Basic Salary - 9500 HRA - 475 (5%) PF - 780 (0n 6500) ESI - 180 Bonus- 700 monthly Please tell me CTC calculation & breakup Sonali
From India, Pune
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1From India, Pune
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CTC is normally calculated on the following basis:
If Gross is 10000/-, then the ratio is as follows:
- Basic: 40% of Gross, i.e., 4000
- DA: 20% of Basic, i.e., 2000
- CCA: 20% of Basic, i.e., 2000
- HRA: 10% of DA, i.e., 1000
- TPT: 10% of DA limited to 1000
JAIKISHEN KUMTEKAR
9967542262
From India, Mumbai
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If Gross is 10000/-, then the ratio is as follows:
- Basic: 40% of Gross, i.e., 4000
- DA: 20% of Basic, i.e., 2000
- CCA: 20% of Basic, i.e., 2000
- HRA: 10% of DA, i.e., 1000
- TPT: 10% of DA limited to 1000
JAIKISHEN KUMTEKAR
9967542262
From India, Mumbai
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CTC means - Cost to company, which includes all the costs associated with a position.
To arrive at the CTC, you will need to add up all the costs like - Gross Salary + Benefits (Medical + LTA + PF + Gratuity accruals + other benefits if any) + Bonus + Incentives. In case of a new hire, the cost to the company will also include recruitment costs along with the above.
Regards,
From United Arab Emirates, Abu Dhabi
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To arrive at the CTC, you will need to add up all the costs like - Gross Salary + Benefits (Medical + LTA + PF + Gratuity accruals + other benefits if any) + Bonus + Incentives. In case of a new hire, the cost to the company will also include recruitment costs along with the above.
Regards,
From United Arab Emirates, Abu Dhabi
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Based on the components given by you, the breakup would be:
Basic - 9500
HRA - 4750 (Generally it's 30% to 50% but it's never 5%)
Bonus - 700
Gross Salary - 14950
Net Salary - 14950 - 780 - 262 = 13,908/-
Employer's contribution:
ESI - 8520 (annual)
PF - 9360 (annual)
Total: 17880
Annual Salary - 179400 (monthly salary * 12 months, 14950 * 12)
Employer contribution - 17880 (PF + ESI)
Annual CTC: 1,97,280/-
Rest it all depends on company to company, the components, the allowances, perks, etc....
From India, Delhi
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Basic - 9500
HRA - 4750 (Generally it's 30% to 50% but it's never 5%)
Bonus - 700
Gross Salary - 14950
Net Salary - 14950 - 780 - 262 = 13,908/-
Employer's contribution:
ESI - 8520 (annual)
PF - 9360 (annual)
Total: 17880
Annual Salary - 179400 (monthly salary * 12 months, 14950 * 12)
Employer contribution - 17880 (PF + ESI)
Annual CTC: 1,97,280/-
Rest it all depends on company to company, the components, the allowances, perks, etc....
From India, Delhi
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Dear Sonur,
There are certain criteria set by the Central/State Government that we must adhere to. Additionally, the company has implemented specific policies. While I may not be an expert in this field, I will share what knowledge I have.
CTC Details:
Basic Salary - 9500
HRA - 3135 (Basic salary * 33%/100)
PF - 1140 (12% for employer and employee)
ESI - 457 (ESI is applicable only for those earning below 20,000 gross salary. The deduction is 4.81% for employees and 5.3% for employers)
Bonus - depends on the company's profit
DA (Dearness Allowance) - mandatory and determined by the state government
PT (Professional Tax) - mandatory
LTA - mandatory
Etc...
Final Gross (CTC):
There are additional components that need to be considered, and I suggest not finalizing the breakdown without complete information.
If you require a detailed salary breakdown, I can prepare and send it to you. Feel free to contact me with any HR-related queries at any time - 9686825830.
From India, Bangalore
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There are certain criteria set by the Central/State Government that we must adhere to. Additionally, the company has implemented specific policies. While I may not be an expert in this field, I will share what knowledge I have.
CTC Details:
Basic Salary - 9500
HRA - 3135 (Basic salary * 33%/100)
PF - 1140 (12% for employer and employee)
ESI - 457 (ESI is applicable only for those earning below 20,000 gross salary. The deduction is 4.81% for employees and 5.3% for employers)
Bonus - depends on the company's profit
DA (Dearness Allowance) - mandatory and determined by the state government
PT (Professional Tax) - mandatory
LTA - mandatory
Etc...
