I want to confirm with you, seniors, if this is the right bifurcation of salary. I have created it keeping the old posts of Cite HR in mind.
Salary Bifurcation Details
Gross = 20,000/-
Basic (50% of Gross) = 10,000/-
HRA (60% of Basic) = 6,000/-
(Amount left: 4,000/-)
Conveyance (40% of Amount Left) = 1,600/-
Personal Phone Allowance (25% of Amount Left) = 1,000/-
Special Allowance (35% of Amount Left) = 1,400/-
If PF and PT are not applicable and if conveyance and anything is taxable after some limit, I saw in one post here that it is taxable after some limit.
From India, Bhopal
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9Salary Bifurcation Details
Gross = 20,000/-
Basic (50% of Gross) = 10,000/-
HRA (60% of Basic) = 6,000/-
(Amount left: 4,000/-)
Conveyance (40% of Amount Left) = 1,600/-
Personal Phone Allowance (25% of Amount Left) = 1,000/-
Special Allowance (35% of Amount Left) = 1,400/-
If PF and PT are not applicable and if conveyance and anything is taxable after some limit, I saw in one post here that it is taxable after some limit.
From India, Bhopal
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Please go through the web links below that are posted. I have also attached a sample salary sheet format. Enter the data as you wish and find what you are looking for.
- [Salary Breakup - 25000 per month](https://www.citehr.com/295416-salary-breakup-25000-per-month.html)
- [Salary Breakup with less tax deduction](https://www.citehr.com/45366-salary-breakup-less-tax-deduction.html)
Thank you.
From India, Gurgaon
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- [Salary Breakup - 25000 per month](https://www.citehr.com/295416-salary-breakup-25000-per-month.html)
- [Salary Breakup with less tax deduction](https://www.citehr.com/45366-salary-breakup-less-tax-deduction.html)
Thank you.
From India, Gurgaon
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Gross = 20,000/-
Basic (60% of Gross) = 12,000/-
HRA (50% of Basic) = 6,000/-
Conveyance = 750/-
Medical Allowance = 1,250/-
Here, you are not going to pay PF since the basic is more than 6,500. Additionally, you are exempted from conveyance for up to 800/month and also exempted from medical allowance for up to Rs. 1,250.
Thank you.
From India, Mumbai
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Basic (60% of Gross) = 12,000/-
HRA (50% of Basic) = 6,000/-
Conveyance = 750/-
Medical Allowance = 1,250/-
Here, you are not going to pay PF since the basic is more than 6,500. Additionally, you are exempted from conveyance for up to 800/month and also exempted from medical allowance for up to Rs. 1,250.
Thank you.
From India, Mumbai
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I recently joined a new firm as an HR Executive, but there are no HR policies in place. I want to establish HR policies.
PF Registration Requirement
I want to know if PF registration is necessary in my organization where a total of 20 employees are working.
Salary Slip Format
I also need the format for salary slips.
Regards,
Ketan Gadani
From India, Ahmadabad
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PF Registration Requirement
I want to know if PF registration is necessary in my organization where a total of 20 employees are working.
Salary Slip Format
I also need the format for salary slips.
Regards,
Ketan Gadani
From India, Ahmadabad
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special allowance is entirely taxable.. it was a misnomer in the past.. delete such heads altogether
From India, Delhi
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From India, Delhi
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Hi, I also want to know the same thing if 20 Employees are working in the company so is it necessary to cut PF?
From India, Pune
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From India, Pune
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Payroll consists of all the salary components like Basic, DA, HRA, Conveyance, Medical Allowance, etc. The salary is calculated based on the number of days you are present. There will be statutory deductions like ESI, PF, PT, and other deductions such as TDS, loans, etc. The payroll sheet shows the employee's gross salary, additional income like incentives, bonuses, deductions, and their net pay.
Visit the following link for a sample payroll excel sheet: https://www.citehr.com/329663-salary...ml#post1510353
Regards.
From India, Mumbai
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Visit the following link for a sample payroll excel sheet: https://www.citehr.com/329663-salary...ml#post1510353
Regards.
From India, Mumbai
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I want to confirm with you, seniors, whether this is the right bifurcation of salary. I have made it while keeping the old posts of Cite HR in mind.
Salary Bifurcation Details
Gross = 20,000/-
Basic (50% of Gross) = 10,000/-
HRA (50% of Basic in metro cities, 40% in other cities) = 6,000/- (amount left: 4,000/-)
Conveyance (40% of amount left, max 800/-) = 1,600/-
Medical Allowance (12,500/- INR per month, non-taxable)
Special Allowance (35% of amount left) = 1,400/-
If PF and PT are not applicable, is conveyance taxable after a certain limit? I saw in a post here that it becomes taxable after some threshold.
