worksheet in compensation strategy (compatibility mode)

Manufacturing CosLower Level Staff

CTC for Lower Level - 1 Staff CTC for Lower Level - 2 Staff Emoluments Amount Emoluments Amount Basic Salary 105,000 Basic Salary 135,000 HRA (Fixed) 31,500 HRA (Fixed) 40,500 Conveyance Allowance 9,600 Conveyance Allowance 9,600 Medical Reimb 15,000 Medical Reimb 15,000 Dearness Allowance 2,900 Dearness Allowance 10,400 LTA 10,500 LTA 13,500 Special Allowance 500 Special Allowance 1,000 Gross Earnings 175,000 Gross Earnings 225,000 Per Anum 14,583 18,750

12,600 16,200

Cost to The Company 187,600 241,200 Taxable Income 150,400 Taxable Income 200,400 Upto 1 Lac - (Tax - NIL) 100,000 Upto 1 Lac - (Tax - NIL) 100,000 From 1 Lac to to 1.50 Lac (Tax 10%) 50,000 From 1 Lac to to 1.50 Lac (Tax 10%) 50,000 From 1.50 Lac to 2.50 Lac (Tax 20%) 400 From 1.50 Lac to 2.50 Lac (Tax 20%) 50,400 From 2.50 Lacs + (Tax 30%) - From 2.50 Lacs + (Tax 30%) - Total 150,400 Total 200,400 Tax ComputationUpto 1 Lac - (Tax - NIL) - Upto 1 Lac - (Tax - NIL) - From 1 Lac to to 1.50 Lac (Tax 10.2%) 5,100 From 1 Lac to to 1.50 Lac (Tax 10%) 5,100 From 1.50 Lac to 2.50 Lac (Tax 20.4%) 82 From 1.50 Lac to 2.50 Lac (Tax 20%) 10,282 From 2.50 Lacs + (Tax 30.6%) - From 2.50 Lacs + (Tax 30%) - Gross Tax Payable 5,182 Taxable Income 15,382

Investmnts: Investmnts:Provident Fund 12,600 Provident Fund 16,200

Total Investments 12,600 Total Investments 16,200

Tax % over gross earnings 2.96% 6.84%

PF (12% of basic) - Company Contribution (p.a)


Middle Level StaffCTC for Middle Level - 1Staff CTC for Middle Level - 2 Staff Emoluments Amount Emoluments Amount Basic Salary 210,000 Basic Salary 315,000 HRA (Fixed) 63,000 HRA (Fixed) 94,500 Conveyance Allowance 9,600 Conveyance Allowance 9,600 Medical Reimb 15,000 Medical Reimb 15,000 Dearness Allowance 28,900 Dearness Allowance 54,400 LTA 21,000 LTA 31,500 Special Allowance 2,500 Special Allowance 5,000 Gross Earnings 350,000 Gross Earnings 525,000

29,167 43,750

25,200 37,800

375,200 562,800 Taxable Income 325,400 Taxable Income 500,400 Upto 1 Lac - (Tax - NIL) 100,000 Upto 1 Lac - (Tax - NIL) 100,000 From 1 Lac to to 1.50 Lac (Tax 50,000 From 1 Lac to to 1.50 Lac (Tax 10 50,000 From 1.50 Lac to 2.50 Lac (Tax 100,000 From 1.50 Lac to 2.50 Lac (Tax 2 100,000 From 2.50 Lacs + (Tax 30%) 75,400 From 2.50 Lacs + (Tax 30%) 250,400 Total 325,400 Total 500,400

Upto 1 Lac - (Tax - NIL) - Upto 1 Lac - (Tax - NIL) - From 1 Lac to to 1.50 Lac (Tax 5,100.00 From 1 Lac to to 1.50 Lac (Tax 10 5,100.00 From 1.50 Lac to 2.50 Lac (Tax 20,400 From 1.50 Lac to 2.50 Lac (Tax 2 20,400 From 2.50 Lacs + (Tax 30%) 23,072 From 2.50 Lacs + (Tax 30%) 76,622 Taxable Income 48,572.40 Taxable Income 102,122.40



