Salary Breakup Calculator Excel Free Download

[Tawny Rautenberg]

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.

salary breakup calculator excel free download

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Salary breakup is the detailed statement total compensation paid to all employees during a specific period of time. It includes heads like basic salary, DA, HRA, Conveyance, medical, special allowance, bonus, TA, etc. It also includes deductions like Contribution to provident fund, profession tax, TDS, Advance Salary, etc.

The main purpose of preparing a salary breakup report is to know the amount of compensation paid under each head. This bifurcation helps the employer to understand the percentage of the compensation they are paying against their income as well as sales turnover.

We have created an easy and ready-to-use excel template for Salary Breakup Report with predefined formulas. Either you can copy-paste the salary data from your monthly salary sheet or maintain the records in this template.

A Payslip or Salary Slip is a document provided by the employer to all the employees. It is a monthly statement that consists of the details about all the components of the salary. All elements of the salary breakup, including the deductions, are enlisted in a payslip or a salary slip. It provides the detailed structure of the salary at a glance.

While CTC represents the sum total of all components of the salary breakup structure, the in-hand salary is the amount that you actually receive in your bank account after deductions. Read more in the blog post.

Salary Breakup is a very powerful way to show the how the CTC (cost-to-company) on an employee is distributed in different fields. It breaks down the CTC into components to show a clear picture of how the salary is paid. So, in this article, we will show how to create salary breakup calculator in Excel.

In this article, we will describe how to make a salary breakup calculator in Excel. We will break it into parts and show in steps how the calculations are done. To illustrate clearly, we will use the sample salary structure of a hypothetical company. The salary structure shows the Basics, House Rent Allowance (HRA), Special Allowance, Date of increment, etc. for each employee.

In this article, we have discussed how to create a salary breakup in Excel. This will allow a company to disburse the salary of their employees properly and also keep track of the flow of money on an employee.

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