Final Gross (CTC):
There are additional components that need to be considered, and I suggest not finalizing the breakdown without complete information.
If you require a detailed salary breakdown, I can prepare and send it to you. Feel free to contact me with any HR-related queries at any time - 9686825830.
From India, Bangalore
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Dear Sonur,
CTC stands for Cost to Company, and it is variable as per company policies. Based on the components given by you, CTC would be as below:
Basic Salary - 9500
HRA - 4750 (50%) (It should be 35%-50% of your Basic)
Monthly gross salary (A) - 14250
Additional components:
Employer's contribution to PF - 780 (on 6500)
Employer Contribution to ESI - 677 (4.75% of 14250)
Bonus - 700
Total Components (B) - 2157
CTC A+B = 14250 + 2157 = 16407
Monthly In-hand salary - Gross salary - monthly deductions
- 14250 - 780 (Employee's PF) - 250 (Employee's ESI)
- 13220
Depending on company policy, if the company pays a bonus on a monthly basis, please add the same to the monthly gross salary and recalculate the same.
Thanks & regards,
Roopa Mehra
Asst. Manager- HR
From India, Gurgaon
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CTC stands for Cost to Company, and it is variable as per company policies. Based on the components given by you, CTC would be as below:
Basic Salary - 9500
HRA - 4750 (50%) (It should be 35%-50% of your Basic)
Monthly gross salary (A) - 14250
Additional components:
Employer's contribution to PF - 780 (on 6500)
Employer Contribution to ESI - 677 (4.75% of 14250)
Bonus - 700
Total Components (B) - 2157
CTC A+B = 14250 + 2157 = 16407
Monthly In-hand salary - Gross salary - monthly deductions
- 14250 - 780 (Employee's PF) - 250 (Employee's ESI)
- 13220
Depending on company policy, if the company pays a bonus on a monthly basis, please add the same to the monthly gross salary and recalculate the same.
Thanks & regards,
Roopa Mehra
Asst. Manager- HR
From India, Gurgaon
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Hello, I joined a software MNC in Mumbai and have a query regarding the restructuring of my salary. Since my company is an LLC type company, they are offering me the option of either keeping my PF component in my salary or withdrawing the same. In case I opt for withdrawal, I would receive the company's PF contribution amount added to my take-home salary. So, I am a bit dilemma whether I should go for the withdrawal of my PF amount in my monthly salary or opt for PF.
Moreover, as I work in an IT company, I would like to know if the PF component is not included in the salary structure, would that be considered a similar profile to contractual employment. (Note: I am appointed for permanent full-time employment criteria.)
Please guide me ASAP. Thanks in advance :)
From India, Mumbai
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Moreover, as I work in an IT company, I would like to know if the PF component is not included in the salary structure, would that be considered a similar profile to contractual employment. (Note: I am appointed for permanent full-time employment criteria.)
Please guide me ASAP. Thanks in advance :)
From India, Mumbai
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If your company strenth is 20 or above, all should be covered under PF. It is a tax saving instrument and carry attractive interest rate. It is a long time saving scheme. Opt for PF coverage. Pon
From India, Lucknow
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From India, Lucknow
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ctc is calculated on the annual salary+ 2 months extra salary it can vary from place to place
From India, Delhi
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From India, Delhi
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Basic: 6500
HRA: 3250 (40-60% of basic)
CCA: 650 (10% of basic)
Bonus: 480
Mobile: 350
Cony
Adhoc: 3560
M Gross: 14790
LTA
Med/ESI: 702 (4.75% of M Gross) - Employer's contribution
Bonus
Co's PF: 780
A.M.G.: 16272 (CTC)
A.G.: 195264
PF: 780 (12% of basic)
ESIC: 258 (1.75% of M Gross) - employee's contribution
PT
Take Home (in hand): 13752
From India, Gurgaon
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HRA: 3250 (40-60% of basic)
CCA: 650 (10% of basic)
Bonus: 480
Mobile: 350
Cony
Adhoc: 3560
M Gross: 14790
LTA
Med/ESI: 702 (4.75% of M Gross) - Employer's contribution
Bonus
Co's PF: 780
A.M.G.: 16272 (CTC)
A.G.: 195264
PF: 780 (12% of basic)
ESIC: 258 (1.75% of M Gross) - employee's contribution
PT
Take Home (in hand): 13752
From India, Gurgaon
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Dear Friend,
Your question is how fix CTC for an employee:- Please note that, CTC means Cost to Company
Generally, The CTC will be fixed only, if the salary range is huge like 10/12/18 lakhs to over come the burden of income tax and showing the components as Fringe benefits
In your case, the salary range is very low and you fix like this
Name:
Date of Joining:
Designation:
Basic +DA
HRA
Other allowance (Bonus)
Sub total A
PF
ESIC
Gratuity
Sub total B
Please note that all taxs present and future are to be borne by you
Please note that benefits to be claimed as per the company policy and procedure
Gratuity will be paid as per the provisions of Payment of Gratuity Act.
