Anand, working as a Senior HR Executive in Karvy. Can anyone tell me how to make a salary breakup? If someone is getting 18050 (monthly CTC), what is the percentage of the salary breakup for the below-mentioned headings?
1) Basic
2) HRA
3) Conveyance
4) Special Allowances
5) Medical
6) Ex-gratia
Kindly help to revert.
Thanks & Regards,
Divya
From India, Delhi
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Salary Breakup Calculation
We can answer this question as 50% of the total salary is treated as Basic + DA by PF enforcement officers. So, in no case can it be less than that.
HRA Calculation
HRA can be taken in line with Income Tax up to 50% of Basic + DA if in a metropolis; in other cases, 40% of Basic + DA.
Transport Allowance
After this comes the transport allowance in Income Tax; it is allowed up to Rs 1600 per month.
So your distribution can be: Rs 18050 x 50% = Rs 9025 is Basic + DA, Rs 9025 x 50% = Rs 4512 is HRA, Rs 1600 is transport. The rest you can divide according to your convenience. Contact us at [Email Removed For Privacy Reasons] for a detailed answer.
From India, Kolkata
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180We can answer this question as 50% of the total salary is treated as Basic + DA by PF enforcement officers. So, in no case can it be less than that.
HRA Calculation
HRA can be taken in line with Income Tax up to 50% of Basic + DA if in a metropolis; in other cases, 40% of Basic + DA.
Transport Allowance
After this comes the transport allowance in Income Tax; it is allowed up to Rs 1600 per month.
So your distribution can be: Rs 18050 x 50% = Rs 9025 is Basic + DA, Rs 9025 x 50% = Rs 4512 is HRA, Rs 1600 is transport. The rest you can divide according to your convenience. Contact us at [Email Removed For Privacy Reasons] for a detailed answer.
From India, Kolkata
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Please remove Medical & Ex Gratia Components.
Employees whose Gross Salary is below Rs21,000/- come under the purview of ESI Act, 1948 & The Payment of Bonus Act, 1965.
Please find out the Minimum Wages applicable to your establishment to determine Basic & DA. Anything paid above the minimum wages can be put into other components.
From India, New Delhi
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Employees whose Gross Salary is below Rs21,000/- come under the purview of ESI Act, 1948 & The Payment of Bonus Act, 1965.
Please find out the Minimum Wages applicable to your establishment to determine Basic & DA. Anything paid above the minimum wages can be put into other components.
From India, New Delhi
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Please find out what your minimum wages are for your zone. Accordingly, you can break up the salary to acquire CTC as follows:
1. Basic
2. Special allowance (DA)
3. HRA 10% or as prevailing in your zone
4. PF 13.36% of basic + DA
5. ESI 4.75% of gross salary (basic + DA + HRA + traveling allowance)
6. Bonus 8.33% of basic + DA
7. Leave salary 4.81% of basic + DA + HRA
8. Gratuity 5% of basic + DA + HRA
9. LWF 6 Rs
10. Paid holiday 1.3% of basic + DA + HRA
Thank you.
From India, Pune
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1. Basic
2. Special allowance (DA)
3. HRA 10% or as prevailing in your zone
4. PF 13.36% of basic + DA
5. ESI 4.75% of gross salary (basic + DA + HRA + traveling allowance)
6. Bonus 8.33% of basic + DA
7. Leave salary 4.81% of basic + DA + HRA
8. Gratuity 5% of basic + DA + HRA
9. LWF 6 Rs
10. Paid holiday 1.3% of basic + DA + HRA
Thank you.
From India, Pune
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SALARY SHEET CALCULATION.xls
Salary calculation.doc