Hi all,
Can anyone guide me on how the salary structure could be defined and what percentage each component should contain? Specifically, what percentage of Basic, HRA, CCA, and conveyance is typical in an ISO Certified company?
Thank you.
From India, New Delhi
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4Can anyone guide me on how the salary structure could be defined and what percentage each component should contain? Specifically, what percentage of Basic, HRA, CCA, and conveyance is typical in an ISO Certified company?
Thank you.
From India, New Delhi
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First of all, you need to know the standard salary components. You may check this salary structure FAQ. If you would like to know more about payroll aspects, you may check payroll resources. Also, to learn general details on Income Tax, please check Income Tax FAQ.
From India, Bangalore
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From India, Bangalore
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Salary Breakdown:
Salary $4000 to $10000:
- Basic: (F.Gross/2 - DA)
- DA: Fixed (1130 staff, 532 workers)
- HRA: 20%
- EA: 15%
- TA: 15%
Salary $10001 to $14999:
- Basic: (F.Gross/2 - DA)
- DA: Fixed (1130 staff)
- HRA: 15%
- EA: 10%
- TA: 15%
- MA: 10%
Salary above $15000:
- Basic: (F.Gross/2 - DA)
- DA: Fixed (1130 staff)
- HRA: 40% on Basic and DA
- EA: $1200 for one child, $2400 for two children
- MA: $1250 Fixed
- Conveyance: $800 Fixed
- Special Allowance: Balance (F.Gross - (Basic + DA + HRA + EA + MA + Conveyance))
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I have corrected the spelling, grammar, and formatting errors in your input to make it clearer and more professional. Let me know if you need further assistance!
From India, Bangalore
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Salary $4000 to $10000:
- Basic: (F.Gross/2 - DA)
- DA: Fixed (1130 staff, 532 workers)
- HRA: 20%
- EA: 15%
- TA: 15%
Salary $10001 to $14999:
- Basic: (F.Gross/2 - DA)
- DA: Fixed (1130 staff)
- HRA: 15%
- EA: 10%
- TA: 15%
- MA: 10%
Salary above $15000:
- Basic: (F.Gross/2 - DA)
- DA: Fixed (1130 staff)
- HRA: 40% on Basic and DA
- EA: $1200 for one child, $2400 for two children
- MA: $1250 Fixed
- Conveyance: $800 Fixed
- Special Allowance: Balance (F.Gross - (Basic + DA + HRA + EA + MA + Conveyance))
---
I have corrected the spelling, grammar, and formatting errors in your input to make it clearer and more professional. Let me know if you need further assistance!
From India, Bangalore
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Creating a Competitive Salary Structure.doc
Salary Structure.zip