Any help from side please do write to me
Regards,
Malathesha K S
Triveni Aeronautics Pvt Ltd.,
From India, Bangalore
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Your question is how fix CTC for an employee:- Please note that, CTC means Cost to Company
Generally, The CTC will be fixed only, if the salary range is huge like 10/12/18 lakhs to over come the burden of income tax and showing the components as Fringe benefits
In your case, the salary range is very low and you fix like this
ANNEXTURE - A
Name:
Date of Joining:
Designation:
Salary and Benefits details
Monthly Benefits - A
S.N
Description
Monthly Rs.
Annual Rs.
1
9500
114000
2
475
5700
3
700
8400
Sub total A
10675
128100
Annual Benefits – B
1
780
9360
2
507
6084
3
456
5472
Sub total B
1743
20916
Cost to Company (A+B)
12418
149016
Please note that all taxs present and future are to be borne by you
Please note that benefits to be claimed as per the company policy and procedure
Gratuity will be paid as per the provisions of Payment of Gratuity Act.
Any help from side please do write to me
Regards,
Malathesha K S
Triveni Aeronautics Pvt Ltd.,
From India, Bangalore
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The company's strength is between 150-200. Usually, limited companies in India have Provident Fund (PF) as a mandatory component, but since it is an LLC company, it is providing the option of PF withdrawal. As far as the interest rate is concerned, if we withdraw the amount, we can invest in areas where we can get higher returns. My major concern was about the profile value - does PF signify that a person is in permanent employment?
---
From India, Mumbai
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From India, Mumbai
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Ya! The company's strength is between 150-200. Usually, the Ltd companies in India have PF as a mandatory component, but since it is an LLC company, it is providing the option of PF withdrawal. Regarding the interest rate, if we withdraw the amount, we can invest in areas where we can get higher returns. But my major concern was about the profile value - "does PF mean that a person is in permanent employment type"?
From India, Mumbai
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From India, Mumbai
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pon1965 plz revert me on it asap..... Views from others are also most welcome .... do revert me ASAP as i need to settle this out today itslef... Thanks in advance :)
From India, Mumbai
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From India, Mumbai
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Sir, as previously mentioned, the company would add the company's PF contribution amount to my take-home pay if I don't opt for the PF component. My only concern was whether my employment type would hold the same value as contractual employment in case the PF component is not included in the salary structure. In short, what are the components that differentiate a contractual employee's salary structure from that of permanent employees?
From India, Mumbai
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From India, Mumbai
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the calucation ranges from company to company the basic may be 45%,50% or60% and so. it depends on the standing orders of the company
From India, Chennai
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From India, Chennai
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IT companies initially do not provide PF as the salary is on a C2C basis. You do not withdraw but keep your PF so that it will be easy for you when you change your company for a better opportunity. You can put in a transfer request for it.
From India, Chennai
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From India, Chennai
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To all,
Dear all, you have explored the matter in depth. However, I would like to add some facts: payment of bonus depends on the company's financial position. Nevertheless, the bonus should be paid at a minimum rate of 8.33% on the basic salary as per the Bonus Act.
ESIC rates come into effect on a state-to-state basis. For example, in Madhya Pradesh, it is 1.75% on the gross salary for the employee and 4.75% for the employer.
Thanks,
DEVENDRA
From India, Indore
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Dear all, you have explored the matter in depth. However, I would like to add some facts: payment of bonus depends on the company's financial position. Nevertheless, the bonus should be paid at a minimum rate of 8.33% on the basic salary as per the Bonus Act.
