Hi all, Please help me on this... Once the company decides on your package... can we ask them to pay the salary in required structure. Thank You, Chithranjan
From India, Madras
1From India, Madras
SALARY STRUCTURE
1.For the lower level employees, the broad guidelines
-base salary
-dearness allowance
-bonus for performance [ if any]
-over time payment
Normally these is shown in the payment slip.
2. For the senior levels, it is
-total salary
regards
LEO LINGHAM
From India, Mumbai
1.For the lower level employees, the broad guidelines
-base salary
-dearness allowance
-bonus for performance [ if any]
-over time payment
Normally these is shown in the payment slip.
2. For the senior levels, it is
-total salary
regards
LEO LINGHAM
From India, Mumbai
Hi Chttaranjan,
As per u r mail my understanding is: You are already given a structure and you want that to be altered...........
If my understanding is correct then the answer is:
It purely depends on what kind of relationship you have with the concerned HR person and how helpful he is.
Generally people come up with altering structure so as to save some tax. In such a scenario most of the companies would helpd employees with the salary structure that can save the employee few bucks. However, the total payable would never change.
Regards
RAM
From India, Hyderabad
As per u r mail my understanding is: You are already given a structure and you want that to be altered...........
If my understanding is correct then the answer is:
It purely depends on what kind of relationship you have with the concerned HR person and how helpful he is.
Generally people come up with altering structure so as to save some tax. In such a scenario most of the companies would helpd employees with the salary structure that can save the employee few bucks. However, the total payable would never change.
Regards
RAM
From India, Hyderabad
Hi,
Yes definitely you can ask for the break up as every organization has a complete break up of the salary components.
Typically there are three components like Fixed salary, Variable salary & benefits.
Fixed includes Basic, DA, HRA, PF, PT, SA ( This includes earnings as well deductions)
Variable includes Special allowance, Project allowances, Bonus, Performance pay, Incentive, etc
Benefits part includes car plan, Holiday package, Leased accommodation, Telephone, Medical / Hospitalization schemes etc.
These put togather forms CTC......& i ma quite sure these can be discased before taking a decision.
Thanks,
Nilesh Deshpande
Specialist - HR Service
Yes definitely you can ask for the break up as every organization has a complete break up of the salary components.
Typically there are three components like Fixed salary, Variable salary & benefits.
Fixed includes Basic, DA, HRA, PF, PT, SA ( This includes earnings as well deductions)
Variable includes Special allowance, Project allowances, Bonus, Performance pay, Incentive, etc
Benefits part includes car plan, Holiday package, Leased accommodation, Telephone, Medical / Hospitalization schemes etc.
These put togather forms CTC......& i ma quite sure these can be discased before taking a decision.
Thanks,
Nilesh Deshpande
Specialist - HR Service
hi there, How can any one save thetax my restructuring the breakup and if at all the answer is yes than can you please provide me with the breakups??? :roll: :roll:
Dear All,
Salary structure depends on company norms. It determines the basic salary, Dearness Allowance (DA), and Travel Allowance (TA). All sub-items are divided in a 100 ratio. Following this, deductions such as TDS, PF, ESI, etc., are made, leading to the net salary.
Thanks & Regards,
Anil Kumar Sharma
From India, Calcutta
Salary structure depends on company norms. It determines the basic salary, Dearness Allowance (DA), and Travel Allowance (TA). All sub-items are divided in a 100 ratio. Following this, deductions such as TDS, PF, ESI, etc., are made, leading to the net salary.
Thanks & Regards,
Anil Kumar Sharma
From India, Calcutta
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