hi to all,this is anila.i recently joined in growing company where they gave me task to complete salary issues i dnt know any thing abt this kindly pls help me what is salary break up how to prepare.kindly send me details to my mail id 
.
From India, Hyderabad
4From India, Hyderabad
hi prashant how to calculate pf,hra.i dnt know what actually salary break up is?for ex:if salary of a employee is 7000 then how to calculate pf , hra etc pls help me
From India, Hyderabad
From India, Hyderabad
Salary structure for the employee divid in the two categories.
1. Fixed Salary
2. Performance based variable salary
In fixed salary includes Basic, HRA, LTA, Medical Allowances, Children Education Allowance, Conveyance Allowaces, Special allowance etc.
Performance Incentive based on the particular individual performance. It will change time to time.
Pf deduction @12% on basic salary
ESIC @1.75% on employees total earning
for Professional tax deduction there has slab.
From India, Mumbai
1. Fixed Salary
2. Performance based variable salary
In fixed salary includes Basic, HRA, LTA, Medical Allowances, Children Education Allowance, Conveyance Allowaces, Special allowance etc.
Performance Incentive based on the particular individual performance. It will change time to time.
Pf deduction @12% on basic salary
ESIC @1.75% on employees total earning
for Professional tax deduction there has slab.
From India, Mumbai
Hi,
Salary structure would change from company to company. As reshma said, if its fixed salary then the PF would be 12% from basic salary. 1.75% would be the esi from gross salary which should not exceed 9999- Grosalary.(ie., Gross Salary 7k * 1.75 ESI = 122.50)
Professional Tax will differ from state to state.
You can download all detail related salary structure in cite hr itself.
Thanks & Best Regards
Vimal
From India, Bangalore
Salary structure would change from company to company. As reshma said, if its fixed salary then the PF would be 12% from basic salary. 1.75% would be the esi from gross salary which should not exceed 9999- Grosalary.(ie., Gross Salary 7k * 1.75 ESI = 122.50)
Professional Tax will differ from state to state.
You can download all detail related salary structure in cite hr itself.
Thanks & Best Regards
Vimal
From India, Bangalore
Hi to all can any one pls say me wat is variable structure how to calculate.we are recruting marketing exceutives pls help me how to calculate for marketing executives
From India, Hyderabad
From India, Hyderabad
Hai anila,
As u asked normally salary can be paid under some heads this is called sallary breakup. To pay the employees provident fund and to give some allowances to the personnel sallary breakup is used.
Probabily used heads are: Basic, Daily allowances, site allowance, etc.,
PF will be remitted over the amount paid under basic head.
You can use the other heads for salary breakup as per ur companies policy.
VINAY
From India, Kakinada
As u asked normally salary can be paid under some heads this is called sallary breakup. To pay the employees provident fund and to give some allowances to the personnel sallary breakup is used.
Probabily used heads are: Basic, Daily allowances, site allowance, etc.,
PF will be remitted over the amount paid under basic head.
You can use the other heads for salary breakup as per ur companies policy.
VINAY
From India, Kakinada
Hi
The Salary structure varies company to company based on their C & B policies. Some of the common Pay heads used are
1) Basic - 35% - 50% of Gross
2) HRA - 40% of Basic for Non metro & 50% of basic for Metro
3) Con - Max Rs. 800/ P M which is Max of Rs. 9600 P A
4) Medical Reim - Max Rs. 1250 / PM which can be max of Rs 15000 PA
5) Spl Allow - Balance of Gross will be provided as Spl Allow
Statutory
1) PF
Emp Contribution - 12% on Basic
Emp'r Contribution - 13.61% on basic
2) ESI - Applicable to employees whose Gross Salary is less than or equal to Rs.10000
Emp Contribution - 1.75% on Grorss
Emp'r Contribution - 4.75% on Gross
PT Slab - It Varies State to state
Net Salary = Gross - PF (Emp Cont) - ESI (Emp Cont) - PT
CTC = Gross + PF (Emp'r Cont) - ESI (Emp'r Cont)
If Employees coming under high Salary Then you can again split up the amount in Spl Allow As
1) Food coupons
2) Car Hire
3) Petrol and Maint for Car
4) LTA
FBT is applicable Apart from LTA.
From India, Madras
The Salary structure varies company to company based on their C & B policies. Some of the common Pay heads used are
1) Basic - 35% - 50% of Gross
2) HRA - 40% of Basic for Non metro & 50% of basic for Metro
3) Con - Max Rs. 800/ P M which is Max of Rs. 9600 P A
4) Medical Reim - Max Rs. 1250 / PM which can be max of Rs 15000 PA
5) Spl Allow - Balance of Gross will be provided as Spl Allow
Statutory
1) PF
Emp Contribution - 12% on Basic
Emp'r Contribution - 13.61% on basic
2) ESI - Applicable to employees whose Gross Salary is less than or equal to Rs.10000
Emp Contribution - 1.75% on Grorss
Emp'r Contribution - 4.75% on Gross
PT Slab - It Varies State to state
Net Salary = Gross - PF (Emp Cont) - ESI (Emp Cont) - PT
CTC = Gross + PF (Emp'r Cont) - ESI (Emp'r Cont)
If Employees coming under high Salary Then you can again split up the amount in Spl Allow As
1) Food coupons
2) Car Hire
3) Petrol and Maint for Car
4) LTA
FBT is applicable Apart from LTA.
From India, Madras
I have one more doubt in doing salary slabs say for example if an employee salary is 24,000 rs per month or 2.88 lakhs per month how can i create salary slab for this employee which includes PF,ESI and other allowances(what other can i include in slabs like HRA,any other which you think i can add so that the employee can avoid slab to maximum extent i am in chennai now.Please guide me,thanks.
Thanks,
Subramanyam
From India, Madras
Thanks,
Subramanyam
From India, Madras
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Salary Break Up.xlsx
New Comart Salary Break up-Calculator.z ip