Hai sir, Pls tell me how we should give break up when gross is 7,000 rupees
From India, Tiruchchirappalli
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From India, Tiruchchirappalli
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Hi Nagendra, I have enclosed a sample format for Salary Breakup for you...hope you will work for you.
From India, Gurgaon
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671From India, Gurgaon
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Hi Anil,
The working is simple and fair. However, I would like to bring to your attention that taxes are always applicable as per the Act. Hence, I suggest that we do not provide the PT deduction of Rs. 200 in the salary structure. Instead, it can be factored into basic pay, HRA, or other allowances.
Everything else seems fine.
Nagendra, I also want to inform you that it is imperative for your Basic pay to comply with the Minimum Wages Act of the local State.
From India, Trivandrum
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The working is simple and fair. However, I would like to bring to your attention that taxes are always applicable as per the Act. Hence, I suggest that we do not provide the PT deduction of Rs. 200 in the salary structure. Instead, it can be factored into basic pay, HRA, or other allowances.
Everything else seems fine.
Nagendra, I also want to inform you that it is imperative for your Basic pay to comply with the Minimum Wages Act of the local State.
From India, Trivandrum
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Ok, Mr. Vishwagayathri,
I have enclosed another salary structure for you and Nagendra. I hope this will give you all the answers you are looking for. This is a password-protected file which you can collect from the file name.
From India, Gurgaon
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I have enclosed another salary structure for you and Nagendra. I hope this will give you all the answers you are looking for. This is a password-protected file which you can collect from the file name.
From India, Gurgaon
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Hi Nagendra, I have enclosed Salary Breakup for you. Hope this will work for you, Regards, Deepika
From India, Lucknow
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From India, Lucknow
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It's too easy to calculate a breakup if you know the basic salary of the employee. Then, add all allowances as per the percentage allowed by the company. Alternatively, if you know the Cost to Company (CTC), consider the basic salary as variable "X." Multiply "X" by each percentage and add all components including X to equal the CTC.
For example, let the CTC be 18000 monthly:
- Basic: x
- HRA: 10% of x
- DA: 10% of x
- TA: 5% of x
- PF: 12% of x
- And so on, add in this manner.
Calculate as: 137X/100 = 18000. By solving this equation, you can determine the basic salary and all other amounts. ESIC will be deducted after deducting the EPF contribution from the employee. Subtract the ESIC from the gross salary to get the net salary.
From India, Indore
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For example, let the CTC be 18000 monthly:
- Basic: x
- HRA: 10% of x
- DA: 10% of x
- TA: 5% of x
- PF: 12% of x
- And so on, add in this manner.
Calculate as: 137X/100 = 18000. By solving this equation, you can determine the basic salary and all other amounts. ESIC will be deducted after deducting the EPF contribution from the employee. Subtract the ESIC from the gross salary to get the net salary.
From India, Indore
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Salary breakup format.xls
Salary Breakup Annexure.doc
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(Fact Checked)-[The information provided in the user reply is correct and aligns with tax laws and compliance requirements. Well done! Thank you for sharing your insights.] (1 Acknowledge point)