What Is Salary Breakup
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Please find out what your minimum wages are for your zone. Accordingly, you can break up the salary to acquire CTC as follows:1\. Basic2\. Special allowance (DA)3\. HRA 10% or as prevailing in your zone4\. PF 13.36% of basic + DA5\. ESI 4.75% of gross salary (ba...
Please remove Medical & Ex Gratia Components.Employees whose Gross Salary is below Rs21,000/- come under the purview of ESI Act, 1948 & The Payment of Bonus Act, 1965.Please find out the Minimum Wages applicable to your establishment to determine Basic & DA. Any...
We can answer this question as 50% of the total salary is treated as Basic + DA by PF enforcement officers. So in no case can it be less than that. Now, HRA can be taken in lines of Income Tax up to 50% of Basic + DA if in a metropolis; in other cases, 40% of Ba...
Hello all,I am Divya Anand, working as a Senior HR Executive in Karvy. Can anyone tell me how to make a salary breakup? If someone is getting 18050 (monthly CTC), what is the percentage of the salary breakup for the below-mentioned headings?1) Basic2) HRA3) Conv...
Dear Mr. Srinath,I cannot help but sympathize with you. When organizations are not professional, then continuing there is not advisable. Since you are at the receiving end and have to accept all the interpretations of the organization. Any organization to succee...
Thank you for the reply.I have not been granted any earned leave. They simply provided me with the breakdown mentioned above and 28 days of leave. Initially, I assumed it was paid leave, but two days ago, they clarified that the 28 days are part of your Cost to ...
Dear Mr. Anonymous,When you have been appointed, in the order of appointment, they would have mentioned your pay, other allowances, and your leave particulars such as CL, Earn Leave, and Medical Leave, etc., as per your organization's procedure.What you have to ...
Dear Anamikaatwork,Leave salary is not deducted from your payment. On the contrary, leave with pay is quantified on PM/PA basis and included in your CTC.Thank you.
The Supreme Court announces that all the special allowances are to be included as basic wages for the calculation of PF. Can anyone tell me how to break up salary now? What are the components of the breakup? One of our employees' Gross Salary is 72000 (basic 381...
Dear Sunil,Greetings.Regarding your first query, it is not affected by Supreme Court orders.Regarding your second query, it will be affected. You need to deduct the PF from special con also, except HRA, Bonus, and Commissions.