concessions or facilities that an employee is privileged to receive
. perquisites and arrears of salary received by an employee from the employer or exemployer constitutes the salary income of an individual.Salary/Remuneration
All remuneration including allowances. Allowances directly add to an individual's monetary income. while perquisites are in the nature of benefits.
Basic SalaryDearness allowance House Rent Allowance Conveyance Allowance Medical Allowance Special Allowance Incentives
Is calculated on your CTC i.e. 50% of your CTC is considered as Basic Salary
20% of your basic salary is considered as DA in your salary component
DA is calculated on your Basic Salary i.e.
.House Rent Allowance
HRA is calculated on your Basic Salary i.e. 40% of Basic Salary.
Conveyance & Medical Allowance
Conveyance is fixed at 800/.per month
.per month Medical Allowance is fixed at 1250/.
Special Allowance is the component after necessary deductions are done/ remaining amount is given as special allowance.
Employer contribution ( ESI deductions only if Gross salary is <=15.75% on Gross Salary.000/.Deductions
PF.12% on Basic + DA
± 12% of Employee contribution ± 12% of Employer contribution
ESI.Rs PM) ESI is calculated on the earning of individual Earnings include ± Incentives ± Bonus etc
.75% on Gross Salary-Employee contribution 4.1.
PT.000/-Rs ± 200/-Rs PM > 15.Professional Tax is deducted on Gross salary as per Karnataka Shops and Establishment Act ± 150/.000/Rs
.Rs PM >10.000/-Rs and < 15.000/-Rs and< 50.
(Basic+DA)/ 12 months* 15days of earning/ 26 days of the month upon completion of 5 years you are eligible for Gratuity amount i. per year gratuity* no of years served in one company
Rs Upon completion of 4 years.40000/.Incentives
G1 and G2.5% of Basic G3 and G4-10% of Basic G5 and Above management decision
5% on basic for all the Grades Constancy is paid upon completion of 1 year
Upon completion of 2years.Rs Upon completion of 3 years.Rs
Salary Break up Name Designation Grade XYZ ZXY 1
Particulars Basic Salary Dearness Allowance House Rent Allowance Conveyance Allowance Other Allowance Gross Salary (A) Provident Fund Employer Contribution ESI Employer Contribution Performance Incentives Constancy Bonus Gratuity Total (B) Total Cost To Company (A) + (B)
Monthly Yearly Compensation Compensation 3477 41724 695 1391 800 591 6954 8345 16690 9600 7090 83448
501 330 174 174 NA 1179 8133
6008 3964 2086 2086 2407 16552 100000