From "slgoswami" : HI dear I am sanjay, i need salary calculation, please anybody have this calculation please send me.
24th June 2008 From India , Lucknow

Here is the example of salary calculations:

SALARY CALCULATIONS



















GROSS
:
6325









BASIC
4362















hra 25%
1091



P TAX GROSS SALAB STATEMENT









cca 10 %
436



1600-2000
16
0









con 10%
436



2001-3000
25
0









GROSS
6325



3001-4000
35
0









bonus 20 %
872
20% OF BONUS


4001-5000
45
0









pf 12 %
523
COMPANY PF CONTRIBUTION(12%)


5001-6000
60
0









esi 4.75 %
280
COMPANY ESI CONTRIBUTION(4.75%)


6001-10000
80
80









CTC
8000
COST TO COMPANY


10001-15000
100
0









pf 12 %
523
PF EMPLOYEE (12% ON BASIC)


15001-20000
150
0









pf 12 %
523
PF COMPANY(12% ON BASIC ABOVE OF 6500 GET 780)


20000 ABOVE
200
0









esi 1.75 %
103
ESI EMPLOYEE (1.75% ON BASIC+HRA+CCA)














esi 4.75 %
280
ESI COMPANY(4.75% ON BASIC+HRA+CCA)


PTAX

80









PT
80















BONUS 8.33%
363
BONUS OF YEARLY(8.33%)














TOTAL DEDUCTIONS
1873
TOTAL DEDUCTIONS














TAKE HOME
6127
TAKE HOME OF EMPLOYEE SALARY

















25th June 2008 From India , Delhi
SALARY CALCULATIONS



















GROSS
:
6325









BASIC
4362















hra 25%
1091



P TAX GROSS SALAB STATEMENT









cca 10 %
436



1600-2000
16
0









con 10%
436



2001-3000
25
0









GROSS
6325



3001-4000
35
0









bonus 20 %
872
20% OF BONUS


4001-5000
45
0









pf 12 %
523
COMPANY PF CONTRIBUTION(12%)


5001-6000
60
0









esi 4.75 %
280
COMPANY ESI CONTRIBUTION(4.75%)


6001-10000
80
80









CTC
8000
COST TO COMPANY


10001-15000
100
0









pf 12 %
523
PF EMPLOYEE (12% ON BASIC)


15001-20000
150
0









pf 12 %
523
PF COMPANY(12% ON BASIC ABOVE OF 6500 GET 780)


20000 ABOVE
200
0









esi 1.75 %
103
ESI EMPLOYEE (1.75% ON BASIC+HRA+CCA)














esi 4.75 %
280
ESI COMPANY(4.75% ON BASIC+HRA+CCA)


PTAX

80









PT
80















BONUS 8.33%
363
BONUS OF YEARLY(8.33%)














TOTAL DEDUCTIONS
1873
TOTAL DEDUCTIONS














TAKE HOME
6127
TAKE HOME OF EMPLOYEE SALARY
































Here is an example of salary Calculations. These are not hard & fast rules for everyone. Some companies dont apply some of these.

BASIC.........................4362
HRA 25%.....................1091
CCA 10 %.....................436
CON 10% .....................436
GROSS .......................6325
BONUS 20 % .................872 20% OF BONUS
PF 12 % .......................523 COMPANY PF CONTRIBUTION(12%)
ESI 4.75 % ...................280 COMPANY ESI CONTRIBUTION(4.75%)
CTC ...........................8000 COST TO COMPANY
PF 12 % .......................523 PF EMPLOYEE (12% ON BASIC)
PF 12 % .......................523 PF COMPANY(12% ON BASIC ABOVE OF 6500 GET 780)
ESI 1.75 % ...................103 ESI EMPLOYEE (1.75% ON BASIC+HRA+CCA)
ESI 4.75 % ...................280 ESI COMPANY(4.75% ON BASIC+HRA+CCA)
PT ................................80
BONUS 8.33% ...............363 BONUS OF YEARLY(8.33%)
TOTAL DEDUCTIONS .....1873 TOTAL DEDUCTIONS
TAKE HOME .................6127 TAKE HOME OF EMPLOYEE SALARY


*** PT Slabs
GROSS : 6325

P TAX GROSS ..SALAB ....PT
1600-2000 ...........16 .....0
2001-3000 ...........25 .....0
3001-4000 ...........35 .....0
4001-5000 ...........45 .....0
5001-6000 ...........60 .....0
6001-10000 .........80 ....80
10001-15000 ......100 .....0
15001-20000 ......150 .....0
20000 ABOVE .....200 .....0

As per Slab & Gross Salary PTAX = Rs. 80

Here is an example of salary Calculations. These are not hard & fast rules for everyone. Some companies dont apply some of these.