ESIC rates come into effect on a state-to-state basis. For example, in Madhya Pradesh, it is 1.75% on the gross salary for the employee and 4.75% for the employer.
Thanks,
DEVENDRA
From India, Indore
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Hi,
I have joined as a Process Trainer in a BPO. I have a little confusion about my take-home salary. Below are the pay details. Please help me understand my take-home.
Offered Pay Details:
- Basic: 6170
- House Rent Allowance: 3085
- Special Duty Allowance: 5985
- Bonus: 700
Total A: 15940
Other Benefits:
- Conveyance: 800
- Medical Allowance: 1250
- LTA: 750
Total B: 2800
Indirect:
- Provident Fund: 740
- Gratuity: 297
Total C: 1037
Cost To Company (A+B+C): 19777
I hope this breakdown clarifies your take-home salary. Let me know if you need further assistance.
From India, Bangalore
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I have joined as a Process Trainer in a BPO. I have a little confusion about my take-home salary. Below are the pay details. Please help me understand my take-home.
Offered Pay Details:
- Basic: 6170
- House Rent Allowance: 3085
- Special Duty Allowance: 5985
- Bonus: 700
Total A: 15940
Other Benefits:
- Conveyance: 800
- Medical Allowance: 1250
- LTA: 750
Total B: 2800
Indirect:
- Provident Fund: 740
- Gratuity: 297
Total C: 1037
Cost To Company (A+B+C): 19777
I hope this breakdown clarifies your take-home salary. Let me know if you need further assistance.
From India, Bangalore
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I am shocked to see advice given by Mr. Rudresh. If you people do not know the basics, why do you give advice to others?
1. Please study the ESI Act before you mention any percentages.
2. Bonus Act.
3. There is no clear-cut regulation for fixing HRA, as mentioned by you.
4. DA and PT are not mandatory for private organizations, as mentioned by you.
Sorry for being rude, but please be careful in the future.
Regards,
From India, New+Delhi
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1. Please study the ESI Act before you mention any percentages.
2. Bonus Act.
3. There is no clear-cut regulation for fixing HRA, as mentioned by you.
4. DA and PT are not mandatory for private organizations, as mentioned by you.
Sorry for being rude, but please be careful in the future.
Regards,
From India, New+Delhi
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Aveluri, How recruitment coat can be taken as CTC of the employee?? It is overheads of the company. Pon
From India, Lucknow
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From India, Lucknow
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Suppose your CTC calculation is 3 lacs PA, then your calculation will be as per managerial policy, which depends on managerial policy. If your basic salary is decided as Rs 10,500, then your HRA will be calculated at 33%.
CTC calculation: 3 lacs PA
PARTICULARS MONTHLY YEARLY
Basic 10,500 126,000
DA 0 0
HRA 3,465 41,580
Medical Allowance 500 6,000
Conveyance Allowance 3,167 38,004
Special Allowance 3,200 38,400
Grand Total 20,832 249,984
P F 1,260 15,120
P Tax 208 2,500
Total Deductions 1,468 17,620
Bonus 750 9,000
L T A 700 8,400
Software Purchase, etc 500 6,000
Medical 750 9,000
From India, Delhi
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CTC calculation: 3 lacs PA
PARTICULARS MONTHLY YEARLY
Basic 10,500 126,000
DA 0 0
HRA 3,465 41,580
Medical Allowance 500 6,000
Conveyance Allowance 3,167 38,004
Special Allowance 3,200 38,400
Grand Total 20,832 249,984
P F 1,260 15,120
P Tax 208 2,500
Total Deductions 1,468 17,620
Bonus 750 9,000
L T A 700 8,400
Software Purchase, etc 500 6,000
Medical 750 9,000
From India, Delhi
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Hi, Ctc includes the Gross salary, Employers, ESI, PF, Bonus and LTA is it right or not any body suggest me Regards, Praveen
From India, Bangalore
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From India, Bangalore
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PARTICULARS MONTHLY YEARLY
Basic 10,500 126,000
DA 0 0
HRA 3,465 41,580
Medical Allowance 500 6,000
Conveyance Allowance 3,167 38,004
Spl Allowance 3,200 38,400
Grand Total 20,832 249,984
P F 1,260 15,120
P Tax 208 2,500
