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  • Salary Calculation

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    ushasathya
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    The document outlines an employee's monthly and annual salary components including basic salary, allowances, and employer contributions. It shows the employee's net monthly take home salary is Rs. 25,000 with an annual take home of Rs. 300,000. The total annual cost to the company is Rs. 3,44,396 which includes the employee's salary, allowances, insurance premiums, and employer contributions to funds. The employee is also eligible for an annual variable salary component of Rs. 100,000.

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    salary calculation

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    The document outlines an employee's monthly and annual salary components including basic salary, allowances, and employer contributions. It shows the employee's net monthly take home salary is Rs. 25,000 with an annual take home of Rs. 300,000. The total annual cost to the company is Rs. 3,44,396 which includes the employee's salary, allowances, insurance premiums, and employer contributions to funds. The employee is also eligible for an annual variable salary component of Rs. 100,000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    60 views1 page

    Salary Calculation

    Uploaded by

    ushasathya
    The document outlines an employee's monthly and annual salary components including basic salary, allowances, and employer contributions. It shows the employee's net monthly take home salary is Rs. 25,000 with an annual take home of Rs. 300,000. The total annual cost to the company is Rs. 3,44,396 which includes the employee's salary, allowances, insurance premiums, and employer contributions to funds. The employee is also eligible for an annual variable salary component of Rs. 100,000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 1

    Particulars Amount

    (In Rs.) (In Rs.)


    Monthly Annual

    Monthly Components
    Basic Salary 10000 120000
    House Rent Allowance 4000 48000
    Metro City Allowance 6500 78000
    Special Grade Allowance 5700 68400
    Conveyance Allowance Nil Nil
    Total Monthly Components 26200 314400
    Less: Employees contribution to
    Provident Fund 1200 14400
    Total – Net take home salary (1) 25000 300000
    Employers contribution to Provident
    Fund (2) 1361 16332
    Employees contribution to Provident
    Fund (3) 1200 14400
    LTA (4) 12000
    Premium for Mediclaim policy (5) 1158
    Accidental Insurance Premium with a
    coverage of Rs. 300000 (6) 506
    Total Cost to Company
    (1+2+3+4+5+6) 344396
    Annual Variable salary component 100000

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