Hi,
I have recently joined as an HR Executive in a small company with 25 to 30 employees. Could anyone help me in preparing the salary in a simple format? Currently, we only have the basic salary component and do not offer PF, ESI, HRA, etc. I would appreciate it if someone could share a format to calculate the salary with leave deductions.
Thanks
From India, Bangalore
Acknowledge(0)
Amend(0)
8I have recently joined as an HR Executive in a small company with 25 to 30 employees. Could anyone help me in preparing the salary in a simple format? Currently, we only have the basic salary component and do not offer PF, ESI, HRA, etc. I would appreciate it if someone could share a format to calculate the salary with leave deductions.
Thanks
From India, Bangalore
Acknowledge(0)Amend(0)
Hi Thanks for ur reply could u pls forward me the formulae for that,bcoz we dedute for more then one day salary and it would be fine for me if i get the formula for that
From India, Bangalore
Acknowledge(2)
Amend(0)
From India, Bangalore
Acknowledge(2)Amend(0)
Please find attachments 1, With PF deduction 2, Without PF, just simple salary. Thanks,
From Kuwait, Hawalli
Acknowledge(6)
Amend(0)
From Kuwait, Hawalli
Acknowledge(6)+1 more
Amend(0)
Hi Supriya,
I'll suggest you to make a compensation policy first. Yes, it will take time, but without a policy in HR, you will need the help of others at every step. Also, apply for ESI & PF as soon as possible.
In the compensation policy, you will have to decide on a few things like:
1. Grade of employees
2. Basic pay as per the grade
3. Conveyance allowance as per the grade
4. HRA
5. Other allowances.
From India, Delhi
Acknowledge(0)Amend(0)
I'll suggest you to make a compensation policy first. Yes, it will take time, but without a policy in HR, you will need the help of others at every step. Also, apply for ESI & PF as soon as possible.
In the compensation policy, you will have to decide on a few things like:
1. Grade of employees
2. Basic pay as per the grade
3. Conveyance allowance as per the grade
4. HRA
5. Other allowances.
From India, Delhi
Acknowledge(0)Amend(0)
Dear Sir,
I am Kumudha, and I am newly joining the HR department in my company. How should I handle the HR department? How do I follow the ledger? And how many ledgers does the department follow?
Kindly assist me.
Thanks & Regards,
Kumudha
7708959776
From India, Selam
Acknowledge(0)Amend(0)
I am Kumudha, and I am newly joining the HR department in my company. How should I handle the HR department? How do I follow the ledger? And how many ledgers does the department follow?
Kindly assist me.
Thanks & Regards,
Kumudha
7708959776
From India, Selam
Acknowledge(0)Amend(0)
Dear Mr. Sayeed,
I have some doubts regarding the salary sheet with PF. I hope I can ask and clear my doubts.
1. In the Basic salary, you have used the formula 1200/D4*F4. Why have you taken 1200? What if different people have different basics?
2. In the DA column, it is 900. Where does this number come from, or is 900 the standard amount? What is it based on?
Regards,
Hansa Vyas
From India, Udaipur
Acknowledge(1)Amend(0)
I have some doubts regarding the salary sheet with PF. I hope I can ask and clear my doubts.
1. In the Basic salary, you have used the formula 1200/D4*F4. Why have you taken 1200? What if different people have different basics?
2. In the DA column, it is 900. Where does this number come from, or is 900 the standard amount? What is it based on?
Regards,
Hansa Vyas
From India, Udaipur
Acknowledge(1)Amend(0)
Dear Hansa Vyas,
Whatever Sayeed is given is absolutely perfect. In that, there is no doubt at all. The basics may vary for different people, and there is a Skilled Base DA table provided at the Commercial office in Tardeo.
Regards,
Bhaven Gala
From India, Mumbai
Acknowledge(0)Amend(0)
Whatever Sayeed is given is absolutely perfect. In that, there is no doubt at all. The basics may vary for different people, and there is a Skilled Base DA table provided at the Commercial office in Tardeo.
Regards,
Bhaven Gala
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Mr. Hansa,
1. 1200 is used as an example. If it's other than 1200, then the formula is the same: total days minus absent days.
2. Daily allowance of 900 is also used as an example; it's not standard.
Please review the attached document for more details; it is very well-explained. I downloaded it from this forum.
Thanks,
From Kuwait, Hawalli
Acknowledge(1)Amend(0)
1. 1200 is used as an example. If it's other than 1200, then the formula is the same: total days minus absent days.
2. Daily allowance of 900 is also used as an example; it's not standard.
Please review the attached document for more details; it is very well-explained. I downloaded it from this forum.
Thanks,
From Kuwait, Hawalli
Acknowledge(1)Amend(0)
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.