Salary breakup for employee



Hi,

I want salary breakup of Rs. 8000 / per month

Kindly suggest a components to add into it for partnership firm.

Regards

Dipesh Dedhia

 
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Dipesh Bhai,

 

Is Rs. 8000 net salary or Gross Salary?

 

Which state you belong to?

 
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Vaibhav bhai, Maharashtra, Mumbai
 
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Basic  Rs. 6,000
Special Allowance  Rs. 2,046
HRA  Rs.    300
   
Gross Salary  Rs. 8,345
   
ESIC  Rs.    146
PT  Rs.    200
   
Net  Rs. 8,000

 

PF is not applicable since Basic + SA is greater than Rs. 6500/-

 

ESIC is calculated since Gross is less than Rs. 15000/-

 

IF ESIC is not applicable break up will change.

 

Basic & Sp. Allow as per Minimum wage applicable.

 

Thanks//VaibhavJ

 
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Component Per Annum Per Month
Basic 52,800.00 4,400.00
H.R.A. 26,400.00 2,200.00
Medical Allowance 7,200.00 600.00
Conveyance Allowance 9,600.00 800.00
Monthly / Yearly Gross 96,000.00 8,000.00
Deductions :- - -
Professional Tax 1,800.00 150.00
Net In-Hand Salary 7,850.00

 

 
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Hi

 

Baisc + HRA should be more than Minimum Wages i.e. Rs. 7226

 

Thanks

 
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Vaibhav,

My company is partnership firm.

We are going to appoint executive - software developer

ESIC & PF will not be applicable.

What would be the exact working, if salary per month is Rs. 8000/-

As per accounting standards, seeing employee and employer benefit.

Regards

Dipesh

 
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Ok,

 

First of all since Salary is at present out of tax bracket no need to give Conveyance Allowance.

 

For MH min HRA contribution is 5%, thus breakup is;

 

Basic + SA (as required by Min Wage Act)=7626

HRA = 381

Gross = 8007

Less PT = 125

Net Rs. 7882

 

Thanks

 
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Vaibhav,

Thanks a lot

Please say what would be basic amount and Special allowance amount

Regards

Dipesh

 
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Hi

Basic Rs. 5800, SA Rs.1826.

 

This is applicable till Dec2013.

 

Thanks//VaibahvJ

 
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