How To Calculate Superannuation
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Hi Simta,Yes, you have asked a very relevant question, but can you give us a CTC figure of which you have to prepare a break-up.Anyways, the Basic would be approximately 40-50% of the gross, and 40-60% of that would be HRA. Conveyance Allowance is fixed at 800/-...
So it's the gross salary per month, right?If so, the basic amount would be 50% of the gross salary, followed by HRA (40% of basic), Medical (15% of basic), and LTA (40% of basic). These are the general components of any salary.
Dear All,First of all, namaste from my side to you all. I want to inform you that I am new on this forum and I want to know one thing: how to calculate the salary. I am the HR manager of a newly established IT company, and we don't have an accountant right now. ...
Hello, I am working in a college under the UGC pay band 15600-6000-39100\. I want to know if the 6000 will be an annual increment or if the AGP is something else.Thanks
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Dear Shivani,We can surely help you out. Is the 12000/- figure that you have mentioned the net amount of the Gross monthly salary?Regards,Ashwini
As per the Gratuity Act, an employee who puts in 5 years of continuous service, including teachers in educational institutions, is eligible for gratuity. For the calculation of gratuity, only the basic pay + DA that was last drawn by the employee is to be taken ...
Dear Vijay,The Gratuity Act of 1972 prescribes under Section 4(2) the manner in which gratuity needs to be calculated. It shall be at the rate of 15 days' wages last drawn by an employee for each completed year of service, and any period in excess of six months ...
Give an option for research. Given above, you get the details you need, already being well discussed.Actually, there is no calculation pertaining to that. It is the fixed amount in lump sum given by the company to the employee for his loyal service for continuou...
Dear Sir/Madam,Kindly let me know, while calculating gratuity, whether only the Basic pay is taken into consideration or if Basic pay + DA is considered. Also, I would like to understand if the rule for gratuity differs for University-approved teachers, consider...