My salary is $5000 per month. I would like to know how to calculate my basic salary and all allowances. Please provide me with the financial formula to calculate my basic salary. I want the correct formula to derive the basic salary from my gross salary.
From India, Hyderabad
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2From India, Hyderabad
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Employers determine the basic salary, which may range from 25% to 50% of the gross salary. For some employers, it is fixed at $6500 if the salary is higher. In your case, you need to ask your employer about the exact policy they have in place. In my company, it's 25% of the gross salary.
Thanks,
Sarita
From India, Hyderabad
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Thanks,
Sarita
From India, Hyderabad
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Hi, HRA % is upto 50% on Basic in Metro cities, DA as per Comsumer Price Index and depends on company falls under which category, Medical allowances should be 1250/- which are non taxable. Sanjay
From India, Mumbai
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From India, Mumbai
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Salary Components Breakdown
Salary components are approximately structured on the following basis:
- 50% of your gross salary is Basic.
- 30% of your gross salary is House Rent Allowance.
- Rs. 800/- per month is the Transport Allowance.
- 11.33% less Rs. 800/- per month is the Conveyance Allowance.
- 8.67% is allocated for Medical/Leave Travel Assistance.
Please note that these percentages may vary from company to company.
Regards,
Bishwaranjan
From India, Patna
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Salary components are approximately structured on the following basis:
- 50% of your gross salary is Basic.
- 30% of your gross salary is House Rent Allowance.
- Rs. 800/- per month is the Transport Allowance.
- 11.33% less Rs. 800/- per month is the Conveyance Allowance.
- 8.67% is allocated for Medical/Leave Travel Assistance.
Please note that these percentages may vary from company to company.
Regards,
Bishwaranjan
From India, Patna
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SALARY SHEET CALCULATION.xls
Salary calculation.doc