Dear All,
Please help me out for designing a salary for my organization. I'm little bit confused about the deductions on salary. Please find attached sheet with the structure designed by me. Also, please suggest if there TDS deduction should have to added, as I do't have idea about taxation.
Regards,
Pratyasha.
From India, Delhi
Please help me out for designing a salary for my organization. I'm little bit confused about the deductions on salary. Please find attached sheet with the structure designed by me. Also, please suggest if there TDS deduction should have to added, as I do't have idea about taxation.
Regards,
Pratyasha.
From India, Delhi
Hie Pratyasha, I think professional tax is missing to deduct apart from PF you should check that out.
From India, Ahmadabad
33From India, Ahmadabad
To,
Pratyasha
I was not aware that your organization belongs from Delhi
Yeah it's not applicable there
For what kind of sector you belong from ?
is it manufacturing setup / Service industry ?
Have you included bonus & Gratuity part in CTC ?
From India, Ahmadabad
Pratyasha
I was not aware that your organization belongs from Delhi
Yeah it's not applicable there
For what kind of sector you belong from ?
is it manufacturing setup / Service industry ?
Have you included bonus & Gratuity part in CTC ?
From India, Ahmadabad
Yes Prateek.. My mistake, I haven't write in my msg. Ours is a financial service industry. further, we don't use to include bonus & gratuity part in ctc. Can you please also help me out about the deduction of TDS. Should it be there?
Best Regards,
Pratyasha.
From India, Delhi
Best Regards,
Pratyasha.
From India, Delhi
Dear Pratyasha,
Seems you are more concerned about a proper salary structure. I have done some work on the sheet uploaded by you and the same is attached. hope this would be of help.
Regards,
Satheesh Kumar
From India, Delhi
Seems you are more concerned about a proper salary structure. I have done some work on the sheet uploaded by you and the same is attached. hope this would be of help.
Regards,
Satheesh Kumar
From India, Delhi
Hi,
First try to keep your Basic Salary between 40 to 50% of the CTC to be offered. Keep a standard for basic salary.
You have asked for Salary Breakup but you have uploaded a salary slip breakup. Though both are not different but there are other components also in CTC which does not refelects in salary slip.
Also TDS is compulsory only if the emp. is falling under the tax slab and have not provided any proof of investment so, we can not show the same in Salary Breakup. But if tax is deducted then it need to be refelected in the Salary Slip.
Regards
Jeetendra
09820495757
From India, Pune
First try to keep your Basic Salary between 40 to 50% of the CTC to be offered. Keep a standard for basic salary.
You have asked for Salary Breakup but you have uploaded a salary slip breakup. Though both are not different but there are other components also in CTC which does not refelects in salary slip.
Also TDS is compulsory only if the emp. is falling under the tax slab and have not provided any proof of investment so, we can not show the same in Salary Breakup. But if tax is deducted then it need to be refelected in the Salary Slip.
Regards
Jeetendra
09820495757
From India, Pune
Thanks Rahul for sending the excelllent tool. i believe his is the same calculator i hv found on . Thaks again for the concern, it’s very useful.
From India, Delhi
From India, Delhi
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Deduction of Tax from Salaries FY 2022-23.pdf
Part-003.jpg
PMRPY-DEDUCTION -SOLUTION.xls