Iam Priya. I want to know how to calculate the Basic,PF,ESI,HRA,DA. I want formulas. If anyone knows the formulas then plz send me that formulas. thank you.
From India, Chakan
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From India, Chakan
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Hi Priya,
Please find attached the file for PF & ESI Calculation. As far as Basic and HRA are concerned, it varies from company to company. There is no specific formula to calculate it. HRA is an allowance that is generally calculated as a fixed percentage (for example, 40%) of the Basic Salary.
Regards,
Hariraj
From India, Pune
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Please find attached the file for PF & ESI Calculation. As far as Basic and HRA are concerned, it varies from company to company. There is no specific formula to calculate it. HRA is an allowance that is generally calculated as a fixed percentage (for example, 40%) of the Basic Salary.
Regards,
Hariraj
From India, Pune
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In addition to Hari, I suggest that the basic salary should be 50%-60% of the gross salary, but not less than the minimum wages of the state. The HRA should be 30%-40% of the basic salary. Conveyance allowance should be Rs. 800/- (any amount above that is taxable), and Medical Allowance should be Rs. 1250/- (any amount above that is taxable). The rest should be allocated to other allowance heads.
Thanks & Regards,
Sumit Kumar Saxena
From India, Ghaziabad
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256Thanks & Regards,
Sumit Kumar Saxena
From India, Ghaziabad
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SALARY SHEET CALCULATION.xls
Salary calculation.doc