Total Deductions 1,468 17,620
Bonus 750 9,000
L T A 700 8,400
Software Purchase Etc 500 6,000
Medical 750 9,000
From India, Delhi
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Basic 10,500 126,000
DA 0 0
HRA 3,465 41,580
Medical Allowance 500 6,000
Conveyance Allowance 3,167 38,004
Spl Allowance 3,200 38,400
Grand Total 20,832 249,984
P F 1,260 15,120
P Tax 208 2,500
Total Deductions 1,468 17,620
Bonus 750 9,000
L T A 700 8,400
Software Purchase Etc 500 6,000
Medical 750 9,000
From India, Delhi
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Dear all, Please anybody tel me what is the percentage of Basic fixation as per the act and PF rule. Regards,
From India, Bangalore
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From India, Bangalore
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Suppose you’re your CTC Calculation is 3 lacs P A then your calculation will be as under as per managerial Policy
which is deponds on managerial policy , if your basic salary will be decided Rs 10500/ then your Hra will be calculation 33%
CTC calculation 3 lacs p A
PARTICULARS MONTHLY YEARLY
Basic 10500 126000
DA 0 0
HRA 3465 41580
Medical Allowance 500 6000
Conveyance Allowance 3167 38004
Spl Allowance 3200 38400
A Grand Total 20832 0 249984
Statutory Deductions P F 1260 15120
Statutory Deductions P Tax 208 2500
Esic Not Application due excess of 15000 salary
B Total Deuctions 1468 17620
Yearly Allowance Bonus 750 9000
Yearly Allowance L T A 700 8400
Yearly Allowance soft ware purchase Etc 500 6000
Yearly Allowance Medical 750 9000
C 2700 0 32400
A+B+C Grand Total 25000 0 300004
From India, Delhi
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which is deponds on managerial policy , if your basic salary will be decided Rs 10500/ then your Hra will be calculation 33%
CTC calculation 3 lacs p A
PARTICULARS MONTHLY YEARLY
Basic 10500 126000
DA 0 0
HRA 3465 41580
Medical Allowance 500 6000
Conveyance Allowance 3167 38004
Spl Allowance 3200 38400
A Grand Total 20832 0 249984
Statutory Deductions P F 1260 15120
Statutory Deductions P Tax 208 2500
Esic Not Application due excess of 15000 salary
B Total Deuctions 1468 17620
Yearly Allowance Bonus 750 9000
Yearly Allowance L T A 700 8400
Yearly Allowance soft ware purchase Etc 500 6000
Yearly Allowance Medical 750 9000
C 2700 0 32400
A+B+C Grand Total 25000 0 300004
From India, Delhi
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Dear Ms. Sonali,
Good question from an HR professional. CTC can vary from company to company. The breakdown of your CTC will be as follows:
Particulars Amount (PM) Amount (PA)
Basic Salary 9500 114000
HRA (5% of Basic) 475 5700
Gross Salary 9975 119700
PF (12% of 6500) 780 9360
ESIC (Gross * 4.75%) 474 5686
Bonus 700 8400
Gross CTC 11929 143146
Net Salary 8820
Thanks & Regards,
Yogesh Kulkarni
Assistant Manager - HR
Krishidhan Seeds Pvt. Ltd.
Contact No.: +91 98908 45553
Email ID: YogeshKulkarni@Ymail.com
From India, Mumbai
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Good question from an HR professional. CTC can vary from company to company. The breakdown of your CTC will be as follows:
Particulars Amount (PM) Amount (PA)
Basic Salary 9500 114000
HRA (5% of Basic) 475 5700
Gross Salary 9975 119700
PF (12% of 6500) 780 9360
ESIC (Gross * 4.75%) 474 5686
Bonus 700 8400
Gross CTC 11929 143146
Net Salary 8820
Thanks & Regards,
Yogesh Kulkarni
Assistant Manager - HR
Krishidhan Seeds Pvt. Ltd.
Contact No.: +91 98908 45553
Email ID: YogeshKulkarni@Ymail.com
From India, Mumbai
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Hello,
I am working as an HR professional in a newly started organization. Currently, around 20 employees are working here. My question is, as of now, there is no breakdown for employees. How long can I continue this practice? Can you help me with the procedures for creating a breakdown for employees?
From India, Madras
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I am working as an HR professional in a newly started organization. Currently, around 20 employees are working here. My question is, as of now, there is no breakdown for employees. How long can I continue this practice? Can you help me with the procedures for creating a breakdown for employees?