13.88% 19.45%



Middle Level Staff Top Level StaffCTC for Middle Level - 3 Staff CTC for Top Level - 1 Staff Emoluments Amount Emoluments Amount Basic Salary 432,000 Basic Salary 720,000 HRA (Fixed) 129,600 HRA (Fixed) 216,000 Conveyance Allowance 9,600 Conveyance Allowance 9,600 Medical Reimb 15,000 Medical Reimb 15,000 Dearness Allowance 75,600 Dearness Allowance 137,400 LTA 43,200 LTA 72,000 Special Allowance 15,000 Special Allowance 30,000 Gross Earnings 720,000 Gross Earnings 1,200,000

60,000 100,000

51,840 86,400

771,840 1,286,400 Taxable Income 695,400 Taxable Income 1,175,400 Upto 1 Lac - (Tax - NIL) 100,000 Upto 1 Lac - (Tax - NIL) 100,000 From 1 Lac to to 1.50 Lac (Tax 10% 50,000 From 1 Lac to to 1.50 Lac (Tax 50,000 From 1.50 Lac to 2.50 Lac (Tax 20 100,000 From 1.50 Lac to 2.50 Lac (Tax 100,000 From 2.50 Lacs + (Tax 30%) 445,400 From 2.50 Lacs + (Tax 30%) 925,400 Total 695,400 Total 1,175,400

Upto 1 Lac - (Tax - NIL) - Upto 1 Lac - (Tax - NIL) - From 1 Lac to to 1.50 Lac (Tax 10% 5,100 From 1 Lac to to 1.50 Lac (Tax 5,100 From 1.50 Lac to 2.50 Lac (Tax 20 20,400 From 1.50 Lac to 2.50 Lac (Tax 20,400 From 2.50 Lacs + (Tax 30%) 136,292 From 2.50 Lacs + (Tax 30%) 283,172 Taxable Income 161,792 Taxable Income 308,672



22.47% 25.72%



Top Level StaffCTC for Top Level - 2 Staff Emoluments Amount Basic Salary 1,260,000 HRA (Fixed) 378,000 Conveyance Allowance 9,600 Medical Reimb 15,000 Dearness Allowance 236,400 LTA 126,000 Special Allowance 75,000 Gross Earnings 2,100,000

175,000

151,200

2,251,200 Taxable Income 2,075,400 Upto 1 Lac - (Tax - NIL) 100,000 From 1 Lac to to 1.50 Lac (Tax 50,000 From 1.50 Lac to 2.50 Lac (Tax 100,000 From 2.50 Lacs + (Tax 30%) 1,825,400 Total 2,075,400

Upto 1 Lac - (Tax - NIL) - From 1 Lac to to 1.50 Lac (Tax 5,100 From 1.50 Lac to 2.50 Lac (Tax 20,400 From 2.50 Lacs + (Tax 30%) 558,572 Taxable Income 584,072

Investmnts:Provident Fund 151,200

Total Investments 151,200

27.81%


Service IndustriesLower Level Staff

CTC for Lower Level - 1 Staff CTC for Lower Level - 2 Staff Emoluments Amount Emoluments Amount Basic Salary 68,544 Basic Salary 120,000 HRA 34,272 HRA 60,000 Conveyance Allowance 9,600 Conveyance Allowance 9,600 Medical Reimb 15,000 Medical Reimb 15,000 Special Allowance 33,000 Special Allowance 71,400 LTA 13,709 LTA 24,000

