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Salary Calculation Yearly & Monthly Break Up of Gross Salary

Ashok Joshi's yearly gross salary is Rs. 264,000 with a monthly breakdown of Rs. 22,000. His salary includes a basic salary of Rs. 171,600 yearly (Rs. 14,300 monthly), HRA of 10% of basic, and allowances for city compensatory, conveyance, medical, education, and LTC that equal 5% of basic each. Deductions include Rs. 9,360 yearly (Rs. 780 monthly) for PF contributions and Rs. 2,400 yearly (Rs. 200 monthly) professional tax. His net yearly salary is Rs. 252,240 with a monthly net of Rs. 21,020.

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366 views1 page

Salary Calculation Yearly & Monthly Break Up of Gross Salary

Ashok Joshi's yearly gross salary is Rs. 264,000 with a monthly breakdown of Rs. 22,000. His salary includes a basic salary of Rs. 171,600 yearly (Rs. 14,300 monthly), HRA of 10% of basic, and allowances for city compensatory, conveyance, medical, education, and LTC that equal 5% of basic each. Deductions include Rs. 9,360 yearly (Rs. 780 monthly) for PF contributions and Rs. 2,400 yearly (Rs. 200 monthly) professional tax. His net yearly salary is Rs. 252,240 with a monthly net of Rs. 21,020.

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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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SALARY CALCULATION

Yearly & Monthly Break Up of Gross Salary

Basic 65% Name ASHOK JOSHI


HRA 10% Dept ACCOUNTS
City Compensatory Allw. 5%
Conveyance 5% Approved by
Medical 5%
Education 5%
LTC 5% Accounts
Details Yearly Grand Totals Monthly
Gross Salary 264,000 22,000
Basic 171,600 14,300
HRA 26,400 2,200
City Compensatory All 13,200 1,100
Conveyance 13,200 1,100
Medical 13,200 1,100
Educational 13,200 1,100
LTC 13,200 1,100
P.F. ( Employers Contribution 12% of
Basic or Rs 780/- whicever is less 9,360
24 Leaves 17,600
Bonus [ If Applicable] 22,000
other costs
CTC 312,960 22,000 Gross PM
CTC [PM] 26,080
Less : Deduction
P.F. ( Employees Contribution 12% of
Basic or Rs 780/- whicever is less 9,360 780
P.F. ( Employers Contribution 12% of
Basic or Rs 780/- whicever is less - -

Professional Tax- standard 2,400 11,760 200 980


Net Salary Payable 252,240 21,020.00 Net PM
Add Performance Bonus
Net PA 252,240

Enter Values only in Yellow Cells

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