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  • HRM Sheet Capping Amount

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    rahila ak
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    Employee A's salary was capped at Rs. 170000 after an 11% increment. Employee B's salary was capped at Rs. 170000 after a 13% increment. Employee C's salary was capped at Rs. 170000 after an 11% increment. The yearly difference in payroll after capping for Employees A, B and C was Rs. 91200, Rs. 156720 and Rs. 144480 respectively. The total yearly payroll difference across the three employees was Rs. 310918.

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    Employee A's salary was capped at Rs. 170000 after an 11% increment. Employee B's salary was capped at Rs. 170000 after a 13% increment. Employee C's salary was capped at Rs. 170000 after an 11% increment. The yearly difference in payroll after capping for Employees A, B and C was Rs. 91200, Rs. 156720 and Rs. 144480 respectively. The total yearly payroll difference across the three employees was Rs. 310918.

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    © All Rights Reserved
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    17 views2 pages

    HRM Sheet Capping Amount

    Uploaded by

    rahila ak
    Employee A's salary was capped at Rs. 170000 after an 11% increment. Employee B's salary was capped at Rs. 170000 after a 13% increment. Employee C's salary was capped at Rs. 170000 after an 11% increment. The yearly difference in payroll after capping for Employees A, B and C was Rs. 91200, Rs. 156720 and Rs. 144480 respectively. The total yearly payroll difference across the three employees was Rs. 310918.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    capping amount =170000

    EMP SALARY GRADE % INCREMENT AMT TOTAL SALARY CAPPING AMT


    A 160000 A 11% 17600 177600 170000
    B 162000 A+ 13% 21060 183060 170000
    C 164000 A 11% 18040 182040 170000

    benefit gross basic pf amount pf amount monthly


    pf 177600 117216 11722 11722 23443
    bonus 2 355200

    benefit gross basic pf amount pf amount monthly


    pf 183060 120820 12082 12082 24164
    bonus 2 366120
    diff*12
    DIFF AMT NEW SALARY PART OF PAYROLL YEARLY DIFF AMOUNT Y1 Y2
    7600 170000 10000 91200 45600 45600
    13060 170000 8000 156720 78360 78360
    12040 170000 6000 144480 72240 72240

    yearly
    281318
    29600
    310918

    yearly
    289968
    30510
    320478

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