Wage Bases, Tax Slabs & Exemptions
“Salary” means something different for each statutory fund. Wage bases define which earnings each contribution is charged on, tax slab tables drive withholding, and exemption rules reduce taxable income — with an interactive guide for India and Malaysia.
Set a target CTC and watch it split to the paise
Components are formulas, balancers, slab lookups or flat amounts on a per-country pay profile. Drag the slider; nothing here is hard-coded.
Salary structure
Pick a pay profile, set a target CTC, and the components work themselves out.
₹12,00,000
Earnings
- FormulaBasic40% of CTC₹40,000.00
- FormulaHouse rent allowance50% of Basic₹20,000.00
- BalancerSpecial allowanceAbsorbs the remainder so the total hits CTC exactly₹38,200.00
Employer cost (inside CTC)
- FormulaEmployer PF12% of PF wages · base capped at 15,000₹1,800.00
Employee deductions
- FormulaEmployee PF12% of PF wages−₹1,800.00
- FlatProfessional taxFixed monthly amount−₹200.00
- Slab lookupTDSProgressive slab table · regime chosen by the employee−₹0.00
Take-home / month
₹96,200
Deductions / month
₹2,000
Employer cost / month
₹1,800
Earnings + employer cost = ₹1,00,000.00 · CTC matched exactly
Illustrative rates and slabs
What you get
8 capabilities in wage bases, tax slabs & exemptions
- Named wage bases such as PF wages, ESI, gratuity, SOCSO/EIS
- Contributions recomputed from what was actually paid each month — bonuses, overtime and arrears included
- Progressive or flat tax slab tables attached to TDS components
- Exemption rules: lesser-of-three (HRA), capped deduction (80C/80D) and fixed relief
- Old and new tax regime support
- Eligibility rules by nationality, age and gender
- Interactive Pay Setup Guide for India and Malaysia, verified against official sources
- Tax slabs, exemptions and pay components protected by dual control
Related Payroll & Compensation features
Pay Profiles & Components
Country pay profiles with earnings, deductions and employer costs.
- Multiple pay profiles for different countries or jurisdictions
- Currency, fiscal and tax cycle per profile; a default profile for unassigned staff
- Component types: Earning, Deduction and Employer Cost
- and 8 more
Salary Structures & Revisions
Enter a target CTC — the breakdown is calculated exactly, to the paise.
- Company-wide compensation directory with CTC, est. monthly net and effective date
- Structure coverage: configured vs awaiting setup
- Target annual or monthly CTC auto-distributed exactly
- and 7 more
Payroll Runs & Payslips
Monthly runs with LOP, overtime and comp-off, then a locked finalize.
- Payroll runs per financial year with Calculated → Finalized status
- Paid days, LOP, adjustments, OT, night pay and comp-off per employee
- Take-home, employee deductions, employer statutory cost and CTC per run
- and 7 more
See MaverickHR running on your own rules
Tell us your headcount, your sites and the modules you need. We set up a walkthrough on your leave policy, shifts and pay structure, then send a quote that fits.
Replies within one business day, from the team that builds the product.