Sub Total 171,360 Gross Earnings 300,000 Per Anum 14,280 25,000

8,225 14,400

Cost to The Company 179,585 285,600

Taxable Income 149,525 Taxable Income 275,400 Upto 1 Lac - (Tax - NIL) 100,000 Upto 1 Lac - (Tax - NIL) 100,000 From 1 Lac to to 1.50 Lac (Tax 10%) 49,525 From 1 Lac to to 1.50 Lac (Tax 10%) 50,000 From 1.50 Lac to 2.50 Lac (Tax 20%) - From 1.50 Lac to 2.50 Lac (Tax 20%) 100,000 From 2.50 Lacs + (Tax 30%) - From 2.50 Lacs + (Tax 30%) 25,400 Taxable Income 149,525 Taxable Income 275,400

Upto 1 Lac - (Tax - NIL) - Upto 1 Lac - (Tax - NIL) - From 1 Lac to to 1.50 Lac (Tax 10.2%) - From 1 Lac to to 1.50 Lac (Tax 10%) 5,100 From 1.50 Lac to 2.50 Lac (Tax 20.4%) - From 1.50 Lac to 2.50 Lac (Tax 20%) 0 From 2.50 Lacs + (Tax 30.6%) - From 2.50 Lacs + (Tax 30%) 7,772 Gross Tax Payable - Taxable Income 12,873

Tax % over gross earnings 0.00% 4.29%

PF (12% of basic) - Company Contribution


Middle Level StaffCTC for Middle Level - 1Staff CTC for Middle Level - 2 Staff Emoluments Amount Emoluments Amount Basic Salary 200,000 Basic Salary 320,000 HRA (Fixed) 100,000 HRA (Fixed) 160,000 Conveyance Allowance 9,600 Conveyance Allowance 9,600 Medical Reimb 15,000 Medical Reimb 15,000 Special Allowance 135,400 Special Allowance 231,400 LTA 40,000 LTA 64,000

Gross Earnings 500,000 Gross Earnings 800,000 41,667 66,667

24,000 38,400

476,000 761,600

Taxable Income 475,400 Taxable Income 775,400 Upto 1 Lac - (Tax - NIL) 100,000 Upto 1 Lac - (Tax - NIL) 100,000 From 1 Lac to to 1.50 Lac (Tax 50,000 From 1 Lac to to 1.50 Lac (Tax 10 50,000 From 1.50 Lac to 2.50 Lac (Tax 100,000 From 1.50 Lac to 2.50 Lac (Tax 2 100,000 From 2.50 Lacs + (Tax 30%) 225,400 From 2.50 Lacs + (Tax 30%) 525,400 Taxable Income 475,400 Taxable Income 775,400

Upto 1 Lac - (Tax - NIL) - Upto 1 Lac - (Tax - NIL) - From 1 Lac to to 1.50 Lac (Tax 5,100 From 1 Lac to to 1.50 Lac (Tax 10 5,100 From 1.50 Lac to 2.50 Lac (Tax 20,400 From 1.50 Lac to 2.50 Lac (Tax 2 20,400 From 2.50 Lacs + (Tax 30%) 68,972 From 2.50 Lacs + (Tax 30%) 160,772 Taxable Income 94,472 Taxable Income 186,272

18.89% 23.28%



Middle Level Staff Top Level StaffCTC for Middle Level - 3 Staff CTC for Top Level - 1 Staff Emoluments Amount Emoluments Amount Basic Salary 440,000 Basic Salary 1,000,000 HRA (Fixed) 220,000 HRA (Fixed) 500,000 Conveyance Allowance 9,600 Conveyance Allowance 9,600 Medical Reimb 15,000 Medical Reimb 15,000 Special Allowance 327,400 Special Allowance 775,400 LTA 88,000 LTA 200,000

Gross Earnings 1,100,000 Gross Earnings 2,500,000 91,667 208,333

52,800 120,000

1,047,200 2,380,000

Taxable Income 1,075,400 Taxable Income 2,475,400 Upto 1 Lac - (Tax - NIL) 100,000 Upto 1 Lac - (Tax - NIL) 100,000 From 1 Lac to to 1.50 Lac (Tax 10% 50,000 From 1 Lac to to 1.50 Lac (Tax 50,000 From 1.50 Lac to 2.50 Lac (Tax 20 100,000 From 1.50 Lac to 2.50 Lac (Tax 100,000 From 2.50 Lacs + (Tax 30%) 825,400 From 2.50 Lacs + (Tax 30%) 2,225,400 Taxable Income 1,075,400 Taxable Income 2,475,400

