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Salary Breakup and its Components | Salary Structure | Salary Breakup

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  • Опубликовано: 1 янв 2018
  • In this video i have explained about the following in detailed manner:
    1. Understanding of Compensation & Benefits.
    2. Difference between Compensation & Benefits.
    3. Understanding of various components of Compensation & Benefits like
    - Basic Salary
    - Dearness Allowance (DA)
    - Allowances (Conveyance Allowance, Medical Allowance, Telephone Allowance, House Rent Allowance, Uniform Allowance, Project Allowance, Special Allowance and many more.
    4. Role of statutory compliances in a salary structure like
    - Provident Fund (PF)
    - Employees State Insurance (ESI)
    - Statutory Bonus
    - Gratuity
    - Professional Tax
    - Labor Welfare Fund
    - Income Tax / TDS
    - PLI (Performance Linked Incentive), etc.
    5. Understanding and difference between (Basic Salary / Gross Salary / CTC (Cost to Company).

Комментарии • 226

  • @inspiredmate
    @inspiredmate  5 лет назад +23

    Guys please ignore the esic deduction in the structure, ESIC should be deducted for the gross salary below or equal 21000.

    • @AnjaliSharma-qn3jo
      @AnjaliSharma-qn3jo 4 года назад +1

      Hi, yesterday i gave an interview. They told me.. That.. Basic salary is 10% of CTC... You said 40-50%.. How??

    • @inspiredmate
      @inspiredmate  4 года назад +9

      Its not Fixed, 40-50% is the standard rate, and 10% is not at all correct, if any company is doing so then its illegal and non compliance. And always make sure that the Basic salary should not be less than the Minimum wage of that state..

    • @amanbhola8461
      @amanbhola8461 4 года назад +2

      Its the best and easiest explanation
      Keep it up men!

    • @prakashvzjacki
      @prakashvzjacki 2 года назад

      Just now i saw your videos.. question raised to ask ESI how comes here above limit of gross.. ok

    • @maheshjain6707
      @maheshjain6707 2 года назад

      Sir, will it consider personal pay while calculating gratuity for Pvt ee.???

  • @nehadambhare
    @nehadambhare 2 года назад +7

    You explained very well about salary structure. Thank you so much my all doubts got cleared easily by your explanation. Thanks once again for video. I searched lots of video regarding basic pay but doubts got cleared from your video only.Thanks a lot 🙏🤗📝

  • @shivamsahu9998
    @shivamsahu9998 2 года назад

    Very Clear Explanation. All confusions are vanished after watching the video

  • @Sunder1978
    @Sunder1978 6 лет назад +4

    Thanks Sir very useful knowledge n Explain very Well

  • @sanchitsachan4396
    @sanchitsachan4396 2 года назад +5

    Sir, I am getting my first job, my company is offering 5.5 L annual salary (company nowhere mentioned about CTC) . Is it my CTC or Gross salary? Also, how should I ask my HR about this salary distribution, allowances HRA

    • @inspiredmate
      @inspiredmate  2 года назад +1

      You should ask for the salary breakup from them.

  • @smritishikha7231
    @smritishikha7231 11 месяцев назад +1

    Thankyou so much you cleared my all doubts

  • @sooryaprakash9636
    @sooryaprakash9636 5 лет назад +3

    Thank you so much for explaining very clearly..

  • @ashokpoonia5852
    @ashokpoonia5852 Месяц назад

    It was extremely osm .very well step by step explanation.

  • @mainpalyadav2175
    @mainpalyadav2175 5 лет назад +1

    Sir
    In Your example in this video as the Gross Salary is above 21000/- ₹ .
    So You should not deduct any amount for ESI Contribution in both parts of EMPLOYEES or Employer.
    But Sir Your this video is Very Nice.
    Really appriciable work .
    Thanks Sir for the Video.

    • @inspiredmate
      @inspiredmate  5 лет назад +1

      Please read my below comment..

