Hi Guys, Just for your reference, attached is a sample breakup of salary structures. You can modify it as per your company policies. Thanks
From India, Faridabad
19From India, Faridabad
I am attaching Salary format.
L1 L2 L3 For Employee For Company Basic 35% of CTC 40% of CTC 50% of CTC Taxable Non FBT HRA 65% of Basic 65% of Basic 65% of Basic Taxeble /Non Taxeble Non FBT Medical 1250 1250 1250 Non Taxeble Non FBT transport Allowance 800 800 800 Non Taxeble Non FBT Uniform Reimbursement 2000 1500 1000 Non Taxeble Non FBT Education Allowance 200 200 200 Non Taxeble Non FBT Petrol & Vehicle Maintenance 5000 3000 Nil Non Taxeble FBT 7% Lap Top Rent 1500 1500 1500 Non Taxeble Non FBT Mobile 1200 800 600 Non Taxeble FBT 7% Leave Encashment 4.16% of Basic 4.16% of Basic 4.16% of Basic Taxeble Special Allowance Rest Of the Amount Rest Of the Amount Rest Of the Amount Taxeble Gross Bonus 8.33% of Basic 8.33% of Basic 8.33% of Basic Taxeble ESIC Employer Contribution 4.75% of Gross 4.75% of Gross 4.75% of Gross P.F Employer Contribution 13.5% of Basic 13.5% of Basic 13.5% of Basic Non Taxeble Gratuity 4.16% of Basic 4.16% of Basic 4.16% of Basic Non Taxeble CTC Example:-
From India, Mumbai
L1 L2 L3 For Employee For Company Basic 35% of CTC 40% of CTC 50% of CTC Taxable Non FBT HRA 65% of Basic 65% of Basic 65% of Basic Taxeble /Non Taxeble Non FBT Medical 1250 1250 1250 Non Taxeble Non FBT transport Allowance 800 800 800 Non Taxeble Non FBT Uniform Reimbursement 2000 1500 1000 Non Taxeble Non FBT Education Allowance 200 200 200 Non Taxeble Non FBT Petrol & Vehicle Maintenance 5000 3000 Nil Non Taxeble FBT 7% Lap Top Rent 1500 1500 1500 Non Taxeble Non FBT Mobile 1200 800 600 Non Taxeble FBT 7% Leave Encashment 4.16% of Basic 4.16% of Basic 4.16% of Basic Taxeble Special Allowance Rest Of the Amount Rest Of the Amount Rest Of the Amount Taxeble Gross Bonus 8.33% of Basic 8.33% of Basic 8.33% of Basic Taxeble ESIC Employer Contribution 4.75% of Gross 4.75% of Gross 4.75% of Gross P.F Employer Contribution 13.5% of Basic 13.5% of Basic 13.5% of Basic Non Taxeble Gratuity 4.16% of Basic 4.16% of Basic 4.16% of Basic Non Taxeble CTC Example:-
From India, Mumbai
L1 L2 L3 For Employee For Company Basic 35% of CTC 40% of CTC 50% of CTC Taxable Non FBT HRA 65% of Basic 65% of Basic 65% of Basic Taxeble /Non Taxeble Non FBT Medical 1250 1250 1250 Non Taxeble Non FBT transport Allowance 800 800 800 Non Taxeble Non FBT Uniform Reimbursement 2000 1500 1000 Non Taxeble Non FBT Education Allowance 200 200 200 Non Taxeble Non FBT Petrol & Vehicle Maintenance 5000 3000 Nil Non Taxeble FBT 7% Lap Top Rent 1500 1500 1500 Non Taxeble Non FBT Mobile 1200 800 600 Non Taxeble FBT 7% Leave Encashment 4.16% of Basic 4.16% of Basic 4.16% of Basic Taxeble Special Allowance Rest Of the Amount Rest Of the Amount Rest Of the Amount Taxeble Gross Bonus 8.33% of Basic 8.33% of Basic 8.33% of Basic Taxeble ESIC Employer Contribution 4.75% of Gross 4.75% of Gross 4.75% of Gross P.F Employer Contribution 13.5% of Basic 13.5% of Basic 13.5% of Basic Non Taxeble Gratuity 4.16% of Basic 4.16% of Basic 4.16% of Basic Non Taxeble CTC Example:-
Basic 17,500 10,000 6,550
HRA 11,375 6,500 1,000
Medical 1,250 1250 0
transport Allowance 800 800 800
Uniform Reimbursement 2,000 1500 0
Education Allowance 200 200 0
Petrol & Vehicle Maintenance 5,000 3000 0
Lap Top Rent 1,500 1500 0
Mobile 1,200 800 0
Leave Encashment 728 416 272
Special Allowance 3,727 -3,681 773
Gross 45,280 22,285 9,396
Bonus 1,458 833 546
ESIC
P.F 2,100 1,200 786
Gratuity 728 416 272
FBT 7% 434 266 0
CTC 50000 25,000 11000
From India, Mumbai
Basic 17,500 10,000 6,550
HRA 11,375 6,500 1,000
Medical 1,250 1250 0
transport Allowance 800 800 800
Uniform Reimbursement 2,000 1500 0
Education Allowance 200 200 0
Petrol & Vehicle Maintenance 5,000 3000 0
Lap Top Rent 1,500 1500 0
Mobile 1,200 800 0
Leave Encashment 728 416 272
Special Allowance 3,727 -3,681 773
Gross 45,280 22,285 9,396
Bonus 1,458 833 546
ESIC
P.F 2,100 1,200 786
Gratuity 728 416 272
FBT 7% 434 266 0
CTC 50000 25,000 11000
From India, Mumbai
Dear Senior,
Presently working in Oil and Gas Industry seeking detail informations on following-
From Netherlands
Presently working in Oil and Gas Industry seeking detail informations on following-
- Who (which grade of employees) are elligible for Overtime payment.
- Who (which grade of employees) are elligible for Incentives.
- Please provide me the OT Payment structure as per the statutory norms and general practice in industry.
- Incentive plan calculation and general practice in industry.
From Netherlands
Dear Vaishali
Any one below managirial level are eligile for OT again it depends on the compnay policies and major compnaies give OT UPto clerical staff.
For incentive it depends on the company policy and moreover incentive are given to every one it will be performance based.
As i am from consulting industry
reach me
regards
Gopal
From India, Madras
Any one below managirial level are eligile for OT again it depends on the compnay policies and major compnaies give OT UPto clerical staff.
For incentive it depends on the company policy and moreover incentive are given to every one it will be performance based.
As i am from consulting industry
reach me
regards
Gopal
From India, Madras
Hi
Can i get the information on if some person goes onsite to any other country for 6 months and other 6 months if he works in INDIA then what would be the IT effect in exemption and ETC.
Regards
Gopal
From India, Madras
Can i get the information on if some person goes onsite to any other country for 6 months and other 6 months if he works in INDIA then what would be the IT effect in exemption and ETC.
Regards
Gopal
From India, Madras
Myself Jaishree Nair , working as an HR Manager in a Mall , I have work exp of 13 years in HR , I have done PG in HR & IR 12 years back and I believe that since then there has been a tremendous change in the HRM field , so I want to refresh my skills in HR field , pls suggest which are the suitable courses / institutes for doing correspondence courses in HRM.
Thanks.
Jaishree
From India, Jabalpur
Thanks.
Jaishree
From India, Jabalpur
Respected All, Kindly advice salary structure for associates level for the purpose of increase in hand salary part. Regards
From India, Dehra Dun
From India, Dehra Dun
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