Upto 1 Lac - (Tax - NIL) - Upto 1 Lac - (Tax - NIL) - From 1 Lac to to 1.50 Lac (Tax 10% 5,100 From 1 Lac to to 1.50 Lac (Tax 5,100 From 1.50 Lac to 2.50 Lac (Tax 20 20,400 From 1.50 Lac to 2.50 Lac (Tax 20,400 From 2.50 Lacs + (Tax 30%) 252,572 From 2.50 Lacs + (Tax 30%) 680,972 Taxable Income 278,072 Taxable Income 706,472

25.28% 28.26%



Top Level StaffCTC for Top Level - 2 Staff Emoluments Amount Basic Salary 2,000,000 HRA (Fixed) 1,000,000 Conveyance Allowance 9,600 Medical Reimb 15,000 Special Allowance 1,575,400 LTA 400,000

Gross Earnings 5,000,000 416,667

240,000

4,760,000

Taxable Income 4,975,400 Upto 1 Lac - (Tax - NIL) 100,000 From 1 Lac to to 1.50 Lac (Tax 50,000 From 1.50 Lac to 2.50 Lac (Tax 100,000 From 2.50 Lacs + (Tax 30%) 4,725,400 Taxable Income 4,975,400

Upto 1 Lac - (Tax - NIL) - From 1 Lac to to 1.50 Lac (Tax 5,100 From 1.50 Lac to 2.50 Lac (Tax 20,400 From 2.50 Lacs + (Tax 30%) 1,445,972 Taxable Income 1,471,472

29.43%


Manufacturing CosCTC for Lower Level - 1 Staff CTC for Lower Level - 2 Staff Emoluments Amount Emoluments Amount Basic Salary 105,000 Basic Salary 135,000 HRA (Fixed) 31,500 HRA (Fixed) 40,500 Conveyance Allowance 9,600 Conveyance Allowance 9,600 Medical Reimb 15,000 Medical Reimb 15,000 Special Allowance 2,900 Special Allowance 10,400 LTA 10,500 LTA 13,500 Special Allowance Special AllowanceService Pay Service PayFuel & Elec.Allowance Fuel & Elec.AllowanceEducational Allowance 500 Educational Allowance 1,000 Plant Allowance Plant AllowanceAdhoc Allowance Adhoc AllowanceBonus BonusConsolidated Pay Consolidated Pay(Arrears,PL Encashment etc) (Arrears,PL Encashment etc)

Gross Earnings 175,000 Gross Earnings 225,000

Deductions DeductionsProvident Fund 12,600 Provident Fund 16,200 Income Tax Income TaxProfessional Tax Professional TaxESIS ESISMotor Car Exp. Motor Car Exp.Salary Advance Salary AdvancePF Loan Installments PF Loan InstallmentsLabour Welfare Fund Labour Welfare FundGroup House Insurance Group House InsuranceStaff Loan Staff LoanOther Deductions Other DeductionsTotal Deductions 12,600 Total Deductions 16,200

Salary Payable for the Month 162,400 Salary Payable for the Month 208,800

1 Profession Tax slab / ESIS Slab

2 Tax Slab - ManTax Slab - Woman

3 Deductions allowable for tax examption

4 Legal liabilities of the co. Deduction & Deposits of PF/PT/ESIC/TDS (Under section)

5 HRA rules (Cosmopolitan cities/other cities)out side Mumbai and In Mumbai

6 Upto probation period consolidated pay after getting confirmation letterabove slabs starts I.e. Basic pay, DA etc

7 Convey (u/s.) & Medical reimb (u/s)

Rules they have to follow I.e payment under factory act, Minimum wage Act, Bonus Act etc.

