Could Some Body Help Me In Knowing The Salary Calculation With The Breakups...

Dear All,
Good day,
Hope you all r doing good.
i would like to know about the salary breakups, (i.e) how much percentage of the ctc is treated as the Basic salary, HRA, DA, CONVEYANCE, MED allowance, any special allowances etc...
Thanks and Regards,
Prabhu.R

Hi, May be the attachment which i am sending u will help u somewhere.

Hi,
Please find the basics of Compensation.
1) Basic is 30-50% of CTC not more than that.
2) HRA is taken 40% of Basic(for non Metros) and 50% for Metros, as it is the HRA exemption limit as per tax.
3) Medical Allowance is taken as 15000Rs. per annum i.e Rs.1250 per month , as this is the exemption limit as per Income Tax.
4) Conveyance of 9600Rs i.e 800Rs. per month is kept, as this is the exemption limit as per Income Tax.
5) Special allowance is fully taxable so it is normally the adjusting component.
6) LTA is one month's Basic, thus you can include that also in the salary sheet.
7) Children's education allowance is exempt upto 100 per child per month and 300 per child per month for hostel expenses(max two children), which also can be kept...
The exepmted part they can take benefit while rest would attract tax.
8) Sodexo Meal coupons can be a part of CTC which are fully tax exempted.
Hope this will help.
Regards,
Dhoop.:icon1:

Hi
Salary Breakups
Basic - 30-50% of Monthly gross salary
HRA - 50% of Basic
TA - Max 800 (Not more than that)
Flexi pay - 75% of Basic - (TA)
Std earnings - 8.33% of Basic
Others - difference amt
I hope this will help u
Regards
Rajasekar

Dear All
Please find the Salary break up,considering 10000 as CTC
Basic4000Hra2000Conv800Spl2597PF480Esi123Ctc10000
1.Considering 40% of Basic from Ctc
2.50% of Hra if employee in metro and 40% of Hra if employee in non metro
3. Conveyance upto 800 is exempt from tax
4.PF @12% from basic
5.Esi 4.75% from Gross(Basic + Hra + Conv + Spl)
6. Other than this Medical Reimb. monthly 1250 can given
Hope it will be useful for all
Regards
venkatesh
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Dear All
Please find the same
Basic - 4000
Hra - 2000
Conv - 800
Spl - 2597
Gross Salary - 9397
Pf - 480
Esi - 123
CTC - 10000
Regards
Venkatesh

Dear Friends,
Other than the above some protion of the amount can be attaire allowance, books and periodicals and Driver allowance also which are non taxable amounts, these could be for the relevant employees only.
Thanks and regards - kameswarao

Compensation Structure:

• Basic = 30% to 50% of CTC
• HRA = 40 % of Basic for Non Metros & 50 % of Basic for Metros
• Medical = Rs. 1250 per month
• Conveyance = Rs. 800 per month
• Special allowance = adjusting component
• LTA = One month's Basic
• Children Education = Rs. 100 per child (Only for 2 children)
• Uniform Allowance = Can include if employer is ready to pay group FBT
• Books & Periodicals = Can include if employer is ready to pay group FBT
• Telephone Reimbursement = Can include if employer is ready to pay group FBT
• Drivers Allowance = Can include if employer is ready to pay group FBT
• Sodexo Meal coupons = Part of CTC (fully tax exempted) Min 1100 – Max 5000 Upper Limit

Deductions

• PF = 12% from basic
• ESIC = 4.75% from Gross (Applicable only on those employees where Take Home amount less than 10K)
• PT as applicable in your state by govt.
• Income Tax

Others

• Gratutity
• Superannuation

Hi Prabhu i am just forwarding my company's salary break up
Mostly Basic should be 50-55% of the gross salary. for Medical we have a slot upto Asst.Mngr-10,000/- per year. If the Basic is low than the 10000 then the basic is divided by 12 months.
(A)Direct
Basic 7100
HRA @30% of Basic 2130
Conveyance @ 15% 1065
Medical Reimbursment 592
Contribution to superannuation Fund @ 8.33% of Basic 591
Performance Incentive @ 10% 710
Total Direct 12188
(B)Indirect
Contribution to Provident Fund @ 12% of Basic 852
Leave travel Allowance @ 4.17% of Basic 296
Gratuity @ 4.8% of Basic 341
Total Indirect 1489
Total per month 13677
Total per annum 164124
Net Payable 10626
Hope you may get idea to creat your own
swarna
Good day,
Hope you all r doing good.
i would like to know about the salary breakups, (i.e) how much percentage of the ctc is treated as the Basic salary, HRA, DA, CONVEYANCE, MED allowance, any special allowances etc...
Thanks and Regards,
Prabhu.R[/quote]