Hi alll, can anyone share salary break up for CTC 15,568p.m, please share as per May 2010 Esic n Pf/ Pt slab Govt Rules? Thanks & Regards, sheeetal
From India, Mumbai
1From India, Mumbai
ctc break up differ company to company about deciding of percentage of basic etc
ESIC is on gross = 1.75% employees share and 4.75% employers share = total 6.5%
PF is on basic = 12% employees share and 13.61% of employers share = total 25.61%
PT is slab wise = upto 5000 NIL, 50001 to 10,000 is rs. 175, above 10,000 is 200 per month and rs.300 in feb month.
MLWF once in a six month = rs. 12 for sal above 3000 gross per month and rs.6 for below that.
From India, Mumbai
ESIC is on gross = 1.75% employees share and 4.75% employers share = total 6.5%
PF is on basic = 12% employees share and 13.61% of employers share = total 25.61%
PT is slab wise = upto 5000 NIL, 50001 to 10,000 is rs. 175, above 10,000 is 200 per month and rs.300 in feb month.
MLWF once in a six month = rs. 12 for sal above 3000 gross per month and rs.6 for below that.
From India, Mumbai
HI,
FOR PF it depends on you if you want to contribute or not, bcz above 6500/- its not compulsory. and PT =200
Same with ESI above 15000/- PM ESI deduction is not compulsory.
So breakup will be
Basic=11068
HRA= 3500
Travel Allowance= 800
PT= 200
I hope it will help you.
Thanks,
Monisha Agrawal
From India, Pune
FOR PF it depends on you if you want to contribute or not, bcz above 6500/- its not compulsory. and PT =200
Same with ESI above 15000/- PM ESI deduction is not compulsory.
So breakup will be
Basic=11068
HRA= 3500
Travel Allowance= 800
PT= 200
I hope it will help you.
Thanks,
Monisha Agrawal
From India, Pune
Dear Member,
Your CTC concept is not clear. It may contain various aspects.
Kindly find below salary details:
Basic 50% of total salary = 7784
HRA 50% of basic = 3892
Transport Allowance = 0800
Special Allowance = 1592
Medical Reimbursement = 1500
Deductions- PF = 780 @12% of Max. 6500
ESI deduction is not applicable
Note You may deduct any other amount as applicable Like TDS etc.
Thanks.
Surendra Verma
From India, Delhi
Your CTC concept is not clear. It may contain various aspects.
Kindly find below salary details:
Basic 50% of total salary = 7784
HRA 50% of basic = 3892
Transport Allowance = 0800
Special Allowance = 1592
Medical Reimbursement = 1500
Deductions- PF = 780 @12% of Max. 6500
ESI deduction is not applicable
Note You may deduct any other amount as applicable Like TDS etc.
Thanks.
Surendra Verma
From India, Delhi
Dear Sheetal , Please find the attachment as desired by you for CTC Rs.15568 on EXCEL. TDS Deduction applicable on Net Salary..... Regards, Abhinav
From India, Bangalore
From India, Bangalore
Hello sir,
Thanks for the valued inormation. one more help pls. can u pls. tel us how to calculate the
1) Basic 50% of total
2) HRA - 50% of the basic
3) Medical allowace ??
4) Travelling allowance ??
5) Special allowance
6) Sodexo meal pass ??
7) Business attire ??
I am very confused for above calculation in my organisation i have to give salary slip every month but there is no system i want to organise the system can u pls. help me
Rgds,
Shubhada
Newage Fire Protection Engineers Pvt.Ltd. -Mumbai
From India, Mumbai
Thanks for the valued inormation. one more help pls. can u pls. tel us how to calculate the
1) Basic 50% of total
2) HRA - 50% of the basic
3) Medical allowace ??
4) Travelling allowance ??
5) Special allowance
6) Sodexo meal pass ??
7) Business attire ??
I am very confused for above calculation in my organisation i have to give salary slip every month but there is no system i want to organise the system can u pls. help me
Rgds,
Shubhada
Newage Fire Protection Engineers Pvt.Ltd. -Mumbai
From India, Mumbai
Hi Shubhada,
Mr. Surendra has given the right calculation. Here's the concept. Always keep the basic as 40-50% of the total salary. Keep the HRA as 40-50% of basic. Keep transport allowance as Rs. 800.00 per month and Medical as Rs. 1500.00 per month. The rest of the amount can be distributed as Special allowance, Sodexo and any other (eg: education allowance, furniture allowance, vehicle maintenance etc...,)
Hope this helps.
From India, Bangalore
Mr. Surendra has given the right calculation. Here's the concept. Always keep the basic as 40-50% of the total salary. Keep the HRA as 40-50% of basic. Keep transport allowance as Rs. 800.00 per month and Medical as Rs. 1500.00 per month. The rest of the amount can be distributed as Special allowance, Sodexo and any other (eg: education allowance, furniture allowance, vehicle maintenance etc...,)
Hope this helps.
From India, Bangalore
I am new to HR and keen interest to learn the HR aspects.Very thankful to all seniors giving guidelines and valueable suggetions.I have doubt on PF contribution. PF amout is collected 12% from employees basic salary and 13.61% from employers share, out of employers share (i.e. 13.61%) 8.33% goes to pention account and 3.67% goes to employees account.what about the1.61% goes to which acount? pl explain sir.
regards
Anjaneyulu
From India, Kakinada
regards
Anjaneyulu
From India, Kakinada
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