Hello everyone,
I wanted to know how the salary breakup is done. Is it based on a fixed percentage for the salary breakup? If so, please explain the criteria for the salary breakup.
Thank you,
somasyam
From India, Hyderabad
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I wanted to know how the salary breakup is done. Is it based on a fixed percentage for the salary breakup? If so, please explain the criteria for the salary breakup.
Thank you,
somasyam
From India, Hyderabad
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Hi i want to know about how to form the salary break and what is the percentage professional tax, how to form that can hep me some one to clarify it Thanks Ravi MBA student
From India, Madras
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1From India, Madras
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Understanding Salary Structure
Actually, there is no fixed structure as per the government norms. All companies have their own structure according to their suitability. There is no percentage of basic and other components. Only minimum wages should be considered for the statutory requirement. Never be confused.
Regards
From India, New Delhi
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Actually, there is no fixed structure as per the government norms. All companies have their own structure according to their suitability. There is no percentage of basic and other components. Only minimum wages should be considered for the statutory requirement. Never be confused.
Regards
From India, New Delhi
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Request for Salary Breakup Guidance and Appointment Letter Draft
We are a Pvt. Ltd. company employee in Gujarat state. Please guide me with a salary break sheet with Excel formulas as per Income Tax rules. Also, which deductions are allowed in salary income? I need an appointment letter draft and the rules and regulations to keep in mind when joining a new company.
Your guidance will be of great help to me. Thank you in advance.
Regards,
rdpatil
From India, Mumbai
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We are a Pvt. Ltd. company employee in Gujarat state. Please guide me with a salary break sheet with Excel formulas as per Income Tax rules. Also, which deductions are allowed in salary income? I need an appointment letter draft and the rules and regulations to keep in mind when joining a new company.
Your guidance will be of great help to me. Thank you in advance.
Regards,
rdpatil
From India, Mumbai
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The salary breakup should be compiled as per the law (IT Act, minimum wages according to state government structure). That's all. Other components are based on their company norms. However, the basic salary and DA should not be less than 50% of the gross salary.
Regards,
Murugesan
[Phone Number Removed For Privacy Reasons]
From India, Madras
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Regards,
Murugesan
[Phone Number Removed For Privacy Reasons]
From India, Madras
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SALARY CALCULATOR & INCOME TAX.zip
Income tax declaration & Salary structre 2012-13.xls