65000 Take Home Salary Slip

Hi,Sorry, Mr. Pardeep, but you have taken the wrong figures in your calculation:Monthly Annual (Mr. Pardeep) New CalculationBASIC 6250 75000 6250 75000HRA 5000 60000 5000 60000Conveyance 3125 37500 3125 37500Child Education 1095 13140 655 7860Special Allowance 6...

Dear Sir/Man,Please help me. I need a payslip for Rs. 20,000/- as take-home salary and Rs. 3,000/- fixed for travel and mobile allowance, making a total of Rs. 23,000/-. I am looking for correct salary slip samples. Can somebody please help me?Thanks & Regards

Aditya,You mentioned that HRA should be 40 or 50% of basic as per the Act. Which Act specifies this?Varghese Mathew

Hi Pradeep,1\. PF deduction is on basic + DA + RA (if any retention allowances are provided by the employer).2\. Could you please elaborate on what is meant by minimum deduction?3\. Yes, starting from the 1st of September, this new wage ceiling will come into ef...

Dear Varghese Mathew HRA depends on Income Tax Law. Employees generally receive a house rent allowance (HRA) from their employers. This is a part of the salary package, in accordance with the terms and conditions of employment. HRA is given to meet the cost of a...

I appreciate your reply. I have one more doubt, and I request seniors to clarify. If gratuity and employer EPF are part of the gross salary, then while calculating salary (as explained above by Mr. Pradeep and others), one must take care of these factors, i.e., ...

@PRADEEP:> Sir, as per my knowledge, most of the companies follow PF deduction on Basic only. Only a few companies follow minimum deduction. Earlier it was ₹6,500 but now ₹15,000.> > Yes, the PF contribution should be on the Basic+DA, as Aditya has mentioned. Th...

I appreciate Mr. Pradeep's detailed answer. However, I feel that for calculation purposes, bonus and gratuity components also need to be taken into account as they are deferred payments.Regards

Dear Mr. Pradeep Sahukari,There is no Income Tax Law as such as per my best knowledge; it is either the Income Tax Act or Income Tax Rule. Does the IT Act prohibit you from giving more or less than 40%/50% of the basic?The IT Act states that the maximum deductib...