SALARY CALCULATION

Yearly & Monthly Break Up of Gross Salary

Basic                                           65% Name Mr. XYZ (Marketing Executive)

HRA                                            10% Dept Marketing
City Compensatory Allw.                 5%
Conveyance                                   5% Approved by CEO
Medical                                          5%
Education                                       5% 
Travel Conveyance                          5% Accounts
Details Yearly Grand Totals Monthly
Gross Salary 4,50,000 37,500
Basic                                          2,92,500      24,375
HRA                                            45,000        3,750
City Compensatory All                                            22,500        1,875
Conveyance                                            22,500        1,875
Medical                                            22,500        1,875
Educational                                            22,500        1,875
Travel Conveyance                                            22,500        1,875
P.F. ( Employers Contribution 12% of 
Basic or Rs 780/- whicever is less                                               9,360
24 Leaves                                            30,000
Bonus [ If Applicable]                                                 -
other costs
CTC 4,89,360 37,500 Gross PM
CTC [PM] 40,780
Less : Deduction
P.F. ( Employees Contribution 12% of 
Basic or Rs 780/- whicever is less                                               9,360           780
P.F. ( Employers Contribution 12% of 
Basic or Rs 780/- whicever is less                                                  -           -

Professional Tax- standard                                              2,400 11,760           200 980

Net Salary Payable 4,38,240 36,520.00 Net PM
Add Performance Bonus 
Net PA 4,38,240