slgoswami Started The Discussion:
HI dear I am sanjay, i need salary calculation, please anybody have this calculation please send me.
Posted 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

















Posted 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
Posted 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
Posted 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.....
Posted 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......
Posted 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
Posted 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?
Posted 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
Posted 12th July 2008 From India , Calcutta
I want to bonus caluclation ,if any monthly ceeling ,and yearly ceeling please clarification . Thank you
Posted 14th July 2008 From India , Hyderabad
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
Posted 16th July 2008 From India , Bangalore
Provident Fund Org. is under Central labour minst.....

the same calculations are applicable in all org, in india....

PF Calculations
Employee Basic Salary + DA * 12%
(Some organsations are calculating upto Rs.6500/- cieling)
Employer will be added 3.67% for provident fund + 8.33% (not greater than Rs.541/-) for pension, if there is any amount left that will be added into the provident fund (i.e. 3.67%)

Regards
Naresh-HR
Posted 18th July 2008 From India , Hyderabad
hi , sanjay i am sending a Lay man type calculation hope this may help u.

INFORMATION REGARDING SALARY ANNEXURE



CTC means cost to company
ECTC means Employers cost to company
BASIC 35-45%of basic
HOUSE RENT ALLOUNCES channi, Calcutta,delhi, mumbi 50%of basic
Population more than 10lakh 40%of basic
Population less than 10 lakh 10%of basic
CHILDREN EDUCATION ALLLOUNCES Rs 200
SPECIAL ALLOUNCES as per company rules
LEAVE TRAVEL ASSISTANCE 12%-13% of basic


1. Employes share

PROVIDENT FUND 12% of basic
2. Employes share
12% of basic of which 3.67%goes to Provident fund and remaining 8.33%goes to Pension fund


EMPLOYEES STATE INSURANCE SCHEEME (E.S.I.C)

Established via the ESIS act 1948 the scheme gives both cash and medical benefits to the employees of the factory and services establishments who earn less than a specified wage ceiling currently capped at Rs 7500 per month.
All eligible members contribute 1.75%of wages
Employer 4.75%

GRATUITY (ACT 1972)

Gratuity is paid after 5 years of completion of service
The amount does not exceed the amount Rs 350000
Formula for calculating gratuity
Monthly salary x 15 day x No. of years of service
26
Simple calculation= 4.81% of basic

MEDSICAL 8.33%of basic

ENPLOYEE DIRECT LINKED INSURANCE (EDLIS)
(A/C NO. 21) =0.5%OF BASIC

salaru annexure for ctc 12000ANNEXURECOMPONENTS AMOUNT (Rs. P.M.)BASIC4200.00HOUSE RENT ALLOWANCE1680.00CONVEYANCE ALLOWANCE 800.00UNIFORM MAINTENACE ALLOWANCE1000.00CHILDREN EDUCATION ALLOWANCE200.00SPECIAL ALLOWANCE3218.00TOTAL (A)11098.00PROVIDENT FUND350.00LEAVE TRAVELL ASSISTANCE350.00E.S.I.CGRATUITY ( As per The Payment of Gratuity Act 1972)202.00TOTAL (B)902.00GRAND TOTAL(A+B)12000.00PER ANNUM C.T.C. - 144000.00

sorry sanjay .salary annexure has merged so i am sending it againANNEXURECOMPONENTS AMOUNT (Rs. P.M.)BASIC4200.00HOUSE RENT ALLOWANCE1680.00CONVEYANCE ALLOWANCE 800.00UNIFORM MAINTENACE ALLOWANCE1000.00CHILDREN EDUCATION ALLOWANCE200.00SPECIAL ALLOWANCE3218.00TOTAL (A)11098.00PROVIDENT FUND350.00LEAVE TRAVELL ASSISTANCE350.00E.S.I.CGRATUITY ( As per The Payment of Gratuity Act 1972)202.00TOTAL (B)902.00GRAND TOTAL(A+B)12000.00PER ANNUM C.T.C. - 144000.00for ctc 12000 per month
Posted 25th July 2008 From India , New Delhi
Hi Sir
I am Vinod
Please tell me about p tax like pay process and how much p tex and applicablity
Regards
Vinod Kumar

09818334432:wacko:

Hello Sir
I am Vinod Kumar
I want to know about P Tax like How much p tax is deduction is there from the employee salary and how can i pay this who is applocable for P Tax, there is some crite area for deduction
i need this very urgent
Thanks & Regards
vinod kumar
Posted 25th July 2008 From India , Delhi
Dear Laxmi,
How every component can be calculated on Gross, what i feel none of the component other than basic is calculated on Gross.

Regards
Sankalp Sharma


Dear All,
I just want to ask, is PF mandatory for any firm. I know a company which doesn't give PF component to their employees. What are the rules regarding this.