    • @mainpalyadav2175
      @mainpalyadav2175 5 лет назад

      @@inspiredmate
      but Sir why You are not uploading more videos by last 1 Year.
      You have only uploaded 5 - 7 videos only ..
      I have seen all these in the same Day only..
      Sir
      These all videos are Nice and helpful for the people in need..
      So please "Go AHEAD".
      💐💐💐💐💐

  • @prasadsawant7
    @prasadsawant7 2 года назад +1

    Understood very quickly by example 👍🏼

  • @bhaskarkhulbevlog
    @bhaskarkhulbevlog Год назад +1

    Cleared my most of d doubts at once, very usful,well explained 👌

  • @practicalknowledge6571
    @practicalknowledge6571 5 лет назад

    Aisa video youtube per hai hi nai, thanks video ke liye

  • @hitechdhangar7214
    @hitechdhangar7214 2 года назад +1

    Sir While deciding basic salary is min wage considered ? Can basic salary be less than min wages

  • @Gyankiduniya1425
    @Gyankiduniya1425 7 месяцев назад

    Bhai bahut acha samjaya❤

  • @arandomchannel56
    @arandomchannel56 4 года назад +1

    Thank you sir very nice explanation

  • @girishranalkar7021
    @girishranalkar7021 3 месяца назад

    Great info sir

  • @tyrantmax5321
    @tyrantmax5321 2 года назад

    Very nice.
    Your explained fully well as per the tagline of the video

  • @bhushanpateliya
    @bhushanpateliya 9 месяцев назад

    Nice video Love from junagadh gujarat

  • @gajendramourya7442
    @gajendramourya7442 Год назад +1

    I am working in mnc From last 6 years in September month I started one course and I paid 30000 and want to tax deduction.
    Please help

  • @DilipKumar-nm4sw
    @DilipKumar-nm4sw 8 месяцев назад

    Nice video

  • @vikrambhardwaj1
    @vikrambhardwaj1 Год назад +1

    Eyes opening!

  • @FitnesswithKishan
    @FitnesswithKishan Год назад

    Good job brother
    you explained salary structure in detailed thanks for sharing knowledge with us.

  • @user-nl8bt9mh7g
    @user-nl8bt9mh7g 5 лет назад +1

    bahut achhi vido banyi sir

  • @rashmisharma7426
    @rashmisharma7426 2 года назад

    Sir that is also very good knowladge... Thank you for share with us.

  • @monsoonrosy9979
    @monsoonrosy9979 9 месяцев назад

    Plz do another vdo of explaining last part after modifications

  • @ankitparasram8964
    @ankitparasram8964 8 дней назад

    How to calculate fixed pay & variable pay

  • @Gold-gz9is
    @Gold-gz9is 9 месяцев назад

    Please make more videos with example in salary breakup

  • @sachchidanandtiwari759
    @sachchidanandtiwari759 2 года назад

    Usefull knowledge thanks

  • @deepsikhadey5446
    @deepsikhadey5446 2 года назад +1

    You've done a great job

  • @deepakpandit4475
    @deepakpandit4475 4 месяца назад

    Good Performance Sir.

  • @pravinawatade7
    @pravinawatade7 3 года назад +1

    Sir...you did not calculated Annual Net Salary in video...just mentioned total Employee Deductions...Check it once

  • @kwantumspin
    @kwantumspin 5 лет назад

    bohot achche se samjhaya . super thanks.!

  • @jyotimishra-be3yf
    @jyotimishra-be3yf 6 лет назад +1

    Really helpful.. waiting for next video.

    • @inspiredmate
      @inspiredmate  6 лет назад

      jyoti mishra , thanks for your comment, please suggest any topic on which you want me to make video..

  • @elegancedatasolutions67
    @elegancedatasolutions67 6 лет назад +1

    Sir INCOME TAX Deductions kaise aur kitna karna padta hai.

  • @Navedkazi075
    @Navedkazi075 6 лет назад +1

    Sir, thank you so much, this video is so helpful

  • @kapilchakre
    @kapilchakre 5 лет назад +1

    Very Well Explained!! Thanks!

