Dear all, Can anyone help me to break Up (Standard) the salry amount of 10000/m. Urgent Regards Tarun
From India, Dehra Dun
Acknowledge(0)
Amend(0)
9From India, Dehra Dun
Acknowledge(0)Amend(0)
Hi,
Please find the salary break up of 10000:
Basic: 4500
PF: 540.00
HRA: 2200
ESI: 0.00
Conv: 3000
---------------------------------
G.S: 10000
Net Salary: 9510.00/-
Thanks,
Sujata
Sr. HR Executive
From India, Delhi
Acknowledge(0)Amend(0)
Please find the salary break up of 10000:
Basic: 4500
PF: 540.00
HRA: 2200
ESI: 0.00
Conv: 3000
---------------------------------
G.S: 10000
Net Salary: 9510.00/-
Thanks,
Sujata
Sr. HR Executive
From India, Delhi
Acknowledge(0)Amend(0)
hai tarun, salary break up for Rs.10,000 Basic -5000 HRA- 2000 Conceyance 2000 misalaneous -1000
From India, Bangalore
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
Dear all,
Have a good day.
I have joined an organization recently. I have encountered a problem. Even though our organization is 25 years old, we do not have ESIC Registration. Although we do have an insurance plan for employees, we now wish to register with ESIC. What will be the process for registration, and how can we determine if our organization falls within the ESIC covered area?
Urgent.
Regards, Tarun
From India, Dehra Dun
Acknowledge(0)Amend(0)
Have a good day.
I have joined an organization recently. I have encountered a problem. Even though our organization is 25 years old, we do not have ESIC Registration. Although we do have an insurance plan for employees, we now wish to register with ESIC. What will be the process for registration, and how can we determine if our organization falls within the ESIC covered area?
Urgent.
Regards, Tarun
From India, Dehra Dun
Acknowledge(0)Amend(0)
hai i am arun kumar form vellore i am working in tata motors car sales company i want to know the maintain attendance register and pf anc esi procedures.
From India, Madras
Acknowledge(0)Amend(0)
From India, Madras
Acknowledge(0)Amend(0)
Hi,
Please find the salary break up of 10000:
Basic: 6500 (if any employee joins directly at Rs. 6500 in basic, then no deduction in PF)
HRA: 2250
PF: 0.00
ESI: 0.00 (if any employee's gross salary is Rs. 10000, then no deduction in ESI)
Conv: 1250 @ 50/day
G.S: 10000
Net Salary: 10000.00/-
Thanks,
From India, Allahabad
Acknowledge(0)Amend(0)
Please find the salary break up of 10000:
Basic: 6500 (if any employee joins directly at Rs. 6500 in basic, then no deduction in PF)
HRA: 2250
PF: 0.00
ESI: 0.00 (if any employee's gross salary is Rs. 10000, then no deduction in ESI)
Conv: 1250 @ 50/day
G.S: 10000
Net Salary: 10000.00/-
Thanks,
From India, Allahabad
Acknowledge(0)Amend(0)
Sir,
It is basic above Rs. 6,500 so make it Rs. 6,550. This will exempt you from PF. So the net salary will be Rs. 10,050. This gets exempted from ESI.
Note: Work on CTC and give your employees benefits. It depends on what type of industry you work in and the employee's salary. Only if you give the employee something like this, it could be nice for them to also be secured in their job. I would suggest convincing the management that employees are not machines to be squeezed and left over at a later stage. As an HR professional, you should care for them. Work on benefits rather than withdrawing them. Let us discuss more on how to give more benefits to our employees at a minimized cost.
Enjoying Life Time.
Regards, Ramamurthy R
From India, Madras
Acknowledge(0)Amend(0)
It is basic above Rs. 6,500 so make it Rs. 6,550. This will exempt you from PF. So the net salary will be Rs. 10,050. This gets exempted from ESI.
Note: Work on CTC and give your employees benefits. It depends on what type of industry you work in and the employee's salary. Only if you give the employee something like this, it could be nice for them to also be secured in their job. I would suggest convincing the management that employees are not machines to be squeezed and left over at a later stage. As an HR professional, you should care for them. Work on benefits rather than withdrawing them. Let us discuss more on how to give more benefits to our employees at a minimized cost.
