sir, does anybody tell me formula of computing salary. any attached documen is more prefferd.
From India, Chandigarh
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1From India, Chandigarh
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can any one tell me how to calculate the salary of a person like basic pay hr and other allowances in percentage wise
From India, Hyderabad
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From India, Hyderabad
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Dear Gaurav,
Please find the attachment below for the Salary Structure. Further, if I explain that structure, then I would say that Basic is 50% in Metro Cities and 40% in other cities. However, in metro cities too, sometimes according to companies' policies, Basic can be between 40% to 50%.
In many companies, Medical reimbursement and conveyance are fixed at 1250 and 800 respectively. HRA is always 50% of Basic, and Special Allowance is also 50% of Basic. LTA is always a basic of one month for a year or basic / 12, resulting in one month LTA.
PF is always 12% of Basic. Please refer to the attachment below and go through the formula in the Excel sheet. In most companies, Basic (40% to 50%) is randomly decided to reach a certain CTC as demanded by the candidate.
For example, suppose a candidate asks for a 25000 CTC, then input such an amount in Basic so that the CTC will be 25000 as per the formula in the Excel sheet. I hope this will help you out; it is presented in a very simple form.
From India, Delhi
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Please find the attachment below for the Salary Structure. Further, if I explain that structure, then I would say that Basic is 50% in Metro Cities and 40% in other cities. However, in metro cities too, sometimes according to companies' policies, Basic can be between 40% to 50%.
In many companies, Medical reimbursement and conveyance are fixed at 1250 and 800 respectively. HRA is always 50% of Basic, and Special Allowance is also 50% of Basic. LTA is always a basic of one month for a year or basic / 12, resulting in one month LTA.
PF is always 12% of Basic. Please refer to the attachment below and go through the formula in the Excel sheet. In most companies, Basic (40% to 50%) is randomly decided to reach a certain CTC as demanded by the candidate.
For example, suppose a candidate asks for a 25000 CTC, then input such an amount in Basic so that the CTC will be 25000 as per the formula in the Excel sheet. I hope this will help you out; it is presented in a very simple form.
From India, Delhi
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SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx
SALARY SHEET CALCULATION.xls