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Annexure Name - Ajay Kumar Designation: Operation Executive: Compensation Components in Rupees Per Month Gross Pay

Ajay Kumar is an Operation Executive with a gross monthly pay of Rs. 17,483 including basic pay of Rs. 10,000, HRA of Rs. 5,000 and bonus of Rs. 833. His cost to the company is Rs. 20,000 per month. His net take home pay is Rs. 15,777 after deductions of Rs. 4,223 for PF, ESIC, LWF and professional tax.

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Ajay Kumar
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145 views2 pages

Annexure Name - Ajay Kumar Designation: Operation Executive: Compensation Components in Rupees Per Month Gross Pay

Ajay Kumar is an Operation Executive with a gross monthly pay of Rs. 17,483 including basic pay of Rs. 10,000, HRA of Rs. 5,000 and bonus of Rs. 833. His cost to the company is Rs. 20,000 per month. His net take home pay is Rs. 15,777 after deductions of Rs. 4,223 for PF, ESIC, LWF and professional tax.

Uploaded by

Ajay Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Annexure

Name - Ajay Kumar

Designation: Operation Executive

Compensation Components In Rupees

Per Month

Gross Pay
Basic (50% on annual fixed pay) 10000
HRA (50% on basic) 5000
Bonus (8.33% on Basic Salary) 833
Special Allowance 1650

Fixed CTC 17483

Provident Fund (Employer's Contribution - 12% of Basic) 1200

ESIC @ 4.75 % 830

LWF 6

Gratuity (As per Act - 4.81% of Basic) 481

Cost to Company 20000


Deductions

Provident Fund (Employee's Contribution - 12% of Basic) 1200

ESiC @1.75% 306

LWF 0

Professional Tax 200

Net Take Home 15777


exure

In Rupees

Per Annum

120000
60000
9996
19795

209791

14400

9965

72

5772

240000

14400

3671

24

2500

189196

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