  • @SatyaPrakash-qy4oy
    @SatyaPrakash-qy4oy 3 года назад +1

    Can you make CTC Design structure video as per current statuary compliance with taxation exemption

  • @arfakhan8364
    @arfakhan8364 4 года назад

    Thankyou for sharing this useful information.

  • @amit7940
    @amit7940 3 года назад +1

    great sir

  • @rooprecords1599
    @rooprecords1599 Год назад

    Great explanation

  • @understandthewordsfeelthes3036

    Helpful information 👍

  • @bhawanajaiswar6037
    @bhawanajaiswar6037 7 месяцев назад

    Thank you ❤sir

  • @shivanirawat5193
    @shivanirawat5193 2 года назад

    Best video

  • @lokeshsharma9859
    @lokeshsharma9859 3 года назад

    I received offer letter from XYZ ltd where the retirals(PF,Gratuity) not include in monthly salary however the same include in annual pay ...Need to know the reason why it's not include in monthly

  • @arfakhan8364
    @arfakhan8364 4 года назад +1

    Please make a video on professional tax and TDS and percentage of different allowances

  • @rachitagrawal6200
    @rachitagrawal6200 Год назад

    At 13:46, you have wrongly calculated the gross salary as 35,000 which is the CTC. Later when calculating Employer contributions, you have adjusted the gross salary when the CTC didn't match. This confused me and may confuse others. Request you to please edit it.

  • @pallupallavi7618
    @pallupallavi7618 17 дней назад

    What about Bonus and Gratuity in the CTC

  • @hp413
    @hp413 2 года назад

    Very well explained

  • @girishranalkar7021
    @girishranalkar7021 3 месяца назад

    Could you please make the CTC 7LPA yearly

  • @laxminarayankhash1760
    @laxminarayankhash1760 2 года назад

    An excellent
    Now how much the employees get in hands. -?Thanks

  • @madhanp5822
    @madhanp5822 5 лет назад +2

    Sir, i have a small doubt on salary structure, Is medical allowance will give when ESIC applicable and is ESIC applicable when gross salary is 35000 (ESIC applicable Gross salary upto 21000) ??

    • @inspiredmate
      @inspiredmate  5 лет назад

      No its not, it is just an example of salary structure, ESIC has been added to show the CTC structure completely..

    • @madhanp5822
      @madhanp5822 5 лет назад +1

      @@inspiredmate Thank you sir.

    • @khimlal6905
      @khimlal6905 5 лет назад

      Dear sir,
      If gross salary is more than 21000 then esi amount will be zero. Then there is no deduction from both end.

    • @bhaktikishakti1622
      @bhaktikishakti1622 4 года назад

      Yes I have same dought

  • @shayantab3034
    @shayantab3034 Год назад

    Nice explanation

  • @vijenderbudania2945
    @vijenderbudania2945 Год назад

    Sir meri annual total compensation 250000h meri in hand slry kitni hogi plz plz rply sir 🙏🙏🙏

  • @understandthewordsfeelthes3036
    @understandthewordsfeelthes3036 2 года назад

    Helpful infomation

  • @susriparija3206
    @susriparija3206 Год назад

    ESIC is not applicable as gross is more than 21k and bonus is applicable as basic is less than 21k ( if 20+ employees are there)
    Gratuity is also part of CTC ( Employer contribution)
    PF wages should be on gross - HRA ( if it is more than 15k)

    • @inspiredmate
      @inspiredmate  Год назад

      True, and there are many more components that can be added in CTC. It differs from company to company.
      For ESIC please checkout my pinned comment.

  • @saveanimalplanet7327
    @saveanimalplanet7327 Год назад

    Tell me one thing agr ctc30000 hoti h to gross kitna hoga aur fr basic kaise niklegi

  • @gauravpal-tp4pd
    @gauravpal-tp4pd 4 года назад +3

    Hi, Could you please tell me where we can see the percentage of any component?

  • @chittaranjanojha2707
    @chittaranjanojha2707 11 месяцев назад

    How we can create Gross salary before CTC?

