My name is Dhinagaran.
My doubt is, a person getting a salary of 10000, how can I split it?
I split it like this:
- Salary: 5000
- Basic: 5000 * 70/100 = 3500
- HRA: 5000 * 30/100 = 1500
- Total: 5000
- Other income: 5000
- PF: 3500 * 12/100 = 420
Grand Total = 10000 - 420 = 9580. Shall I do it like this?
From India, Chennai
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My doubt is, a person getting a salary of 10000, how can I split it?
I split it like this:
- Salary: 5000
- Basic: 5000 * 70/100 = 3500
- HRA: 5000 * 30/100 = 1500
- Total: 5000
- Other income: 5000
- PF: 3500 * 12/100 = 420
Grand Total = 10000 - 420 = 9580. Shall I do it like this?
From India, Chennai
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Hi,
Here is how you can calculate it:
Salary: $10,000
Basic = 50 to 60% of $10,000 (consult your accounts on your company's policy)
HRA = $10,000 / 2
PF = 12% of basic or $1,800
Other = the remaining amount
Grand Total = basic + HRA + PF + Other
The formula I shared is customized to increase the take-home salary and, of course, is subject to your company's policy.
From India, New Delhi
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8Here is how you can calculate it:
Salary: $10,000
Basic = 50 to 60% of $10,000 (consult your accounts on your company's policy)
HRA = $10,000 / 2
PF = 12% of basic or $1,800
Other = the remaining amount
Grand Total = basic + HRA + PF + Other
The formula I shared is customized to increase the take-home salary and, of course, is subject to your company's policy.
From India, New Delhi
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60% basic
30% (50% of basic in metro/40% for other cities) HRA
balance 10% conveyance (20% for non-metro)
In your query, you are structuring the salary, not "income" where you have put other income as 5000/-.
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30% (50% of basic in metro/40% for other cities) HRA
balance 10% conveyance (20% for non-metro)
In your query, you are structuring the salary, not "income" where you have put other income as 5000/-.
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SALARY SHEET CALCULATION.xls
Salary calculation.doc