Enjoying Life Time.
Regards, Ramamurthy R
From India, Madras
Acknowledge(0)Amend(0)
Tarun,
Asking all of us about the breakup of ₹10,000, answers will differ from org. to org. policy. I suggest you establish your own policy instead. However, I can provide you with the following heads:
- Basic
- HRA or HMA
- Conveyance
- PMS
- LTC
- EL
- PF
- ESIC
- Bonus
- PP
- SA
- Refreshments
- Skill Enhancement Allowance
- Amrender
From India, New Delhi
Acknowledge(0)Amend(0)
Asking all of us about the breakup of ₹10,000, answers will differ from org. to org. policy. I suggest you establish your own policy instead. However, I can provide you with the following heads:
- Basic
- HRA or HMA
- Conveyance
- PMS
- LTC
- EL
- PF
- ESIC
- Bonus
- PP
- SA
- Refreshments
- Skill Enhancement Allowance
- Amrender
From India, New Delhi
Acknowledge(0)Amend(0)
Hope you might have got the answer to both of your queries. If not, let me focus on the same.
Coming to Salary Breakup:
Cost to company is divided into components and given different names to those components like:
1) Basic: it should be 40-50% of CTC.
2) HRA (House Rent Allowances): it should be 50% of basic.
3) Conveyance: as per the Shops and Establishment Act, should not be more than Rs. 800 per month (800*12 = 9600) should be directly mentioned in the CTC.
4) LTA: Leave Travel Assessee: Should be one time from your basic salary.
5) Medical Allowance: it should be 1250 per month (=1250*12=15,000).
6) Special Allowances (SA): CTC - (1+2+3+4+5) = Special Allowances.
7) Holiday Work
You can create as many components as you like, and be careful while creating all these components. Try to make as many components as possible that are not taxable income components (like Hard furniture, Soft furniture, Child Education, LTA, Medical Allowance, HRA, Car Maintenance, Petrol Reimbursements, Telephone Reimbursements, etc.).
Coming to ESIC: as you said that your company has experience in the industry for about 25 years and now wants to create an account in ESIC Act. I just want to know how many employees are working with your organization and what is the Salary Bracket you are following. If your salary bracket is more than 10,000, then there is no need to open an account in the ESIC department. If not, then approach a consultant who has much experience in all departments (like Labour Department, PF ESIC department, etc.).
If you need a more detailed explanation, feel free to get in touch with the below-mentioned contact number or through my web address.
From India, Hyderabad
Acknowledge(0)Amend(0)
Coming to Salary Breakup:
Cost to company is divided into components and given different names to those components like:
1) Basic: it should be 40-50% of CTC.
2) HRA (House Rent Allowances): it should be 50% of basic.
3) Conveyance: as per the Shops and Establishment Act, should not be more than Rs. 800 per month (800*12 = 9600) should be directly mentioned in the CTC.
4) LTA: Leave Travel Assessee: Should be one time from your basic salary.
5) Medical Allowance: it should be 1250 per month (=1250*12=15,000).
6) Special Allowances (SA): CTC - (1+2+3+4+5) = Special Allowances.
7) Holiday Work
You can create as many components as you like, and be careful while creating all these components. Try to make as many components as possible that are not taxable income components (like Hard furniture, Soft furniture, Child Education, LTA, Medical Allowance, HRA, Car Maintenance, Petrol Reimbursements, Telephone Reimbursements, etc.).
Coming to ESIC: as you said that your company has experience in the industry for about 25 years and now wants to create an account in ESIC Act. I just want to know how many employees are working with your organization and what is the Salary Bracket you are following. If your salary bracket is more than 10,000, then there is no need to open an account in the ESIC department. If not, then approach a consultant who has much experience in all departments (like Labour Department, PF ESIC department, etc.).
If you need a more detailed explanation, feel free to get in touch with the below-mentioned contact number or through my web address.
From India, Hyderabad
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
CTC-Freezed PF-ESI.xls