Salary Break Up Of CTC Rs. 27000

can anybody give me Salary break up of CTC Rs. 27000? where take home will be near 25000?? please hepl

Its imposibble. there are some compulsory deductions like PF P.Tax IT etc. which can not make net salary 25000.

what should be the ideal break up?? CTC any amount can be taken but take home should be near about 24500.. with the compulsory deduction

Dear
u can not make any employee for not getting benefit of PF as its compulsory from the date of joining in the organisation. If u have twenty or more employees in the company. Other wise your company is violationg the norms and its a serious matter. Both shares to be deposited in the PF office or PF Trust.
“employee” means any person who is employed for wages in any kind of work, manual or otherwise, in or in connection with the work
of an establishment and who gets his wages directly or indirectly from the employer, and includes any person,employed by or through a contractor in or in connection with the work of the establishment;engaged as an apprentice, not being an apprentice engaged under the Apprentices Act, 1961 (52 of 1961) or under the standing,orders of the establishment; Company's own policy is different but u can not violate compliance part.

Basic 12000
HRA 6000
Conveyance 800
Medical Reimbursement 1250
Special Allowance 6170
Gross Salary 26220
Employers PF Contribution 780
CTC 27000
Professional Tax 200
On Hand Salary 25240
This is only way out wherein it fits your requirement. Wherein the employee has to produce Medical Bills, and subject to Investment and House Rent applicablity to avoid TDS deduction

Its possible. Even thoug are some compulsory deductions like PF P.Tax IT etc. which can make net salary upto25000. If employee has to produce Medical Bills, Investment and House Rent to avoid TDS deduction.
Basic 12000
HRA 7200
Conveyance 1000
Medical Reimbursement 1000
Special Allowance 6000
Gross Salary 27200
Employers PF Contribution 780
CTC 27200
Professional Tax 200
On Hand Salary 26420

Here the CTC is Rs. 28000/- instead of Rs. 27000/- and the On Hand would be Rs. 26220/-

Dear All,

There seems to be a misconception regarding the PF applicability. Allow me to clarify as follows:

1) Even if you have more than 20 employees, you have to register with the PF authorities but not necessarily contribute to the PF (both, employee & employer), if all the employees draw Basic+DA above Rs.6500/-

2) If you are registered with PF Commissioner and any new employee joins, there will be 2 scenarios:

a) If he is already holding a PF account with his previous employer, he will have to compulsorily covered under PF

b) If he was not holding a PF acount in his previous org, then, he need not be covered under PF

In view of the same, the simple salary structure will be:

A) (Covered under PF)

Basic:15000 (Assuming, you are deducting the PF on the min amount of 6500/- only for all employees. If you are deducting the PF on actual Basic, then the Basic should be as low as possible, but greater than Rs.6500/-)

HRA: 7500 (As per the IT Rule for HRA exemption)

Conveyance:800 (As per the IT Rule for Conveyance exemption)

Medical Reimbursement:1250 (As per the IT Rule for Medical Expenses exemption)

Special Allowance:1670

PF: 780 (employer contribution)

Monthly Gross Salary:Rs.27000/-

Deductions: PT: 200/300 (In Maharashtra. It may be different in each state)

Monthly Net Salary:26020/- (Deduction of employee PF Contribution & PT) minus any TDS liability depending on the employees Tax Saving Investments

B) (Not Covered under PF)

Basic:15000

HRA: 7500 (As per the IT Rule for HRA exemption)

Conveyance:800 (As per the IT Rule for Conveyance exemption)

Medical Reimbursement:1250 (As per the IT Rule for Medical Expenses exemption)

Special Allowance:2450

Monthly Gross Salary:Rs.27000/-

Deductions: PT: 200/300 (In Maharashtra. It may be different in each state)

Monthly Net Salary:26800/- (Deduction of PT) minus any TDS liability depending on the employees Tax Saving Investments

You may check the local liability as per the requirement of the state in which you operate but you can go by the above broader structures.

The HRS, Conveyance & Medical Reimbursement will help the employee minimize the IT liability. In case of Annual gross, you may add LTA facility & Performance Bonus

Trust, this is of help to you.

Regards:

Nilesh

Hi Tito,
Please clarify for what reason you are asking the break up for. The way it has been given, shows a grey idea behind this. If you are working in an organization, and if you need a break up, you should/would have given us the deductions which are prevailing in your organization. Are you asking this to frame up a salary slip for your own use?

I guess it must be like this..
Gross Salary is : 27000/-
Basic ( 50%) : 13500
HRA (20%) : 5400/-
Others(30%) : 8100/-
Deductions :
EPF (12% on Basic) : 1620
Prof Tax ( 15k abv) : 200
Total Deduction : 1820/-
27000-1820= 25180/-