Salary Structure, - Xls Download

u r saying gross salary 25000/- but ESIC applicable only gross salary 15000/-, above 15000/- gross salary ESIC not applicable

Hi Anjali
Its not Special Allowances-1004.40,it should be Dearness allowance-1004.40
and ESIC is not required in this because the gross salary is more than 15000.00,you should not deduct from the grosss(1.75%) and you should not make payment also(4.75%).
Net MOnthly Payment-23542+E S I C (@1.75%) Insurance 437=23979
CTC-27119.18-1187.48=25931.70
Everything else is Correct.
Pabitra Bishnu Acharya
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Anjali,
As per act employee eligible for ESI when his salary is less than 15000/- and how come you are showing in your salary structure. and house rent allowance also i may feel wrong.
regards
vani

i think you all who is writing in this matter its like funny discussion.. it is bad discussion...
every one know a good salary structure who is working in corporate sector.

Dear Anjali,
Its really confusable data which provided by the consultant
U can also Prepare a salary structure in following way
Gross Salary = 25000
Basic Salary = 15000 (60% of Gross Salary)
Hra = 7500 (50% of Basic)
Conv. = 2500 ( Rest Amount)
Total = 25000 pm
Deduction
Pf = 1800 (12% of Basic)
Lwf = ? (According to law)
Pt = ? (If applicale in state accordingly)
Esi = Not applicable in this case ( Gross Salary is more than 15000)
Total Deduction = 23200 ( In above case)
Neeraj Sharma

Sorry its not total deduction its inhand salary
Total ded. is = 1800/-
Now 25000 - 1800 = 23200 pm/-
Neeraj Sharma

what are the rulls that who will get allowances or not like HRA, PF ESI ETC. Is it depend on basic wages or something else

Dear Anjali,
i will try my best to make it easy for you. do not get confused..
1. Keep the basic salary above minimum wages applicable to your locality. Balance part of the salary may be bifurcated into other allowances.
2. PF is to be deducted on basic salary @ 12% from employee.
3. ESIC is applicable only if the gross salary is 15000 or less.
4. LWF is applicable only to employees below supervisory level.
5. some companies add gratuity to the CTC. It is to be calculated on basic @4.8% (basic salary/26*15*no of years of service). Eligibility for gratuity is that the employee has to complete 5 years of continuous service.
for any further clarification you may reply!!!
Regards!!