Compensation Structure

General
Date 15-Nov-2017
Name XYZ FIXED CTC (PA) 7,00,000

FIXED PAY
Salary Head / Monthly Yearly
Remarks
Component (Rs.) (Rs.)
Basic salary is fixed guaranteed sum paid monthly. The retiral benefits, HRA &
Basic Salary 21,000 2,52,000
Project Completion Incentive are linked to Basic. Basic is fully taxable.

Least of the three is exempt from tax: 50% of Basic Salary / actual HRA Received/
BASE PAY

HRA 10,500 1,26,000

Actual Rent less 10 % of Basic. Tax exemption only if bills/receipts are submitted.

Special Allowance 15,424 1,85,092 Fixed guaranteed sum paid monthly and fully taxable. This is a balancing figure.

Allowance paid monthly towards conveyance. Upto Rs. 1600/- per month is exempt
Conveyance 2,000 24,000
from tax.
Leave Travel Allowance is paid for travel expenditure for self & family within India.
LTA 3,500 42,000 The expenditure incurred on 2 journeys in a block of 4 years is exempt from tax,
ALLOWANCES

only if bills/receipts are submitted.

Paid monthly. Medical Reimbursement is exempt from tax subject to a maximum of
Medical Allowance 1,400 16,800
Rs 15,000 per annum, only if bills/receipts are submitted.

Children's Edu.
225 2,700 Exempt from tax only if fee receipts of children's education are submitted.
Allowance
OTHERS

Employer's PF
2,520 30,240 Provident Fund from Employer's side directly deposited to PF account.
Contribution

Bonus 1,764 21,168 Paid on annual basis in Diwali.

Total Fixed Pay 58,333 7,00,000

Monthly Payout
Monthly Gross 54,049
Less PF 2,520
Less ESIC 0 2,720 TDS as applicable, as per prevailing tax laws.
Less PT 200
Net In Hand 51,329

BENEFITS
Mediclaim Insurance 1,50,000 per year (* Applicable only for employees not covered under ESIC)
is paid when you retire or resign from the organization provided you have completed at least 5 years of
Gratuity
continuous service
*Mobile Reimbursement as per company policy.