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    Prasad Pawara's gross salary sheet outlines his total compensation which includes a basic salary of Rs. 150,000 per month (Rs. 1,800,000 annually), benefits of Rs. 159500 per month (Rs. 1,914,000 annually), monthly performance pay of Rs. 10,000 (Rs. 120,000 annually), and quarterly variable allowance of Rs. 7,000 (Rs. 21,000 annually). It also includes an annual city allowance of Rs. 1,000 (Rs. 12,000), annual health insurance of Rs. 12,500 (Rs. 150,000), provident fund of Rs. 12,150 (Rs. 145,800) and grat

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    Prasad Pawara's gross salary sheet outlines his total compensation which includes a basic salary of Rs. 150,000 per month (Rs. 1,800,000 annually), benefits of Rs. 159500 per month (Rs. 1,914,000 annually), monthly performance pay of Rs. 10,000 (Rs. 120,000 annually), and quarterly variable allowance of Rs. 7,000 (Rs. 21,000 annually). It also includes an annual city allowance of Rs. 1,000 (Rs. 12,000), annual health insurance of Rs. 12,500 (Rs. 150,000), provident fund of Rs. 12,150 (Rs. 145,800) and grat

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    42 views2 pages

    CM

    Uploaded by

    Ankita jain
    Prasad Pawara's gross salary sheet outlines his total compensation which includes a basic salary of Rs. 150,000 per month (Rs. 1,800,000 annually), benefits of Rs. 159500 per month (Rs. 1,914,000 annually), monthly performance pay of Rs. 10,000 (Rs. 120,000 annually), and quarterly variable allowance of Rs. 7,000 (Rs. 21,000 annually). It also includes an annual city allowance of Rs. 1,000 (Rs. 12,000), annual health insurance of Rs. 12,500 (Rs. 150,000), provident fund of Rs. 12,150 (Rs. 145,800) and grat

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    of 2

    Gross Salary Sheet

    Name Prasad Pawara


    Designation Associate System Engineer

    Table 01: Compensation details (All components in INR)


    Component Category Monthly Annual
    1) Fixed Compensation
    Basic salary 150,000 1800000
    Bouquet of benefits 159500 1914000
    2) Performance Pay
    Monthly Performance Pay 10000 120000
    Quaterly variable allowance 7000 21000
    3) City Allowance 1000 12000
    4) Annual Components/Retirals
    Health Insurance 12500 150,000
    Provident Fund 12150 145800
    Gratuity (4.81%) 7,215 86580
    Total of Annual Components & Retirals 31865 382380
    TOTAL GROSS 391,230 4,631,760

    Table 02: Defined structure for BoB (All components in INR)


    Components Monthly Annual
    House Rent Allowance 75000 900000
    Leave Travel Allowance 15000 180000
    Food Card 5000 60000
    Personal Allowance 64500 774000
    GROSS BOUQUETS OF BENEFITS 159500 1914000
    Salary Components Payable (Per Month) Payable (Annually )

    Description (Rupees) (Rupees)

    Basic 33195 398340

    House Rent Allowance 14938

    OWA & HA 12222

    Gross Salary (A) 60355

    Deductions (B) ##
    PF-Employee's Contribution (12% on
    1800
    Basic Salary)
    Professional Tax 200
    Total of (B) 2000
    Net Take Home = A-B (excluding TDS)
    may reduce further subject to 58355
    modification of applicable rules
    Company Contribution as & when
    724260
    Applicable to CTC (C )

    P.F. Employer’s Cont. (13% on Basic) 4315.35

    Gratuity Employer’s Cont. (4.81% on


    Basic Pay Per Month) (if applicable)

    Total of (C)

    Benefits (D)

    Statutory Bonus and or Ex gratia (as


    applicable)

    Total of (D)

    Fixed CTC = A+C+D

    Product Coupon

    Annual Total CTC

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