Thanks & Regards
Sankalp Sharma
09879525774



Posted 27th July 2008 From India , Mumbai
Dear Sanjay,
I have recieved your massage about salary calculation.I have every month salary calculation is 209hrs

Dear Vinod,
hi,I recieved your mail about P tax not deduction only south region and deduction in gross salary.
Rajesh Kumar Paswan

Dear All,
hi I am Rajesh Kumar Paswan P TAX only athourized in south region.
P Tax only subm in every month 7 to 15 between
Rajesh Kumar Paswan
9212530064

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
Posted 28th July 2008 From India , Gurgaon
:)really i have been helped with calculations thanks a lot really its great work i have been helped with this calculations
Posted 30th July 2008 From India , Hyderabad
Hi You can use google for time management write "ppt of time management" you will get ppt of time management
Posted 31st July 2008 From India , Jaipur
Hie Sanjay,
I have a very simple salary structure. It might be of some help,

Basic: keep it 40% of CTC
HRA: 50% of Basic
Transportation allowance: Rs.800 p.m. fully exempted
LTA: annual component, reimbursed.
Medical allowance: Rs.15,000 p.a. reimbursed.

Regards,

Amrita.
Posted 31st July 2008 From India , Mumbai
i want to give the salary slip of employee. How should i create that if she is as trainee programmer & working frm last 4 months.
Posted 31st July 2008 From India , Mumbai
alone 
can you tell me the percentage of Bonus calculation? can u tell me for 8000 gross salary ?
Posted 2nd August 2008 From India , Jaipur
Hi, u want a salary slip show in a form 11. Rajesh:) Dear All, Bonus calculation in basic+DA+VDA. MINIMUM=3500/- about a 8.33% maximun=10000/-about depend on compony. Rajesh :smile:
Posted 3rd August 2008 From India , Gurgaon
Hi Raju, CCA is City Compensatory Allowance CON is Conveyance Conveyance will be paid to employees based upon the grades, Rs.800/- is empeted from the Income Tax, regards, balaji
Posted 5th August 2008 From India , Hyderabad
hi i want to me bonus seeling ,gratuity seeling . Regards , kistaiah p Thank you Rajesh . for exe.salary gross /- gross salary Rs.6500/-
Posted 6th August 2008 From India , Hyderabad
I want to know about PF and graduaty calculation

Hi friends

I want to know about the effective and efficient management please tell me

thanks
sunita

Hi friends

I want to know about the effective and efficient management please tell me this site help me too much thankyou all

thanks
sunita
Posted 6th August 2008 From India , Jaipur
We followed this in our software to Calculate monthly Salary

Basic : 10,000
HRent (60% of Basic): 4000
Others : 3000 (Others having no limit so that Top level managment salary can breakdown properly to reduce Tax & various problem)
Madical : 1000
Gross Salary :18,000

Transport Allownace : 1200
Mobile Allownace : 800
Food Allownace : 600
Tiffin Allownace : 200
Others Allownace : 1000

1. Salary with Allowance : 21800

This is basic Salary structure for employee. When you calculating monthly salary few addition and deduction on salary here i tried to explain it.

2. Salary Adjustment : 2000 (Salary adjustment is required if there is any short payment in previous month or appraisal amount adjustment or others rewards value that will disbursed throug salary)

There should be some deduction on monthly salary.

Income Tax : 1200
Salary Advance :5000
Loan : 1600
Others :200

3. Deductions : 8000

Salary Calculation, Net Payment= (1+2)-3
=15800

Please knock if you have any query regarding this.

Thanks
Posted 11th August 2008 From Bangladesh ,
Hi All,

This is Swetah working as HR in a newly established company at Hyderabad. Need a informantion about salary calculation, in the sense

For How many days we need to consider in a month, either 26 days or 30 days?
If a person is Joined on 24th of the month? and his/her salary is 15k then what is the calaculation we need to do?

We follow this process for calculation:
Basic+DA-50%
HRA-20%
Meidcal-10%
Misc-1%
Conv-6%
Edu/Laptop-13% on Gross

So what should be my payment in such cases?

On what basis i need to deduct Loss of Pay if the person is absent.

Till now we did it on 30 days and the person joined on 24th, we paid 4000K,as per day is 500 and 500*8=4000K

Is this the right way we are following or else let me know exact process how industries usually follow?

Awaiting for your reply

Thanks in Advance
Swetha
Posted 19th August 2008 From India , Hyderabad
Dear Swetah, LOP (loss of Pay) should be calculated always on Basic. Secondly, while calculating salary always take the whole month into account i.e. 30/31 days.
Posted 20th August 2008 From India , Mumbai
hi, LOP’s can calculate like this... Total salary/30*present days - deductions = net salary. Monthly salary will be calculated on 30/31 days not 26 days. Regards Naresh
Posted 20th August 2008 From India , Hyderabad
Hi,

There is a salary meter link on Zyoin-Next generation Career Portal that lets one know what should be the standard salary of a person.

One can use that to establish the standard salary in the company.


Thanks
Krishna
Posted 21st August 2008 From India , Bangalore






 
 
 
 







Found This Useful? +Vote Up This Via Google.  

Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.


About Us - Advertise - Contact Us - RSS   On Google+  
Copyright 2016 Cite.Communities (CiteOps.Com) User contributions are owned by the contributor.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network