From India, Madras
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dear all, any bdy can explain the CTC calculation (per.of diffrent allow.) is the same for all grades. Regards, sandeep
From India, Mumbai
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From India, Mumbai
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Hi All,
I am working as a Process Trainer in a BPO. I have a little confusion about my take-home salary. Below, I am mentioning my pay details. Can anyone help me understand my take-home?
Direct
Basic: 6170
House Rent Allowance: 3085
Special Duty Allowance: 5985
Bonus: 700
Total A: 15940
Other Benefits
Conveyance: 800
Medical Allowance: 1250
LTA: 750
Total B: 2800
Indirect
Provident Fund: 740
Gratuity: 297
Total C: 1037
Cost To Company (A+B+C): 19777
Thanks & Regards,
Manjusha
From India, Bangalore
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I am working as a Process Trainer in a BPO. I have a little confusion about my take-home salary. Below, I am mentioning my pay details. Can anyone help me understand my take-home?
Direct
Basic: 6170
House Rent Allowance: 3085
Special Duty Allowance: 5985
Bonus: 700
Total A: 15940
Other Benefits
Conveyance: 800
Medical Allowance: 1250
LTA: 750
Total B: 2800
Indirect
Provident Fund: 740
Gratuity: 297
Total C: 1037
Cost To Company (A+B+C): 19777
Thanks & Regards,
Manjusha
From India, Bangalore
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CTC calculation Gross Salary+Employer ESI&PF+Bonus+Lta = CTC Ex: Gross Salary 15000 ESI 000 PF 780 Bonus 3500 LTA 542 CTC 19822
From India, Bangalore
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From India, Bangalore
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please tell me difference between WCP and group personal accident policy with additional coverage
From India, Pune
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From India, Pune
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Dear Ms. Sonali,
CTC Calculation
Components Salary in (Rs.)
Monthly Emoluments Per Month Per Annum
Basic 9500.00 114000.00
HRA (5% of Basic) 475.00 5700.00
Total A 9975.00 119700.00
Annual Benefits
Bonus 700.00 8400.00
Total B 700.00 8400.00
Retirement Benefits
Provident Fund @ 12% on Rs. 6500/- 780.00 9360.00
Gratuity @ 4.80% of Basic 456.00 5472.00
Total C 1236.00 14832.00
Other Benefits
ESIC @ 4.75% of Total A 473.81 5685.75
Total D 473.81 5685.75
Grand Total (A+B+C+D) 12384.81 148617.75
Note: - Statutory deductions as per rules.
Yogesh Kulkarni
9890845553
From India, Mumbai
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CTC Calculation
Components Salary in (Rs.)
Monthly Emoluments Per Month Per Annum
Basic 9500.00 114000.00
HRA (5% of Basic) 475.00 5700.00
Total A 9975.00 119700.00
Annual Benefits
Bonus 700.00 8400.00
Total B 700.00 8400.00
Retirement Benefits
Provident Fund @ 12% on Rs. 6500/- 780.00 9360.00
Gratuity @ 4.80% of Basic 456.00 5472.00
Total C 1236.00 14832.00
Other Benefits
ESIC @ 4.75% of Total A 473.81 5685.75
Total D 473.81 5685.75
Grand Total (A+B+C+D) 12384.81 148617.75
Note: - Statutory deductions as per rules.
Yogesh Kulkarni
9890845553
From India, Mumbai
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Dear All, Please let me know How to calculate 1. Basic 2. HRA 3. SPA 4. Conveyance ???????????? I know only Take Home salary..... Please reply ASAP... Thanks & Regards Abhishek KN
From India, Raipur
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From India, Raipur
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Dear members Can any one suggest me pay structure for 30lakhs ctc annually
From India, Chennai
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From India, Chennai
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360000 is yearly ctc. how to make parts this in basic, hra, convience,other allowance or DA, PF, ESI.
From India, Gurgaon
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From India, Gurgaon
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I am a beginner. Ex Gross 19000 Basic 9500 HRA 4750 PF 1140 ESIC 903 Bonus 700 Gross 16993 EPF 1140 EESIC 333 Tot. Deduction 1473 Take Home 15520 CTC 18465
From India, Hyderabad
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From India, Hyderabad
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SALARY SHEET CALCULATION.xls
Salary calculation.doc