Hi all,
Wishing you all a happy and advanced Diwali. I have a question regarding salary breakdowns. I have come across many discussions on CiteHR, but I am unable to find a clear breakdown. Please assist me in resolving this.
Thank you,
T. Thilip Chand
From India, Pondicherry
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3Wishing you all a happy and advanced Diwali. I have a question regarding salary breakdowns. I have come across many discussions on CiteHR, but I am unable to find a clear breakdown. Please assist me in resolving this.
Thank you,
T. Thilip Chand
From India, Pondicherry
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Yes I need full breakup structure include basic and hr with their percentage
From India, Pondicherry
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From India, Pondicherry
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There is no fixed structure for Salary, for any Organisation. Basic, DA, HRA are the commonly used heads, and there are end number of allowances, which you have choice, to select. E.g. Conveyance, travel, medical, education, festival, newspaper, furnishing, meal, fuel, house maintenance, and so on. Even above stated, DA, HRA are not mandatory to show in break-up.
Considering taxation aspect, to provide maximum benefits to employees, Company selects Heads, and its percentage, wisely. E.g. HRA, Conveyance etc are exempted to certain extent, from tax perview.
Also, one has to take care of BASIC & DA, since many calculations like PF deduction, Bonus payment etc. relates to these items.
Above stated few lines are only primary thoughts. It requires in-depth study to finalise an Organisation’s salary structure.
From India, Mumbai
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Considering taxation aspect, to provide maximum benefits to employees, Company selects Heads, and its percentage, wisely. E.g. HRA, Conveyance etc are exempted to certain extent, from tax perview.
Also, one has to take care of BASIC & DA, since many calculations like PF deduction, Bonus payment etc. relates to these items.
Above stated few lines are only primary thoughts. It requires in-depth study to finalise an Organisation’s salary structure.
From India, Mumbai
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The commonly used salary structure in most organizations is generally Basic is equal to or approximately near 50% of your CTC. After this, certain constant heads are there, i.e., Education Allowance and Convenience Allowance, which are Rs. 200/- for each child and Rs. 800/- respectively. This amount is a rebate from tax up to this limit. Following this are HRA, with certain different limits for metropolitan and non-metropolitan cities. After that, it comes to other allowances, which are used to make up the difference.
Along with this, there are some legal compliances such as PF, P.Tax, Gratuity, etc., which are also constant and are a part of your CTC.
From India, Pune
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Along with this, there are some legal compliances such as PF, P.Tax, Gratuity, etc., which are also constant and are a part of your CTC.
From India, Pune
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Hi Thilip,
I am really surprised that you are not satisfied with the amount of discussion which happened in our community pertaining to Salary Break up. I would request you to go through the existing posts clearly and then come up with questions on the same.
However, just to make you comfortable, please find below the details of the salary break up.
Components:
Basic, DA, HRA, CCA, Medical Allowance, Special Allowance, Night Shift Allowance, Food Allowance, Travel Allowance, Referral Bonus, Encashment Bonus
PF, ESI, TDS, Loan deduction, other deductions
From India, Tiruchchirappalli
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I am really surprised that you are not satisfied with the amount of discussion which happened in our community pertaining to Salary Break up. I would request you to go through the existing posts clearly and then come up with questions on the same.
However, just to make you comfortable, please find below the details of the salary break up.
Components:
Basic, DA, HRA, CCA, Medical Allowance, Special Allowance, Night Shift Allowance, Food Allowance, Travel Allowance, Referral Bonus, Encashment Bonus
PF, ESI, TDS, Loan deduction, other deductions
From India, Tiruchchirappalli
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