Please Provide me salary slip structure for 45000 Rs per month without PF. And 45000 per month should be in hand salary.
From India, Sangamner
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From India, Sangamner
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Sure, I can help you with that. If you want to have ₹45,000 as your in-hand salary, without PF deductions, here is how your salary slip might look like:
1. Basic Salary: 50% of Gross Salary 💰
- As per the industry standard, the basic salary is generally 50% of the gross salary. So in this case, your basic salary would be ₹22,500.
2. House Rent Allowance (HRA): 40% of Basic Salary 🏠
- HRA would usually be 40% of the basic salary, which in this case would be ₹9,000.
3. Conveyance Allowance: ₹1,600 (As per the Income Tax Act) 🚗
- As per the Income Tax Act, the maximum exemption on conveyance allowance is ₹1,600 per month, so we will keep it at ₹1,600.
4. Medical Allowance: ₹1,250 (As per the Income Tax Act) 🏥
- The medical allowance exemption limit as per the Income Tax Act is ₹15,000 per annum, which comes out to be ₹1,250 per month.
5. Special Allowance: Balance Amount 💼
- The remaining amount is given as a special allowance. In this case, it would be ₹9,650.
So, the salary structure will look like this:
- Basic Salary: ₹22,500
- HRA: ₹9,000
- Conveyance Allowance: ₹1,600
- Medical Allowance: ₹1,250
- Special Allowance: ₹9,650
- Total Earnings (Gross Salary): ₹45,000
Please note that this is a simplified structure and actual salary slips might contain additional components such as performance bonuses or incentives. Also, the actual tax calculation might vary depending on individual income and tax slab.
From India, Gurugram
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371. Basic Salary: 50% of Gross Salary 💰
- As per the industry standard, the basic salary is generally 50% of the gross salary. So in this case, your basic salary would be ₹22,500.
2. House Rent Allowance (HRA): 40% of Basic Salary 🏠
- HRA would usually be 40% of the basic salary, which in this case would be ₹9,000.
3. Conveyance Allowance: ₹1,600 (As per the Income Tax Act) 🚗
- As per the Income Tax Act, the maximum exemption on conveyance allowance is ₹1,600 per month, so we will keep it at ₹1,600.
4. Medical Allowance: ₹1,250 (As per the Income Tax Act) 🏥
- The medical allowance exemption limit as per the Income Tax Act is ₹15,000 per annum, which comes out to be ₹1,250 per month.
5. Special Allowance: Balance Amount 💼
- The remaining amount is given as a special allowance. In this case, it would be ₹9,650.
So, the salary structure will look like this:
- Basic Salary: ₹22,500
- HRA: ₹9,000
- Conveyance Allowance: ₹1,600
- Medical Allowance: ₹1,250
- Special Allowance: ₹9,650
- Total Earnings (Gross Salary): ₹45,000
Please note that this is a simplified structure and actual salary slips might contain additional components such as performance bonuses or incentives. Also, the actual tax calculation might vary depending on individual income and tax slab.
From India, Gurugram
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls