i would want to know salary bifurcation how it is to be done CCA,MEDICAL,LTA,CHILD EDUCATION ECT ALL THE SLAB LIMIT AND HOW TO BIFURCATE THE SALARY
From India, Mumbai
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1From India, Mumbai
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Dear,
An example:
In CTC, Salary Distribution can be:
(A) Basic Salary + HRA + DA
(B) Conveyance + Medical + Other / Special Allowance if any
(C) Employers' Contribution for PF (12% of Basic)
Employers' Contribution for ESIC (4.75% of Gross)
(D) Employees' Contribution for PF (12% of Basic)
Employees' Contribution for ESIC (1.75% of Gross)
Gross Salary = (A) + (B)
CTC = (A) + (B) + (C)
Net in Hand = (A) + (B) - (D)
Salary breakup as follows:
Basic - 30%
HRA - 30%
Conveyances - 25%
Medical - 10%
Other - 5%
You can change the elements and values according to your company policies. For more information about salary breakup, please visit:
- https://www.citehr.com/download-list...p&subm it=Go
- https://www.citehr.com/search_new.ph...;amp;submit=Go
Thanks and Regards,
Binu
From India, Thiruvananthapuram
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An example:
In CTC, Salary Distribution can be:
(A) Basic Salary + HRA + DA
(B) Conveyance + Medical + Other / Special Allowance if any
(C) Employers' Contribution for PF (12% of Basic)
Employers' Contribution for ESIC (4.75% of Gross)
(D) Employees' Contribution for PF (12% of Basic)
Employees' Contribution for ESIC (1.75% of Gross)
Gross Salary = (A) + (B)
CTC = (A) + (B) + (C)
Net in Hand = (A) + (B) - (D)
Salary breakup as follows:
Basic - 30%
HRA - 30%
Conveyances - 25%
Medical - 10%
Other - 5%
You can change the elements and values according to your company policies. For more information about salary breakup, please visit:
- https://www.citehr.com/download-list...p&subm it=Go
- https://www.citehr.com/search_new.ph...;amp;submit=Go
Thanks and Regards,
Binu
From India, Thiruvananthapuram
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Can a company bifurcate salary as under:
Gross Salary = Basic Salary + Mobile Allowance + Bonus Amount
I have a serious concern over this practice. In my understanding, a bonus cannot be part of the Gross Salary; rather, it is given in addition to the salary. Whereas, the salary should remain (at least) as:
- Basic (66.66% of gross)
- House Rent Allowance (45% of basic)
- Utility Allowance (10% of basic)
Please share your thoughts on this.
Thanks.
From Germany, Dresden
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Gross Salary = Basic Salary + Mobile Allowance + Bonus Amount
I have a serious concern over this practice. In my understanding, a bonus cannot be part of the Gross Salary; rather, it is given in addition to the salary. Whereas, the salary should remain (at least) as:
- Basic (66.66% of gross)
- House Rent Allowance (45% of basic)
- Utility Allowance (10% of basic)
Please share your thoughts on this.
Thanks.
From Germany, Dresden
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SALARY SHEET CALCULATION.xls
Salary calculation.doc