  • @sachinvats1019
    @sachinvats1019 Год назад

    Yes dear very good but I want to know one thing.pls pick up the call

  • @khushalsingh9343
    @khushalsingh9343 2 года назад

    Really helpful

  • @rajaarav9264
    @rajaarav9264 Год назад

    Please advise how to calculate when boarding and lodging is provided by employer

  • @Kim_7204
    @Kim_7204 2 года назад +1

    Hello Sir, I have a concern about Gratuity, what basis does Company decide on the Gratuity amount dedicated? In my CTC company dedicated Gratuity amount 3077 per month, please answer

    • @inspiredmate
      @inspiredmate  2 года назад +2

      In CTC gratuity is shows as 4.81% of Basic.

  • @sidharthpriyadarshi6569
    @sidharthpriyadarshi6569 2 года назад

    is it necessary to buy medicines to claim medical allowence money or pay rent to get HRA money of salary slip??

  • @vihaansgoodlife3289
    @vihaansgoodlife3289 3 года назад

    Thanks a lot for such vedio it really helps us ❤️

  • @priyankareddy624
    @priyankareddy624 5 лет назад +1

    As the CTC is 35000 which is more than 21k so there should not be esic rite..

  • @SatyaPrakash-qy4oy
    @SatyaPrakash-qy4oy 3 года назад

    Perfect video for me

  • @joydeepsarkar3546
    @joydeepsarkar3546 Год назад

    Madam, my NPS account opened after 1 year of joining. In this time there is no deduction for NPS. Now, can it possible to deposit pending 1 year of NPS deduction.??? Please reply🙏🙏🙏🙏

  • @nmanoj62
    @nmanoj62 28 дней назад

    If I am not wrong the ESI contri is 3.25% for employer and 0.75% for employee. Pls correct me if I am wrong

  • @elephantcoder
    @elephantcoder 2 года назад

    sir naye start up ne salary slip kaise deni hai..? kuch bataye is bareme...

  • @yourajdhavale6322
    @yourajdhavale6322 3 года назад +1

    Are the major components of saray included in CTC or is that the extra amount which company is paying?

    • @vasavialkanti2049
      @vasavialkanti2049 2 года назад

      CTC means cost to company. It's including all no extra wil be paid by the company.

  • @9601123077
    @9601123077 2 года назад

    Well Explained.
    🙏🏼

  • @jaishrigujar2513
    @jaishrigujar2513 4 года назад

    It's very good but not clear how to creackup monthali salary from CTC please more vedio for this

  • @nileshtrivedi6079
    @nileshtrivedi6079 2 года назад

    Sir, one query. how cum Employer PF is 13% , it has to be 12%... equal contribution

  • @DeepakYadav-vk9ks
    @DeepakYadav-vk9ks 5 лет назад +1

    Dear Sir
    Now there are some changes in Pf calculation please also explains and make a video on TDS

    • @inspiredmate
      @inspiredmate  5 лет назад

      Sure Deepak, I will share My next video on recent changes in PF and ESIC calculations.

    • @inspiredmate
      @inspiredmate  5 лет назад

      Hi Deepak, please refer the below link for calculation..
      ruclips.net/video/mS0bVzhVmME/видео.html

  • @rohitgoel6848
    @rohitgoel6848 3 года назад

    can you please please tell about adhoc allowance, do we get that every month in salary?

  • @akankshamishra4121
    @akankshamishra4121 4 года назад

    Thanks for explaining so well. Pls make video on gratuity

  • @HiteshSharma-ti1km
    @HiteshSharma-ti1km Год назад

    Useful info

  • @ajaykumar-zx9mp
    @ajaykumar-zx9mp Год назад

    Isme aap esi deduction kaise kiye hi

  • @SriGeethanjali
    @SriGeethanjali 11 месяцев назад

    Explaining is really too good. you could have made your excel must more simple I felt

  • @ashkaranisheikh2870
    @ashkaranisheikh2870 5 месяцев назад

    Thank you 😊🫶

  • @deepanroy2080
    @deepanroy2080 2 года назад

    Sir, you formula for annual net salary is wrong. Kindly check it.

