Hi,
Can someone please help me out as to how the below sal structure has been devised n what is the breakup % used??
SALARY
Basic Salary ------6,000 ---------72,000
HRA ------------------3,000 --------36,000
Special Allowance -----6,280--------75,364
Conveyance Allowance 800 ----------9,600
Education Allowance ---200 ----------2,400
Subtotal 1 ------------16,280 -------195,364
ADD: OTHER BENEFITS
PF ---------------------720 -----------8,640
LTA -----------------------------------6,000
Medical --------------------------------6,000
Subtotal 2 ----------------------------20,640
TOTAL COST TO COMPANY ------------216,004
From India, Mumbai
8Can someone please help me out as to how the below sal structure has been devised n what is the breakup % used??
SALARY
PARTICULARS ------Rs. ---------Rs.--------MONTHLY ----ANNUAL
Basic Salary ------6,000 ---------72,000
HRA ------------------3,000 --------36,000
Special Allowance -----6,280--------75,364
Conveyance Allowance 800 ----------9,600
Education Allowance ---200 ----------2,400
Subtotal 1 ------------16,280 -------195,364
ADD: OTHER BENEFITS
PF ---------------------720 -----------8,640
LTA -----------------------------------6,000
Medical --------------------------------6,000
Subtotal 2 ----------------------------20,640
TOTAL COST TO COMPANY ------------216,004
From India, Mumbai
Hi Munira
Your monthly CTC is taken as 18,000 pm
Basic is 6,000 (Fixed)
HRA is 3,000 (50% of basic)
Conv. Allow 800 (Fixed)
Edu. Allow. 200(Fixed)
Special allow. 6280 (Balancing Amount to make it 18,000 pm)
LTA-Monthly share paid annually 500(1 Basic annually)
Medical- Monthly share paid annually 500(1 basic annually)
PF (12% of basic) 720 (Employers share)
Total Monthly CTC 18,000 (Add all components)
Further for any other clarifications please mail me at
Bye
Naga Praveen
Manager-HR
GMS,Hyderabad
From India, Hyderabad
Your monthly CTC is taken as 18,000 pm
Basic is 6,000 (Fixed)
HRA is 3,000 (50% of basic)
Conv. Allow 800 (Fixed)
Edu. Allow. 200(Fixed)
Special allow. 6280 (Balancing Amount to make it 18,000 pm)
LTA-Monthly share paid annually 500(1 Basic annually)
Medical- Monthly share paid annually 500(1 basic annually)
PF (12% of basic) 720 (Employers share)
Total Monthly CTC 18,000 (Add all components)
Further for any other clarifications please mail me at
Bye
Naga Praveen
Manager-HR
GMS,Hyderabad
From India, Hyderabad
Hi,
In an ideal salary breakup
Basic should be 40% of total CTC
HRA should be 40% of Basic
Conveaynce should be Rs. 800/-
Canteen Allowance 10% of Basic
Medical Allowance Rs. 1250/-
LTA upto Rs.3000/-
Other will be adjusted
PF 12% of Basic
Bonus 8.33% of Basic
Graduity and other banifits like super annution etc. should not be incorporated in CTC. If u have any other confution please contact me.
Regards,
Mrugesh
09898593960:cool:
From India, Mumbai
In an ideal salary breakup
Basic should be 40% of total CTC
HRA should be 40% of Basic
Conveaynce should be Rs. 800/-
Canteen Allowance 10% of Basic
Medical Allowance Rs. 1250/-
LTA upto Rs.3000/-
Other will be adjusted
PF 12% of Basic
Bonus 8.33% of Basic
Graduity and other banifits like super annution etc. should not be incorporated in CTC. If u have any other confution please contact me.
Regards,
Mrugesh
09898593960:cool:
From India, Mumbai
thanks both of u......its just that there are so many ways of calculating a salary breakup......diff companies use diff percentages of Basic, HRA, DA etc etc hence it can get a bit confusing........is there an industry standard or a guideline as to what all components in what percentages are to be considered???
From India, Mumbai
From India, Mumbai
i think its really cool and informative ... good goin... just copied it, sorry:-D i hope u doont mind...
From India, New Delhi
From India, New Delhi
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Salary breakup - sample.xls
Typical salary breakup.jpg