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Salary Structure

The document outlines a salary structure with breakdown of compensation for employees in various salary brackets. It includes gross salary, deductions like PF, ESI, taxes. It provides reimbursements for expenses like medical, fuel, entertainment. It lists facilities provided like mobile, laptop, car expenses based on salary. The last section shows tax computation for an employee in the 36-50K bracket with taxable income of Rs. 232,200 and total tax liability of Rs. 34,216.60.

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niranjana
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568 views4 pages

Salary Structure

The document outlines a salary structure with breakdown of compensation for employees in various salary brackets. It includes gross salary, deductions like PF, ESI, taxes. It provides reimbursements for expenses like medical, fuel, entertainment. It lists facilities provided like mobile, laptop, car expenses based on salary. The last section shows tax computation for an employee in the 36-50K bracket with taxable income of Rs. 232,200 and total tax liability of Rs. 34,216.60.

Uploaded by

niranjana
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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SALARY STRUCTURE

Deductions

Liabilities

Reimbursements

Salary Sheet

Name
:
Designation
:
Department
:
Date of Birth
:
Date of Joining
:
PLEASE PUT THE GROSS SALRY IN RED COLUMN IN ANY SLAB, U WILL FIND STRUCTURE
Break of Gross 7 - Break upto Gross Break upto Gross Break upto Gross
BREAK UP OF THE SALARY
:
10K
of 11-20K
of 21-35K
of 36-50K
Basic @ 59.40 of Gross :
Rs.
4,950.00 Rs.
10,098.00 Rs.
13,200.00 Rs.
19,140.00
HRA @ 50% of basic
:
Rs.
2,475.00 Rs.
5,049.00 Rs.
6,600.00 Rs.
9,570.00
Conveyance
:
Rs.
800.00 Rs.
800.00 Rs.
800.00 Rs.
800.00
E.A
:
Rs.
200.00 Rs.
200.00 Rs.
200.00 Rs.
200.00
Others
:
Rs.
75.00 Rs.
153.00 Rs.
200.00 Rs.
290.00
A
Gross
:
Rs.
8,500.00 Rs.
16,300.00 Rs.
21,000.00 Rs.
30,000.00
Medical
:
Rs.
Rs.
Rs.
1,250.00 Rs.
1,250.00
Fuel Expenses
:
Rs.
Rs.
Rs.
7,650.00 Rs.
11,250.00
Entertainment
:
Rs.
Rs.
Rs.
5,100.00 Rs.
7,500.00
B
Reimbursements
:
Rs.
Rs.
Rs.
14,000.00 Rs.
20,000.00
C = A+B Monthly Gross
:
Rs.
8,500.00 Rs.
16,300.00 Rs.
35,000.00 Rs.
50,000.00
P.F.
:
Rs.
674.00 Rs.
884.65 Rs.
884.65 Rs.
884.65
E.S.I.
:
Rs.
403.75 Rs.
Rs.
Rs.
WF
:
Rs.
10.00 Rs.
10.00 Rs.
10.00 Rs.
10.00
Ex-Gratia
:
Rs.
Rs.
Rs.
Rs.
D
Liabilities
:
Rs.
1,087.75 Rs.
894.65 Rs.
894.65 Rs.
894.65
E = C+D CTC
:
Rs.
9,587.75 Rs.
17,194.65 Rs.
35,894.65 Rs.
50,894.65
P.F.
:
Rs.
594.00 Rs.
780.00 Rs.
780.00 Rs.
780.00
E.S.I.
:
Rs.
148.75 Rs.
Rs.
Rs.
WF
:
Rs.
5.00 Rs.
5.00 Rs.
5.00 Rs.
5.00
Income Tax
:
Rs.
Rs.
Rs.
Rs.
F
Deductions
:
Rs.
747.75 Rs.
785.00 Rs.
785.00 Rs.
785.00
G = C-F NET TAKE
:
Rs.
7,752.25 Rs.
15,515.00 Rs.
34,215.00 Rs.
49,215.00
FACILITIES
upto
upto
upto
upto
Mobile Handset
n/a
n/a
4000
6000
Mobile
Nil
Rs.
500.00 Rs.
1,000.00 Rs.
2,000.00
Car Expenses
Nil
Nil
3500
Actual

Break upto Gross of


51K and above
Rs.
27,060.00
Rs.
13,530.00
Rs.
800.00
Rs.
200.00
Rs.
410.00
Rs.
42,000.00
Rs.
1,250.00
Rs.
16,050.00
Rs.
10,700.00
Rs.
28,000.00
Rs.
70,000.00
Rs.
884.65
Rs.
Rs.
10.00
Rs.
Rs.
894.65
Rs.
70,894.65
Rs.
780.00
Rs.
Rs.
5.00
Rs.
Rs.
785.00
Rs.
69,215.00
upto
8000
Actual
Actual

Data Card
Laptop

n/a
N/A

n/a
N/A

n/a
Yes

Yes
Yes

Yes
Yes

SALARY STRUCTURE
Name
Designation
Department
Date of Birth
Date of Joining

:
:
:
:
:
:

Basic @ 59.40 of Gross


HRA @ 50% of basic
Conveyance (Fixed)
E.A (Fixed)
Others (balancing)
Gross (70%of Mgross)
Medical
Fuel Expenses
Entertainment
Reimbursements

:
:
:
:
:
:
:
:
:
:

Salary Sheet

BREAK UP OF THE SALARY

Reimbursements

Deductions

Liabilities

C = A+B Monthly Gross


P.F.
E.S.I.
WF
Ex-Gratia
D
Liabilities
E = C+D CTC
P.F.
E.S.I.
WF
Income Tax
F
Deductions
G = C-F NET TAKE
FACILITIES
Mobile Handset
Mobile
Car Expenses
Data Card

:
:
:
:
:
:
:
:
:
:
:
:
:

Break upto Gross


Tax Computation
of 36-50K
Rs.
36,300.00 Rs. 36,300.00 Rs. 435,600.00
Rs.
18,150.00
Rs.
800.00
Rs.
200.00
Rs.
550.00 Rs.
550.00 Rs.
6,600.00
Rs.
56,000.00 Rs. 36,850.00 Rs. 442,200.00
Rs.
1,250.00 Standard Ded.
Rs. 110,000.00
Rs.
13,650.00 Investments
Rs. 100,000.00
Rs.
9,100.00 Taxable Amount Rs. 232,200.00
Tax Slab
Tax Payable
Rs.
24,000.00

Rs. 80,000.00
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.

Rs. 40,000.00
4,356.00 Rs. 100,000.00
Rs. 92,200.00
Total Tax
Ed. Cess@3%
4,356.00 Net Tax
84,356.00
4,356.00
-

2,851.38
7,207.38
72,792.62
upto
6,000.00 One Time
Actual
Actual
=10*2*26/12*45=
Yes

Rs.
Rs.
Rs.
Rs.
Rs.
Rs.

4,000.00
20,000.00
9,220.00
33,220.00
996.60
34,216.60

1950

Laptop

Approx Full Package

Yes

Rs.

86,306.00

One Time

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