Regards
From India, Mumbai
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Salary Bifurcation Details
Gross = 20,000/-
Basic (50% of Gross) = 10,000/-
HRA (50% of Basic in metro cities, 40% in other cities) = 6,000/- (amount left: 4,000/-)
Conveyance (40% of amount left, max 800/-) = 1,600/-
Medical Allowance (12,500/- INR per month, non-taxable)
Special Allowance (35% of amount left) = 1,400/-
If PF and PT are not applicable, is conveyance taxable after a certain limit? I saw in a post here that it becomes taxable after some threshold.
Regards
From India, Mumbai
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preeti008 - why do you want to create seperate heads ie personal phone allowance and special allowance which are entirely taxable ?
From India, Delhi
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From India, Delhi
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Dear Preeti/Kavya & All,
Answer to Your Query for Pay Bifurcation at Gross Rs.20,000/- per Month:
- Basic @ 60% = Rs.12,500/-
- HRA @ 40% of basic = Rs.5,000/-
- Children Education Allowance @ Rs.100/- per child up to 2 children, i.e., Rs.200/-
- Conveyance Allowance = Rs.800/- per month
- Medical Reimbursement = Rs.1,250/-
- Mobile Reimbursement = Rs.250/-
Regards.
From India, New Delhi
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Answer to Your Query for Pay Bifurcation at Gross Rs.20,000/- per Month:
- Basic @ 60% = Rs.12,500/-
- HRA @ 40% of basic = Rs.5,000/-
- Children Education Allowance @ Rs.100/- per child up to 2 children, i.e., Rs.200/-
- Conveyance Allowance = Rs.800/- per month
- Medical Reimbursement = Rs.1,250/-
- Mobile Reimbursement = Rs.250/-
Regards.
From India, New Delhi
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In response to your query for the salary bifurcation of Rs. 20,000 per month:
Salary Bifurcation Details
- Basic = Rs. 12,500
- HRA @ 40% = Rs. 5,000
- Conveyance allowance = Rs. 800
- Children Education Allowance for up to 2 children @ Rs. 100 each
- Medical Reimbursement = Rs. 1,250
- Mobile Reimbursement = Rs. 250
If you need any further clarification, please feel free to reach out.
Best regards
From India, New Delhi
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Salary Bifurcation Details
- Basic = Rs. 12,500
- HRA @ 40% = Rs. 5,000
- Conveyance allowance = Rs. 800
- Children Education Allowance for up to 2 children @ Rs. 100 each
- Medical Reimbursement = Rs. 1,250
- Mobile Reimbursement = Rs. 250
If you need any further clarification, please feel free to reach out.
Best regards
From India, New Delhi
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hi, i want to confirm with you about the comment from your end. is the spl allowance is fully taxable? are you sure ?
From United States
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From United States
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Dear Ramesh, 60% or more of your gross salary. Normally it should be exceeding the minimum wages for that profession / designation.
From India, Mumbai
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From India, Mumbai
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My scale pay is ₹16,500/-
Basic 40% is ₹6,600/-
HRA 40% of basic is ₹2,640/-
DA 40% of basic is ₹2,640/-
Medical allowance is ₹1,250/-
CCA is ₹825/-
Other allowances total ₹2,545/-
Is that okay?
I have a doubt about what is exempted from PF, HRA, or DA?
From United States
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Basic 40% is ₹6,600/-
HRA 40% of basic is ₹2,640/-
DA 40% of basic is ₹2,640/-
Medical allowance is ₹1,250/-
CCA is ₹825/-
Other allowances total ₹2,545/-
Is that okay?
I have a doubt about what is exempted from PF, HRA, or DA?
From United States
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Dear Ramesh, Yes it is ok. they have calculated as 56% of your gross salary for Basic+DA Only HRA is exempted. PF is calculated on Basic+DA(12%)
From India, Mumbai
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From India, Mumbai
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Hi Mani, thank you for your suggestions.
As per your options:
1) When we use this option, our Page Setup will be disturbed, and it will take up a large space.
2) Same comment.
Note: In some organizations like the Income Tax Department, we can input data and retrieve the same data even after a month using the date option that we have entered the data with.
For example, take the issue of Salary Breakup. We enter data for January, and it calculates as per the details provided by us. When we save it and then enter data for February, the Salary details from last month get deleted.
How can we differentiate between January and February when we cannot see the details of January?
Regards,
Mani
From India, Hyderabad
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As per your options:
1) When we use this option, our Page Setup will be disturbed, and it will take up a large space.
2) Same comment.
Note: In some organizations like the Income Tax Department, we can input data and retrieve the same data even after a month using the date option that we have entered the data with.
For example, take the issue of Salary Breakup. We enter data for January, and it calculates as per the details provided by us. When we save it and then enter data for February, the Salary details from last month get deleted.
How can we differentiate between January and February when we cannot see the details of January?
Regards,
Mani
From India, Hyderabad
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