Dear All, Please find attached file on Salary Structure for a company. Kindly guide/ suggest any modifications/alteration required. Regards Suhas
From India, Pune
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3From India, Pune
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I had seen the file attached herewith.
I will suggest that the basic should not be kept as minimum wages under minimum wages act. Ultimatly you have to made statutory deduction like PF etc. Hence the basic should be nearby 50 to 60 percent. It should be changed also when ever the increment is given. If wages is kept under minimum wages act, ultimatly it will have to be changed every sixth months due to the increase in minimum wages act.
I wil sugget that there should be no impect of basic salary or DA on minimum wages act.
Rest are fine.
pmaditi
From India, Nagpur
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I will suggest that the basic should not be kept as minimum wages under minimum wages act. Ultimatly you have to made statutory deduction like PF etc. Hence the basic should be nearby 50 to 60 percent. It should be changed also when ever the increment is given. If wages is kept under minimum wages act, ultimatly it will have to be changed every sixth months due to the increase in minimum wages act.
I wil sugget that there should be no impect of basic salary or DA on minimum wages act.
Rest are fine.
pmaditi
From India, Nagpur
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I would like know about the salary standard from employee to CEO. Like, how to define salaries for each respective designation in the company. If anyone can provide me with the brains, I would appreciate it.
Regards
Arfath
From India, Mangaluru
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Regards
Arfath
From India, Mangaluru
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My gross salary is Rs. 45,000. It's shown as Basic: 6,500 + HRA - 19,250 + TA - 19,250. Is the proportion correct? The issue arises when calculating Gratuity as the company considers only the basic salary of Rs. 6,500, not the entire Rs. 45,000. Is this not deceiving the employee? Are there any prescribed formats for splitting gross salaries?
From India, Bangalore
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From India, Bangalore
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Creating a Competitive Salary Structure.doc
Salary Structure.zip