Note: Insert CTC proposed in Cell # E15 Components Basic Pay House Rent Allowance Special Allowance Conveyance

Allowance ESI Contribution by Employer PF Contribution by Employer Gross CTC PF Contribution by Employer PF Contribution by Employee ESI Contribution by Employer ESI Contribution by Employee Total Deductions Net Take Home before TDS CTC Note: 1. Payment of Medical Allowance is subject to submission of Medical Treatment & Medicinal Expenses #VALUE! #VALUE! % age 40 20 27 Monthly 4,000 2,000 2,720 800 260 480 10,000 480 480 70 190 1,220 8,780 #VALUE! Annual 48,000 24,000 32,640 9,600 3,120 5,760 120,000 5,760 5,760 840 2,280 14,640 105,360

2. Minimum YPB @10% of Gross CTCis deducted out of monthly salary but will be paid upon completion of One y 4. Rate of TDS is subject to Declaration and submission of related information and documents by employee 5. Meal Vouchers will be disbursed by Finance Department

3. Rate of Professions Tax will vary based on Salary Scale, current rates are for Organisations located within Chenna

edicinal Expenses

paid upon completion of One year from date of appointment along with additional YPB if any

isations located within Chennai Corporation Limit

cuments by employee

Particulars EPF Employee Pension Employees' Deposit Linked Insurance Scheme(EDLIS) PF Administration Charges EDLIS administration Charges Total Salary for PF means: Basic+DA+Cash Value of Food concession+retaining allowance (if any)

Employer 3.67% 8.33% 0.50% 1.10% 0.01% 13.61%

Employee 12%

12.00%

Central Govt. 1.67%

Total 15.67% 10.00% 0.50% 1.10% 0.01%

1.67%

27.28%

Professions Tax Rates in Chennai Sl. No. Six months income (Rs.) 21000 1 2 3 4 5 21,001 30,000 30,001 45,000 45,001 60,000 60,001 75,000 75,001 and above 60 150 300 450 600 75 188 390 585 810 1st Oct 1998 - 30th 1st Oct 2003 -30th Sep 2003 Sep 2008 1st Oct 2008 onwards 0 100 235 510 760 1095

Profession Tax Collectable from the salary of August (Ist Quarter ) and January (IInd Quarter)

http://www.tn.gov.in/dtp/professional-tax.htm http://www.chennaicorporation.gov.in/online-civic-services/professionTaxCalculator.htm

1. You can get LTA only if you have applied for leave from your company and have actually traveled. However, internationa within the country.

2. The entire cost of the holiday is not covered. Only the travel costs are covered. So, whether you fly, hop on to a train or take ticket to claim your LTA. This means you will need to keep your air, rail or public transport ticket.

3. If you travel by car and it is owned by a central government organization like ITDC, the state government or the local body,

If you could not get public transport and resorted to private transport like renting a car, get a bill issued by the rental compan you can always file an income tax return, claim an exemption and get a refund. 4. LTA covers travel for yourself and your family. Family, in this case, includes yourself, parents, siblings dependent on you, children.

For children born after October 1, 1998, the exemption is restricted to only two surviving children (unless, of course, one birth and triplets).

If your family travels without you, no LTA can be claimed. You have to make the trip, either by yourself or, if claiming for you

5. LTA is not related to when you started your employment. The government fixes blocks of years. These blocks are not f are calendar years (January 1 to December 31).

The current block is 2006-09 -- January 2006 to December 2009. The earlier one was from 2002-05 -- January 2002 to Decem is entitled to two LTA claims.

6. Though you can claim two journeys in a block of four years, you can claim the LTA benefit just once in a year. You cannot c

So, while a person can get an income tax exemption for two journeys in a block of four calendar years, he can make a trip o year, you lose one. One-way out is to claim one and make your spouse claim the other.

7. You can carry forward your LTA. One LTA can be brought forward and claimed in the first year of the next block. Let's sa that you use only one LTA. Don't worry, you will be able to take the pending LTA in 2006. This means that, in the 2006-09 b journeys.

8. If you switch jobs, you can get the LTA not only from your present organization but also from your former employer, if the c

Let's say that, in the 2002-05 block, you claimed LTA in 2003. In 2004, you switched jobs. You can still claim your second j your new employer will ask to look at your earlier tax returns to see whether it has been claimed or not. 9. You must take the shortest route to your destination to be eligible for LTA.

Let's say you are going from Delhi to Mumbai on a holiday. So the cost of your travel from Delhi to Mumbai and Mumbai to D 10. If your LTA is not utilised, it gets added to your salary and you will be taxed on it.

Let's say you and your spouse are both employed and both have LTA as part of the salary package. Your LTA is Rs 20,000 and

Both of you and your child go for a holiday. The tickets for the three of you amount to Rs 15,000. You supply the tickets to yo a tax deduction; the balance Rs 5,000 will be taxed. You can claim exemption only to the tune of your expenditure.

If you claim this, your spouse will not be able to claim this same holiday from her employer. His/ Her Rs 20,000 will be t holiday and he/ she claims it.

Or, let's say, you spend Rs 30,000 on tickets but your LTA is just Rs 20,000. You can claim up to Rs 20,000 and tell your s employer.