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  • Salary Breakup

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    bhupender.bt1998
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    Vipin Singh's total CTC is Rs. 26,000 per month. The employer deducts Rs. 4,287 from this amount for provident fund, ESI, leave wages, bonus, and medical insurance. This leaves a gross salary of Rs. 21,713. This gross salary is then broken up into basic pay (30%), HRA (20%), conveyance (17%), medical (10%), LTA (13%), canteen (5%), and child education (5%). Vipin Singh then has Rs. 1,825 deducted for his part of PF, ESI, and LWF contributions, leaving a take home or net salary of Rs. 19,888 after TDS.

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    Vipin Singh's total CTC is Rs. 26,000 per month. The employer deducts Rs. 4,287 from this amount for provident fund, ESI, leave wages, bonus, and medical insurance. This leaves a gross salary of Rs. 21,713. This gross salary is then broken up into basic pay (30%), HRA (20%), conveyance (17%), medical (10%), LTA (13%), canteen (5%), and child education (5%). Vipin Singh then has Rs. 1,825 deducted for his part of PF, ESI, and LWF contributions, leaving a take home or net salary of Rs. 19,888 after TDS.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    9 views1 page

    Salary Breakup

    Uploaded by

    bhupender.bt1998
    Vipin Singh's total CTC is Rs. 26,000 per month. The employer deducts Rs. 4,287 from this amount for provident fund, ESI, leave wages, bonus, and medical insurance. This leaves a gross salary of Rs. 21,713. This gross salary is then broken up into basic pay (30%), HRA (20%), conveyance (17%), medical (10%), LTA (13%), canteen (5%), and child education (5%). Vipin Singh then has Rs. 1,825 deducted for his part of PF, ESI, and LWF contributions, leaving a take home or net salary of Rs. 19,888 after TDS.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    Mr. …… Vipin Singh……. CTC / P.

    M
    CTC 26,000
    Details of employer's part deduction from CTC
    1 P.F @ 13 % Of Earn Gross (Excluding HRA & Celling Amt-15 K) 1950
    2 ESI @ 3.25 % Of Earn Gross (Celling Amt 21 K Gross Salary) 0
    3 LWF @ 0.4 % Of Earn Gross (Sub to Maximun of Rs - 50) 50
    4 BONUS @ 20 % Of Minimum wages 2107
    5 MEDICLAIM Approx - P.M 180
    Total Employer's Part Deduction 4287
    CTC Minus Employers part = Gross Salary 21713
    Breakup Of Gross Salary
    1 Basic 30% 6513.9
    2 Hra 20% 4342.6
    3 Con 17% 3691.21
    4 Medical 10% 2171.3
    5 Lta 13% 2822.69
    6 Canteen 5% 1085.65
    7 Child Ed. 5% 1085.65
    Total 100% 21713
    Gross minus Employee Part = Take Home / Net Salary
    Details of employee part deduction from Gross Salary
    1 P.F @ 12 % Of Earn Gross (Excluding HRA & Celling Amt-15 K) 1800
    2 ESI @ 0.75 % Of Earn Gross (Celling Amt 21 K Gross Salary) 0
    3 LWF @ 0.2 % Of Earn Gross (Sub to Maximun of Rs - 25) 25
    Total Deduction 1825
    Take Home / Net Salary (Sub to TDS) 19888

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