Introduction
Welcome to the Salary Breakup Calculator Excel 2022 | Salary Structure Calculator! This calculator is designed to help you quickly and easily calculate the salary structure of your employees. It takes into account all the components of salary such as basic salary, allowances, deductions, and other components. It also provides you with a detailed breakdown of the salary structure, which can be used for payroll processing and other financial calculations. With this calculator, you can easily manage your payroll and ensure that your employees are paid accurately and on time.
Salary Breakup Calculator Excel 2022 | Salary Structure Calculator
The Salary Breakup Calculator Excel 2022 is a free Excel spreadsheet template that helps you calculate your salary structure. It allows you to enter your salary details such as basic salary, allowances, deductions, and other components to calculate your net salary. The calculator also provides a graphical representation of your salary structure. It is a great tool for employers to quickly calculate the salary of their employees.
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Here is a sample salary structure in Excel format which will help you in calculating the net salary of employees and the CTC of the employer. The below salary breakup format in excel consists salary breakup structure, salary breakup percentage, and a CTC calculator.
The salary structure of every employee consists of some basic salary components like basic salary, house rent allowances (HRA), conveyance allowances, special allowances, EPF, ESI, and professional tax.
Components of salary
Basic Salary: Basic salary should be 40% – 60% of gross salary, which will vary from one employer to another employer. In general basic salary should be equal to or more than the minimum wages fixed by the state government of the employer.
HRA allowances: House rent allowances should be at 40% of the basic wage in nonmetro cities, and in metro cities, it should be 50%.
Conveyance allowances: These are fixed allowances. 1600 Rs in urban areas and 800 Rs in rural areas.
Medial allowances: These allowances are fixed to 1250 Rs.
Special allowances: The difference between basic wage and the total of all the allowances is considered special allowances. Simple basic wage – total allowance excluding special allowances.
Deductions
EPF: 12% Provident fund will be deducted if the basic salary of the employee is less than or equal to 15000 Rs. PF is always calculated on basic wage + DA (Dearness Allowances). But in private companies we don’t see dearness allowances, then PF will be calculated on the only basic wage.
Employers will also contribute to PF, they contribute a total of 13%, including PF admin charges.
ESI: It will be calculated on gross wage at a rate of 0.75% for employe and 3.25% for employers. ESI is applicable if the gross salary of the employee is less than or equal to 21000 Rs, otherwise, there is no need to calculate ESI for that employee.
Professional Tax: Professional tax varies from one state to another state. Here are the State-wise professional tax rates in India
What is CTC
CTC means the cost to the company i.e the total expenses of an employer for a particular employee which includes gross salary and employer PF and ESIC contributions.
Every employer needs to pay 13% of the employee’s basic salary towards the EPF account of the employee and 3.25% of the employee’s gross salary as ESIC contribution if applicable.
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Salary Breakup Calculator Excel 2022 | Salary Structure Calculator
Are you looking for a way to calculate your salary structure for the upcoming year? The Salary Breakup Calculator Excel 2022 is the perfect tool for you! This calculator will help you to quickly and accurately calculate your salary structure for the upcoming year. It will also provide you with a detailed breakdown of your salary, including taxes, deductions, and other deductions.
The Salary Breakup Calculator Excel 2022 is easy to use and understand. All you need to do is enter your salary information and the calculator will do the rest. It will provide you with a detailed breakdown of your salary, including taxes, deductions, and other deductions. You can also customize the calculator to fit your specific needs.
The Salary Breakup Calculator Excel 2022 is a great tool for anyone who wants to quickly and accurately calculate their salary structure for the upcoming year. It is easy to use and understand, and it will provide you with a detailed breakdown of your salary, including taxes, deductions, and other deductions. With this calculator, you can easily and accurately calculate your salary structure for the upcoming year.