BASIC.........................4362
HRA 25%.....................1091
CCA 10 %.....................436
CON 10% .....................436
GROSS .......................6325
BONUS 20 % .................872 20% OF BONUS
PF 12 % .......................523 COMPANY PF CONTRIBUTION(12%)
ESI 4.75 % ...................280 COMPANY ESI CONTRIBUTION(4.75%)
CTC ...........................8000 COST TO COMPANY
PF 12 % .......................523 PF EMPLOYEE (12% ON BASIC)
PF 12 % .......................523 PF COMPANY(12% ON BASIC ABOVE OF 6500 GET 780)
ESI 1.75 % ...................103 ESI EMPLOYEE (1.75% ON BASIC+HRA+CCA)
ESI 4.75 % ...................280 ESI COMPANY(4.75% ON BASIC+HRA+CCA)
PT ................................80
BONUS 8.33% ...............363 BONUS OF YEARLY(8.33%)
TOTAL DEDUCTIONS .....1873 TOTAL DEDUCTIONS
TAKE HOME .................6127 TAKE HOME OF EMPLOYEE SALARY

*** PT Slabs
GROSS : 6325

P TAX GROSS ..SALAB ....PT
1600-2000 ...........16 .....0
2001-3000 ...........25 .....0
3001-4000 ...........35 .....0
4001-5000 ...........45 .....0
5001-6000 ...........60 .....0
6001-10000 .........80 ....80
10001-15000 ......100 .....0
15001-20000 ......150 .....0
20000 ABOVE .....200 .....0

As per Slab & Gross Salary PTAX = Rs. 80
25th June 2008 From India , Delhi
salary calculation is totally depends on "CA" for the particular company.
According to our companie's salary calculation is
PAY & ALLOWANCES
BASIC SALARY =50% (GROSS SALARY)
HRA =46% to 47%(GROSS SALARY)
DA =40%(GROSS SALARY)
MEDICAL ALLOWANCES =15%(GROSS SALARY)
DEDUCTIONS
PROFESSIONAL TAX = Rs 100 up to 10,000 IF more than 10,000 THEN PT IS Rs 200.
PROVIDEND FUND = Rs 2500 to 3500
TOTAL NET SALARY = PAY & ALLOWANCES - DEDUCTIONS
30th June 2008 From India , Hyderabad
I have recieved the part claim of PF of my late husband is it posible to get the remaining after 5 years.....
3rd July 2008 From India , Pune
hi all...
in our company, we have recurited freshers and are providing them stipends upto Rs. 14, 000. should we deduct PT and IT for the stipend or should not? any one please help me in this regard......
5th July 2008 From India , Bangalore
Hi,
you can calculate salaries like this everymonth.....
Earnings
Basic - 50% on Gross Salary
HRA - 40% & 50 % B (B grade Cities & A grade cities)
Conv. - 800
Spl . Allowances - Difference amount
Deductions
PF - 12% on basic salary
Prof. Tax (depends on state)
ESI - 1.75% (applicable only less than/equal to 10000/- salaried employees)
TDS (if applicable)
Regards
Naresh
11th July 2008 From India , Hyderabad
hy dear,
u want to know how calculate salary.send me monthly total salory iwill send u how calculate basic salory and other information.u also send me hra %,convience % and other allounces which ur company provide to employee?
11th July 2008 From India , Faridabad
Priya,
So far my knowledge goes, all payments above 20000 a year to employees or professionals or consultants or anyone providing any service are taxable. TDS need to be deducted as per provision of the Income Tax laws.
In case of stipend its to be treated as a salary tan employee and will attract TDS.
Profession Tax will have to be deducted too.
Total Annual Salary
Less: P Tax
Less: deduction u/s 80C etc.
Taxable income:

Less: nil taxation slab 1,50,000/- (if male)

Thanks
Sandip
12th July 2008 From India , Calcutta
Hi All, Does PF calculation differs according to the location(ie in Metros and non metros)? If yes, what s the percentage taken for calculation in each? Regards, Rupesh
16th July 2008 From India , Bangalore


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