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    Compensation Examples

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    NAFEES NASRUDDIN PATEL
    The document contains multiple practical scenarios calculating employee compensation, deductions, and benefits. Scenario 1 breaks down an employee's gross salary into basic salary, housing allowance, and medical allowance. Scenario 2 deducts tax and EOBI contributions from the gross package. Scenario 3 further deducts PF contributions, reducing the net salary. Scenario 4 shows PF contributions and balances over three months. Scenario 5 provides a sample payslip. Scenarios 6-9 calculate end of service benefits and compensation for different time periods. Scenario 10 calculates overtime pay based on hours worked and a provided formula.

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    Compensation Examples

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    NAFEES NASRUDDIN PATEL
    48 views26 pages
    The document contains multiple practical scenarios calculating employee compensation, deductions, and benefits. Scenario 1 breaks down an employee's gross salary into basic salary, housing allowance, and medical allowance. Scenario 2 deducts tax and EOBI contributions from the gross package. Scenario 3 further deducts PF contributions, reducing the net salary. Scenario 4 shows PF contributions and balances over three months. Scenario 5 provides a sample payslip. Scenarios 6-9 calculate end of service benefits and compensation for different time periods. Scenario 10 calculates overtime pay based on hours worked and a provided formula.

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    The document contains multiple practical scenarios calculating employee compensation, deductions, and benefits. Scenario 1 breaks down an employee's gross salary into basic salary, housing allowance, and medical allowance. Scenario 2 deducts tax and EOBI contributions from the gross package. Scenario 3 further deducts PF contributions, reducing the net salary. Scenario 4 shows PF contributions and balances over three months. Scenario 5 provides a sample payslip. Scenarios 6-9 calculate end of service benefits and compensation for different time periods. Scenario 10 calculates overtime pay based on hours worked and a provided formula.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    48 views26 pages

    Compensation Examples

    Uploaded by

    NAFEES NASRUDDIN PATEL
    The document contains multiple practical scenarios calculating employee compensation, deductions, and benefits. Scenario 1 breaks down an employee's gross salary into basic salary, housing allowance, and medical allowance. Scenario 2 deducts tax and EOBI contributions from the gross package. Scenario 3 further deducts PF contributions, reducing the net salary. Scenario 4 shows PF contributions and balances over three months. Scenario 5 provides a sample payslip. Scenarios 6-9 calculate end of service benefits and compensation for different time periods. Scenario 10 calculates overtime pay based on hours worked and a provided formula.

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    of 26

    CALCULATING

    COMPENSATION

    NOMAN H. MALIK
    PRACTICAL SCENARIO No. 01
    PRACTICAL SCENARIO No. 01

    Particulars Rate Amount


    Basic Salary 66.66% 49,995
    House Rent Allowance 23.34% 17,505
    Medical Allowance 10.0% 7,500
    Gross Salary 75,000
    Fuel Allowance 3,000
    Gross Package 78,000
    PRACTICAL SCENARIO No. 02
    PRACTICAL SCENARIO No. 02

    Gross Package 78,000/-

    Tax (167)

    EOBI (130)

    Net Salary 77,703/-

    Rs. 297/- deducted from Arif’s salary due to tax & EOBI contribution
    TAX SLABS
    TAX SLABS
    Tax Liability
    Slab # Taxable Income To Not exceed rupees Rate of Tax Addition Monthly
    Yearly
    -
    1 - 400,000 0.00% -

    2 400,001 to 800,000 0.00% 1,000 -

    3 800,001 to 1,200,000 0.00% 2,000 2,000 167

    4 1,200,001 to 2,500,000 5.00% 2,000 -

    5 2,500,001 to 4,000,000 15.00% 65,000 -

    6 4,000,001 to 8,000,000 20.00% 290,000 -

    7 8,000,001 to 99,999,999 25.00% 1,090,000 -


    PRACTICAL SCENARIO No. 03
    PRACTICAL SCENARIO No. 03

    Gross Package 78,000/-

    PF Employee Contribution @ 10% of Gross Salary 75,000/- (5000)

    TAX (167)

    EOBI (130)

