Details Yearly Monthly

Employer Employee
Basic 240000 8000 20000
HRA 38400 3200
Educations 2400 200
Conveyance 19200 1600
Medical
Special allowances 6040 note:
ESIC 619
Provident Fund 960
Bonus
Gratuity
13960

14579 5421
19040 salary-pf

2689 proffession tax 150

17311
Details Yearly Monthly
Employer
Basic 360000 12000
HRA 57600 4800
Educations 2400 200
Conveyance 19200 1600
Medical 1250
Special allowances 8710
ESIC
Provident Fund 1440
Bonus
Gratuity 86538 1442
21290

employer
pf 12%
esic 3.25
profession tax
as per the state
below 15000 no profession tax dedcutions
income tax
40% hra from basic for non metro.
50% hra from metro
medical allowance 1250
education 200/month
petrol allownaces upto 4000
food coupons 75 per day
investments per annum upto 100000 per year
Reimbursement food coupons
Gratuity 26 basic +DA/26 day*15 days*total years of experi
example
monthly ctc of gratuity

Pay slip
monthly Gross Earnings-deductions= net home
 Employee monthly
30000 12000
4800
200
1600
1250

4472
25527.69

28560

employee

0.75 beyond 21000 not to be covered

medical allownaces LTA WILL BE 1 MONTH BASIC Newspaper and periodicals Helper
15 days*total years of experience
28846
481

Take home salary pay slip-pf-profession tax

Bonus minimum ois 8.33 and maximum 20%