  • @sandeepkundu6966
    @sandeepkundu6966 6 лет назад +2

    sir your video is good but you have to add a bonus, gratuity, LTA IN EMPLOYER CONTRIBUTION PART

    • @inspiredmate
      @inspiredmate  6 лет назад +2

      sandeep kundu , thanks for your comment, actually this video was made for the purpose of understanding the normal salary components and structures, i have noted your and I will come up with a new video explaining the entire CTC structures ans its components, including all statutory things..

    • @richaarya826
      @richaarya826 3 года назад

      @@inspiredmate i have same question most of the companies asking to add bonus and extra various which will be payoff in year end

    • @inspiredmate
      @inspiredmate  3 года назад

      @@richaarya826 if depends on company of they want to all liabilities, they can add Bonus, gratuity, etc.

  • @tanyapammy8873
    @tanyapammy8873 2 года назад

    The explanation is super. Only at times you switched to Hindi with numbers. It would limit your audience.

  • @ajitathakur8095
    @ajitathakur8095 5 лет назад +2

    Quite useful video. Thank You. Will you be posting on HR related topics ?

    • @inspiredmate
      @inspiredmate  5 лет назад

      Thanks Ajita, for your comment, yes I will be posting mostly on HR related topics.

  • @anishdhiman5812
    @anishdhiman5812 3 года назад

    Hello Sir, if we final candidate on Net Take-home. How we will decide basic salary.

  • @shashankhn1047
    @shashankhn1047 Год назад

    Can I ask HR to restructure the CTC to a higher base pay?
    Example - CTC is 18L and in hand is 14L, can I ask the HR to restructure in-hand to 16L for 18L CTC.
    Thanks in advance

    • @voidofdann
      @voidofdann Год назад

      Same question from my side too

  • @binoddixit1052
    @binoddixit1052 2 года назад

    what is ctcsaf in retiral benefits

  • @urvashi4567
    @urvashi4567 5 лет назад

    thanks

  • @gurmansangha4152
    @gurmansangha4152 5 лет назад +1

    Sir
    I need to know more deeply..

  • @arkachakraborty7323
    @arkachakraborty7323 2 года назад

    What about spceial bal fig adjustment

  • @YogeshKumar-qk3nw
    @YogeshKumar-qk3nw 2 года назад

    Dear sir can i get excel sheet as you provided attendance sheet

  • @Sharma_978
    @Sharma_978 6 лет назад

    ya its good ,sir

  • @itskillswithnaveed9294
    @itskillswithnaveed9294 3 года назад

    great

  • @amanbhola8461
    @amanbhola8461 4 года назад

    Great

  • @vishals.shingade3938
    @vishals.shingade3938 5 лет назад

    Please tell me how to calculate tax on fully tax heads and partlly tax heads

  • @kmkamini2495
    @kmkamini2495 2 года назад

    Its too much confusing, why we are playing with figures on assumptions, easy way is always do the back calculation, first find out gross from ctc and thn go straight put all components as per %. Esic ceiling limit is 21k gross so why we are deducting esic on 35k. bonus and gratuity was there in example but u didn't calculate that. Actually its giving half knowledge to freshers which is not good.

  • @rajindersingh9939
    @rajindersingh9939 2 года назад

    Sir you haven’t added bonus and grauity?
    Why
    Pls suggest

    • @inspiredmate
      @inspiredmate  2 года назад

      Its not Mandatory to add those in CTC breakup.

  • @ektabhatnagar3017
    @ektabhatnagar3017 4 года назад +1

    Detailed explanation👌Very useful video😀

  • @Omprakash-1984
    @Omprakash-1984 3 года назад

    सर आपका कैलकुलेशन esic के अंदर गलत है, अगर gross 21000 से ऊपर होता है तो एग्जामडेट होता है, esic "0" होगा

  • @user-yl1hd3pj3t
    @user-yl1hd3pj3t 3 года назад

    Can you make this for Maharashtra and chennai location as per their wages please