    Net Salary 72,871/-

    Rs. 5,297/- deducted from Arif’s salary due to PF and tax purposes

    Basic Salary 49,995/-


    PRACTICAL SCENARIO No. 04
    PRACTICAL SCENARIO No. 04

    PF Employee Contribution For June-18 5,000


    PF Employee Contribution For July-18 5,000
    PF Employee Contribution For August-18 5,000
    Total Employee Contribution 15,000

    PF Employer Contribution For June-18 5,000


    PF Employer Contribution For July-18 5,000
    PF Employer Contribution For August-18 5,000
    Total Employer Contribution 15,000

    Total Provident Fund Balance 30,000


    PRACTICAL SCENARIO No. 04

    Mr. Arif can only avail salary advance of Rs. 30,000/- at max. However, he is
    entitled to avail to Rs. 62,400/-.
    PRACTICAL SCENARIO No. 05
    PRACTICAL SCENARIO No.05
    Belta Corp. Limited
    Payslip For the Month of June 2018

    Name: Ali Hasan Emp. Code: 0004406


    Designation: Senior Marketing Executive ID Card No.: 42501-123456-7
    Department: Sales & Marketing
    Job Grade: SE - II Paid Days: 30
    Location: Head Office Karachi Payment Mode: Bank Transfer
    Gross Package: RS. 52,000

    Earnings Amount (PKR) Deductions Amount (PKR)

    Basic Salary 34,663.00 Income Tax 83.00


    House Rent Allowance 12,137.00 PF Contribution 3,466.00
    Medical Allowance 5,200.00 EOBI 130.00
    Fuel Allowance 3,000.00

    Total 55,000.00 Total 3,679.00

    Net Salary 51,321.00 (Rupees Fifty One Thousand Three Hundred & Twenty One Only)
    PRACTICAL SCENARIO No. 06
    PRACTICAL SCENARIO No. 06
    Nova Textile
    Payslip For the Month of October 2018

    Name: Muneer Shahid Emp. Code: 0669


    Designation: Senior Admin Officer ID Card No.: 42501-123456-7
    Department: Administration Date of Joining: 12-October-2018
    Job Grade: SO - II Paid Days: 31
    Location: Head Office Karachi Payment Mode: Bank Transfer
    Gross Package: RS. 30,000

    Earnings Amount (PKR) Deductions Amount (PKR)

    Basic Salary 12,902.00 EOBI 84.00


    House Rent Allowance 4,517.00
    Medical Allowance 1,935.00

    Total 19,354.00 Total 84.00

    Net Salary 19,270.00 (Rupees Nineteen Thousand Two Hundred & Seventy Only)
    PRACTICAL SCENARIO No. 07
    PRACTICAL SCENARIO No. 07
    Particulars Amount
    Gross Salary 225,000
    Vehicle Allowance 45,000

    Particulars Days Amount

    Salary For Dec-18 5 36,290


    V.Allowance For Dec-18 5 7,258
    PF Employee Contribution 830,000
    PF Employer Contribution 830,000
    Gratuity @ 6 years 1,350,000

    Total Payable 3,053,548/-


    PRACTICAL SCENARIO No. 08
    PRACTICAL SCENARIO No. 08

    Particulars Amount
    Gross Salary 200,000
    Vehicle Allowance 38,000

    Particulars Days Amount

    Salary For Dec-18 27 174,194


    V.Allowance For Dec-18 27 33,097
    PF Employee Contribution 570,000
    PF Employer Contribution 570,000
    Gratuity @ 7 years 1,400,000

    Total Payable 2,747,290/-


    PRACTICAL SCENARIO No. 09 - SESSI
    PRACTICAL SCENARIO No. 10 – overtime
    PRACTICAL SCENARIO No. 10

    Particulars Amount
    Gross Salary 22,000.00
    Total Overtime Hours 80.00

    Particulars Amount

    Overtime formula (Salary/208*2*number of hrs)

    Overtime amount 16,923

    Total Overtime 16,923/-


    PRACTICAL SCENARIO No.11 – overtime
    PRACTICAL SCENARIO No. 11
    THANK YOU

    NOMAN H. MALIK
    Course Instructor

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