CTC for Middle Level - 1Staff CTC for Middle Level - 2 Staff Emoluments Amount Emoluments Amount Basic Salary 210,000 Basic Salary 315,000 HRA (Fixed) 63,000 HRA (Fixed) 94,500 Conveyance Allowance 9,600 Conveyance Allowance 9,600 Medical Reimb 15,000 Medical Reimb 15,000 Special Allowance 28,900 Special Allowance 54,400 LTA 21,000 LTA 31,500 Special Allowance Special AllowanceService Pay Service PayFuel & Elec.Allowance 1,000 Fuel & Elec.Allowance 2,000 Educational Allowance 1,500 Educational Allowance 3,000 Plant Allowance Plant AllowanceAdhoc Allowance Adhoc AllowanceBonus BonusConsolidated Pay Consolidated Pay(Arrears,PL Encashment etc) (Arrears,PL Encashment etc)

Gross Earnings 350,000 Gross Earnings 525,000

DeductionsProvident Fund 25,200 Provident Fund 37,800 Income Tax Income TaxProfessional Tax Professional TaxESIS ESISMotor Car Exp. Motor Car Exp.Salary Advance Salary AdvancePF Loan Installments PF Loan InstallmentsLabour Welfare Fund Labour Welfare FundGroup House Insurance Group House InsuranceStaff Loan Staff LoanOther Deductions Other DeductionsTotal Deductions 25,200 Total Deductions 37,800

Salary Payable for the Month 324,800 Salary Payable for the Month 487,200

CTC for Middle Level - 3 Staff CTC for Top Level - 1 Staff Emoluments Amount Emoluments Amount Basic Salary 432,000 Basic Salary 720,000 HRA (Fixed) 129,600 HRA (Fixed) 216,000 Conveyance Allowance 9,600 Conveyance Allowance 9,600 Medical Reimb 15,000 Medical Reimb 15,000 Special Allowance 75,600 Special Allowance 145,400 LTA 43,200 LTA 72,000 Special Allowance Special AllowanceService Pay Service PayCar, Fuel & Elec.Allowance 4,000 Fuel & Elec.Allowance 7,000 Educational Allowance 4,000 Educational Allowance 5,000 Plant Allowance 4,000 Plant Allowance 5,000 Adhoc Allowance 3,000 Adhoc Allowance (House Rental 5,000 Bonus BonusConsolidated Pay Consolidated Pay(Arrears,PL Encashment etc) (Arrears,PL Encashment etc)

Gross Earnings 720,000 Gross Earnings 1,200,000

Provident Fund 51,840 Provident Fund 86,400 Income Tax Income TaxProfessional Tax Professional TaxESIS ESISMotor Car Exp. Motor Car Exp.Salary Advance Salary AdvancePF Loan Installments PF Loan InstallmentsLabour Welfare Fund Labour Welfare FundGroup House Insurance Group House InsuranceStaff Loan Staff LoanOther Deductions Other DeductionsTotal Deductions 51,840 Total Deductions 86,400

Salary Payable for the Month 668,160 Salary Payable for the Month 1,113,600

CTC for Top Level - 2 Staff Emoluments Amount Basic Salary 1,260,000 HRA (Fixed) 378,000 Conveyance Allowance 9,600 Medical Reimb 15,000 Special Allowance 266,400 LTA 126,000 Special AllowanceService PayFuel & Elec.Allowance 10,000 Educational Allowance 5,000 Plant Allowance 10,000 Adhoc Allowance 20,000 BonusConsolidated Pay(Arrears,PL Encashment etc)

Gross Earnings 2,100,000

DeductionsProvident Fund 151,200 Income TaxProfessional TaxESISMotor Car Exp.Salary AdvancePF Loan InstallmentsLabour Welfare FundGroup House InsuranceStaff LoanOther DeductionsTotal Deductions 151,200

Salary Payable for the Month 1,948,800

worksheet in compensation strategy (compatibility mode)

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