how an employee salary should be calculated?
On which basis we should calculate HRA and other allowances?
how to deduct and add PF and ESI contibutions?
how to calculate Gross Salary and Annual Salary?
how to measure CTC?
can i expect any salary structures from our buddies..
can anyone help me regarding this issue.. :(
Regards
Sweety :) :)
From India, Coimbatore
2On which basis we should calculate HRA and other allowances?
how to deduct and add PF and ESI contibutions?
how to calculate Gross Salary and Annual Salary?
how to measure CTC?
can i expect any salary structures from our buddies..
can anyone help me regarding this issue.. :(
Regards
Sweety :) :)
From India, Coimbatore
Maybe this salary break up calculator can help........i downloaded this calculator from cite hr only....... hope u find it useful.. Arpita
From India, Delhi
From India, Delhi
sushmita is right wenever u ask any question try to search it before...................i hope all ur queries will be already solved ot before hand by some one else........try to find it in search option type "salary slip" u will get ur answer...........then if u fail to get ...........put ur question forward
i hope u get my point
Thanx
Regards
Ritcha
From India, Calcutta
i hope u get my point
Thanx
Regards
Ritcha
From India, Calcutta
Here are pointers to some of your queries asked:
how an employee salary should be calculated? : Employee salary is a collection of salary components which says earnings as well as deduction. Earning could be Basic, HRA, LTA, Medical Allowance, Performance bonus etc. Deduction could be EPF, Taxes, Insurance etc.
how to measure CTC?: Sum of all the above components is CTC (Cost-to-Company)
On which basis we should calculate HRA and other allowances?: Usually Basic is calculated as 40% or 50% of CTC. And HRA is calculated as 50% of Basic.
For other questions, it is better to take an online Payroll Management System. Working on Manual excel sheets is always prone to mistakes.
Try FastCollab | Marketplace | All-In-One Platform - It also comes with Employee Self Service login to collect:
1. IT Declaration & investment proofs
2. Bank Details
3. Create any kind of salary structures
4. Generate payslips online
From India, Hyderabad
how an employee salary should be calculated? : Employee salary is a collection of salary components which says earnings as well as deduction. Earning could be Basic, HRA, LTA, Medical Allowance, Performance bonus etc. Deduction could be EPF, Taxes, Insurance etc.
how to measure CTC?: Sum of all the above components is CTC (Cost-to-Company)
On which basis we should calculate HRA and other allowances?: Usually Basic is calculated as 40% or 50% of CTC. And HRA is calculated as 50% of Basic.
For other questions, it is better to take an online Payroll Management System. Working on Manual excel sheets is always prone to mistakes.
Try FastCollab | Marketplace | All-In-One Platform - It also comes with Employee Self Service login to collect:
1. IT Declaration & investment proofs
2. Bank Details
3. Create any kind of salary structures
4. Generate payslips online
From India, Hyderabad
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