Instructions: Plea

Step 1 Turn on “Iterative Calculations” by going to File -

Step 2 In Row 14, enter the CTC amounts as Annual A
Step 3 In Row 21, you can alter the minimum wage on a
Step 4 In cell C12, choose which salary strucure you wo

Which Salary working apply…

4 1

Range Upto 2,77,300/-

with ESIC

Enter Annual CTC Amount: 250000

PF Applied (If PF to deduct 12% flat on PF wage (Basic) ---Yes/No) Yes
15000 PF Ceiling Applied (If PF dedcution to limit on 15,000/- ---Yes/No) Yes
Fixed Salary Component (Annual) 250000
Reimbursement Component (Annual) 0
Fixed Salary Component (Monthly) 20833
Reimbursement Component (Monthly) 0
Minimum Wage as per State…. a) Enter the Basic amount: 9500
b) Enter the DA/Special Allowance amount: 0
Srno Components Type
Fixed Salary Component
1 Basic Salary - Fully taxable/PF App 9500
2 House Rent Allowance Salary Exempt 4750
3 Conveyance Allowance Salary Exempt 1600
4 Medical Allowance Salary Exempt 1250
5 Special Allowance Salary - Fully taxable 0
6 Leave Travel Allowance Salary Exempt 950
7 Education Allowance Salary Exempt 0
8 Other Allowance Salary - Fully taxable 750
Reimbursement Component
9 Books & Periodicals Reimbursement 0
10 Vehicle Reimbursement Reimbursement 0
11 Driver Salary Reimbursement 0
12 Telephone Charges Reimbursement 0
13 Internet Charges Reimbursement 0
14 Business Promotion Reimbursement 0
15 Other Balance - need to adjust in other heads 0
Gross CTC 18800
Add :
PF Employer 12% 1140
ESIC Employer 4.75% 893
Total CTC 20833
Less :
PF Employee 12% 1140
ESIC Employee 1.75% 329
Professional Tax 200
Net Take Home 17131

checking 20833
Dif 0

© Quikchex India Pvt. Ltd. Not to be distri

ructions: Please Read Carefully

ions” by going to File -- > Options -- > Formulas -- > Enable-- > Iterative Calculations.
amounts as Annual Amounts (not monthly Amounts)
he minimum wage on a state by state basis; you can check min wages here http://www.paycheck.in/main
salary strucure you would like to show in your Annexure

% or % or
2 3 % or Amt 4 % or Amt
Amt Amt

From 1,20,000/- to From 5,00,000/- to

5,00,000/- without Above 10,00,000/-
10,00,000/-
ESIC

300000 100% 750000 100% 5000000 100%

Yes Yes Yes
Yes Yes Yes
300000 100% 675000 90% 4500000 90%
0 0% 75000 10% 500000 10%
25000 100% 56250 90% 375000 90%
0 0% 6250 10% 41667 10%
9500 15100 15100
0 NA NA

40% 10000 40% 22500 40% 150000 40%

50% 5000 50% 11250 50% 75000 50%
1600 1600 1600 1600 1600 1600 1600
1250 1250 1250 1250 1250 1250 1250
0 0 0 15600 250000 130350 300000
10% 1000 10% 2250 10% 15000 10%
0 0 0 0 0 0 0
Balance 4950 Balance

0 0 1000 1000 2000 2000

0 0 5250 7000 12000 12000
0 0 0 5000 8000 8000
0 1000 0 1000 2500 2500
0 0 0 0 2500 2500
0 0 0 0 5000 5000
0 Balance 0 Balance 9667 Balance
23800 60700 414867
 1200 1800 1800
4.75% 0 0 0
25000 62500 416667

1200 1800 1800

1.75% 0 0 0
200 200 200
22400 58700 412867

25000 62500 416667

0 0 0

Pvt. Ltd. Not to be distributed or duplicated without permission

ww.paycheck.in/main/salary

Data Filling Annexure

150000
75000
1600
1250
130350
15000
0
0

2000
12000
8000
2500
2500
5000
9667
414867
 1800
0
416667

1800
0
200
412867

416667
0
Salary Components Monthly (Rs) Annual (Rs)

Fixed Salary Component

Basic 150000 1800000 Status R
House Rent Allowance 75000 900000 CTC Not Matched - Error
Conveyance Allowance 1600 19200 Total as per CTC
Medical Allowance 1250 15000 Totals as per components
Special Allowance 130350 1564200
Leave Travel Allowance 15000 180000
Education Allowance 0 0
Other Allowance 0 0
Reimbursement Component
Books & Periodicals 2000 24000
Vehicle Reimbursement 12000 144000
Driver Salary 8000 96000
Telephone Charges 2500 30000
Internet Charges 2500 30000
Business Promotion 5000 60000
Gross CTC 414867 4978404
Employer Contributions
PF Employer 12% 1800 21600
ESIC Employer 4.75% 0 0

Total CTC 416667 5000004

Less Deduction from salary:
PF Employee 12% 1800
ESIC Employee 1.75% 0
Professional Tax 200
Net Take Home 412867
Annual Variable Cash (as applicable)
Performance Bonus
Cost to Company (CTC) 5000004

© Quikchex India Pvt. Ltd. Not to be distributed or duplicated without permiss

 Status Report
CTC Not Matched - Errors found diff off : 9667
Total as per CTC 414867
Totals as per components 405200

icated without permission