Introduction
Salary Breakup for 35000 per Month
If an employee salary is 35000 per month, it includes some basic salary components like basic wage, house rent allowances, conveyance (transport) allowances, medical allowances and other special allowances.
The above are some common allowances that most companies follow, some companies may provide extra allowances also.
35000 Rs Salary Breakup
Basic Wage | 50-60% of Gross Wage. Here we have taken 55% | 19250 |
HRA | 50% of basic wage in metro cities(40% in non metro cities) | 7700 |
Conveyance allowances | Fixed | 1600 |
Medical allowances | Fixed | 1250 |
Other allowances | Balance amount | 5200 |
The above salary includes deductions like EPF, professional tax, health insurance premium etc
Deductions:
12% PF is calculated upto 15000 Rs of basic wage i.e 1800 RS
Health insurance premium can start from 500 Rs based on the insurance scheme.(Hence the gross salary is above 21000, ESI is not applicable).
Professional tax slab rates vary in each state.
Salary slip format for 35000 Rs per month
FAQs
Is 35K is good salary in India
Yes, 35K is a decent salary to lead a good life in India. But actually, it depends whether you have your own house or not, and your lifestyle and where you are living, etc.
Best investment options for 35 K salary
You can do SIP in equity mutual funds like index funds or large-cap funds, multi-cap funds. And keep investing some money in debt instruments like FDs, gold, PPF or NPS, debt funds etc.
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