Dear Swati, Do you need any help in organizing events / shows? If so, let me know or you can call me on mob: 98865 87912 - Srinivas Rgds, Srinivas
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Dear Afolabi Ajayi, Got the full details about the salary coponents. This would help me in structuring the package for employees. Thank you very much. Vasanthi Chennai +91 98408 63066
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Hi
General components of salary in india varies from organisation to organisation but the most common are
1.In Government Circle
Basic Pay
Dearness Allowance
House rent Allowance
Conveyance / Transport Allowance
2. In Semi Govt. / PSU
Basic pay
Dearness Allowance
House rent Allowance
Conveyance / Transport Allowance
City Compensatory Allowance.
3. In Induatrial Organisation
Basic Pay
Dearness /Variable Dearness Allownace
House Rent Allowance
Conveyance / Transport Allowance
4. In Other establishments
Basic pay
House Rent Allowance
Conveyance / Transport Allowance
Rest all other components are "just named" or "to save tax" components, which depends upon the thought process of naming an allowance by organisation.
You are free to give a name to any component untill or unless it has no relevance with statutory requirements e.g EPF, ESI, Bonus, Gratuity , I Tax and Ind.Dispute Act.
Regards
Anil Anand
From India, New Delhi
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41General components of salary in india varies from organisation to organisation but the most common are
1.In Government Circle
Basic Pay
Dearness Allowance
House rent Allowance
Conveyance / Transport Allowance
2. In Semi Govt. / PSU
Basic pay
Dearness Allowance
House rent Allowance
Conveyance / Transport Allowance
City Compensatory Allowance.
3. In Induatrial Organisation
Basic Pay
Dearness /Variable Dearness Allownace
House Rent Allowance
Conveyance / Transport Allowance
4. In Other establishments
Basic pay
House Rent Allowance
Conveyance / Transport Allowance
Rest all other components are "just named" or "to save tax" components, which depends upon the thought process of naming an allowance by organisation.
You are free to give a name to any component untill or unless it has no relevance with statutory requirements e.g EPF, ESI, Bonus, Gratuity , I Tax and Ind.Dispute Act.
Regards
Anil Anand
From India, New Delhi
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hiii all... The general components of salary was too good and informative..but i have a query regarding the calculation of cost to company.. Can anyone tell me how to go about it!!! Regards Tanu..
From India, Mumbai
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From India, Mumbai
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Dear
You can add the following:
Telephone Reimbursement (bi-monthly)
Internet reimbursement
Turnout Allowance (Security and others)
Split Shift Allowance ( For drivers and others)
Credit Card Annual Fee reimbursement
Gardner Allowance (For senior executives)
Domestic Help allowance (Senior Executives)
Leave Travel Concession or Leave Travel Assistance
Charge Allowance( Some body is discharging the HOD responsibility for more than two months) or Officiating Allowance
Professional Fee Reimbursement (The fee paid to the professional bodies
by the employees/executives can be reimbursed)
Disturbance Allowance (In case of transfer and not shifted family to the present place of posting)
Regards
A.Ratna Sekhar
Manager-IR&W
919448205687
From India, Hyderabad
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You can add the following:
Telephone Reimbursement (bi-monthly)
Internet reimbursement
Turnout Allowance (Security and others)
Split Shift Allowance ( For drivers and others)
Credit Card Annual Fee reimbursement
Gardner Allowance (For senior executives)
Domestic Help allowance (Senior Executives)
Leave Travel Concession or Leave Travel Assistance
Charge Allowance( Some body is discharging the HOD responsibility for more than two months) or Officiating Allowance
Professional Fee Reimbursement (The fee paid to the professional bodies
by the employees/executives can be reimbursed)
Disturbance Allowance (In case of transfer and not shifted family to the present place of posting)
Regards
A.Ratna Sekhar
Manager-IR&W
919448205687
From India, Hyderabad
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Thank you very much for your reply madam.By the way i am smitha.I would like to more about HR.Actually I have a paasion to get into HR.But I do not understand from where to start and how to start?could anyone help me pls.I am doing my MBA in HR but working as Administration and Finance Executive.
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Dear friends,
I would like to know what percentage of Total earnings must be the basic pay and allowances etc etc... I guess there must be some measure for every thing. I hear ppl telling Basic pay must be 25 % and some 40 % so I am not sure about that. I will be fine if someone tell me the exact details of it.
Thanks a ton !!
~harry
From India, Bangalore
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I would like to know what percentage of Total earnings must be the basic pay and allowances etc etc... I guess there must be some measure for every thing. I hear ppl telling Basic pay must be 25 % and some 40 % so I am not sure about that. I will be fine if someone tell me the exact details of it.
Thanks a ton !!
~harry
From India, Bangalore
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Dear harry
Generally you can take 35 to 40 % as basic. Let me explain you this way
let the gross is Rs 2,00,000 / annum and the following components can be derived ( Annual figures)
Basic : Rs 80,000 (40 % of Gross)
HRA : Rs 32,000 (40% of Basics)
CCA : Rs 16,000 ( 20% of Basics)
PF : Rs 9,600 ( 12% of Basics)
Medical Reimb. Rs 15,000 ( Maximum limit)
Find the total of these components and let that total be X. then find out the difference between 2,00,000 and the X and that amount you can adjust for other allowances and reimbursement.
Regards
R.Karanik
From India, New Delhi
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Generally you can take 35 to 40 % as basic. Let me explain you this way
let the gross is Rs 2,00,000 / annum and the following components can be derived ( Annual figures)
Basic : Rs 80,000 (40 % of Gross)
HRA : Rs 32,000 (40% of Basics)
CCA : Rs 16,000 ( 20% of Basics)
PF : Rs 9,600 ( 12% of Basics)
Medical Reimb. Rs 15,000 ( Maximum limit)
Find the total of these components and let that total be X. then find out the difference between 2,00,000 and the X and that amount you can adjust for other allowances and reimbursement.
Regards
R.Karanik
From India, New Delhi
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hi i am chinna student of HR i would like to know what are the percentages of individual components in the salary please help me. with regards. chinna
From India, Bangalore
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From India, Bangalore
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Dear All,
Kindly, mention the proportionate percentage for arriving at basic salary from CTC. Our company adopts 35% of basic salary to arrive at HRA. What percentage of gross is basic ?
I need to arrive at the breakup for Rs. 540000 CTC
Please mention the break up for the same.
Your suggestions will be highly appreciated.
Thanks,
Nitu
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Kindly, mention the proportionate percentage for arriving at basic salary from CTC. Our company adopts 35% of basic salary to arrive at HRA. What percentage of gross is basic ?
I need to arrive at the breakup for Rs. 540000 CTC
Please mention the break up for the same.
Your suggestions will be highly appreciated.
Thanks,
Nitu
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