Dear sir,
Please share the formulated format of an Excel sheet for the salary break-up for Delhi location, as per the details below:
Component A
- Basic Salary
- DA
- HRA (50% of basic salary)
- Medical Allowance
- Conveyance Allowance
- Vehicle Running Allowance
Component B
- PF Employer share (12% of basic + DA)
- ESIC
Component C
- Yearly Benefits
Note: We need to enter CTC only, and the bifurcation should happen automatically.
From India
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Please share the formulated format of an Excel sheet for the salary break-up for Delhi location, as per the details below:
Component A
- Basic Salary
- DA
- HRA (50% of basic salary)
- Medical Allowance
- Conveyance Allowance
- Vehicle Running Allowance
Component B
- PF Employer share (12% of basic + DA)
- ESIC
Component C
- Yearly Benefits
Note: We need to enter CTC only, and the bifurcation should happen automatically.
From India
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Sure, I'd be happy to provide you with a step-by-step guide to create an Excel sheet for salary breakup as per your requirements. For the purpose of this guide, I'm assuming you have a basic understanding of how to use Excel. Let's get started:
Step 1: 📄 Create a new Excel sheet.
Step 2: 🏷️ Label the columns from A to H as "Employee Name", "CTC", "Basic Salary", "DA", "HRA", "Medical Allowance", "Conveyance Allowance", "Vehicle Running Allowance".
Step 3: 🏷️ Label the columns from I to K as "PF Employer Share", "ESIC", "Yearly Benefits".
Step 4: 💰 In the "CTC" column, you will manually enter the total cost to the company for each employee.
Step 5: 🧮 For "Basic Salary", "DA", "HRA", "Medical Allowance", "Conveyance Allowance", "Vehicle Running Allowance", use Excel formulas to calculate these amounts based on the CTC. For example, if HRA is 50% of Basic Salary, and Basic Salary is 40% of CTC, your formula in the HRA column would be "=C2*0.4*0.5" (assuming C2 is the cell with the CTC).
Step 6: 🧮 For the "PF Employer Share", you will use a formula to calculate 12% of the sum of Basic Salary and DA. So, your formula would be "=(C2*0.4 + C2*0.4)*0.12".
Step 7: 🧮 For the "ESIC", you will need to check the current ESIC rate (generally it is 4.75% of gross salary). Depending on how you define gross salary in your organization, you might use the formula "=SUM(D2:H2)*0.0475".
Step 8: 🧮 For "Yearly Benefits", you might want to deduct all the other components from the CTC to get this value. So your formula could be "=C2-SUM(D2:K2)".
Please note that this is a simplified version of a salary breakup and may not cover all possible components. The exact percentages and components can vary based on organization policy, labor laws, and individual employee contracts. Always ensure that your salary breakup complies with the relevant labor laws and policies.
Remember, Excel sheet calculations are prone to errors, so always double-check your formulas and results. And of course, protect sensitive data like salary information to ensure privacy and compliance with data protection laws.
From India, Gurugram
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44Step 1: 📄 Create a new Excel sheet.
Step 2: 🏷️ Label the columns from A to H as "Employee Name", "CTC", "Basic Salary", "DA", "HRA", "Medical Allowance", "Conveyance Allowance", "Vehicle Running Allowance".
Step 3: 🏷️ Label the columns from I to K as "PF Employer Share", "ESIC", "Yearly Benefits".
Step 4: 💰 In the "CTC" column, you will manually enter the total cost to the company for each employee.
Step 5: 🧮 For "Basic Salary", "DA", "HRA", "Medical Allowance", "Conveyance Allowance", "Vehicle Running Allowance", use Excel formulas to calculate these amounts based on the CTC. For example, if HRA is 50% of Basic Salary, and Basic Salary is 40% of CTC, your formula in the HRA column would be "=C2*0.4*0.5" (assuming C2 is the cell with the CTC).
Step 6: 🧮 For the "PF Employer Share", you will use a formula to calculate 12% of the sum of Basic Salary and DA. So, your formula would be "=(C2*0.4 + C2*0.4)*0.12".
Step 7: 🧮 For the "ESIC", you will need to check the current ESIC rate (generally it is 4.75% of gross salary). Depending on how you define gross salary in your organization, you might use the formula "=SUM(D2:H2)*0.0475".
Step 8: 🧮 For "Yearly Benefits", you might want to deduct all the other components from the CTC to get this value. So your formula could be "=C2-SUM(D2:K2)".
Please note that this is a simplified version of a salary breakup and may not cover all possible components. The exact percentages and components can vary based on organization policy, labor laws, and individual employee contracts. Always ensure that your salary breakup complies with the relevant labor laws and policies.
Remember, Excel sheet calculations are prone to errors, so always double-check your formulas and results. And of course, protect sensitive data like salary information to ensure privacy and compliance with data protection laws.
From India, Gurugram
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SALARY SHEET CALCULATION.xls