Hi,
please any one suggest me what should be the percentage of BASIC & DA in CTC,
How to frame the salary statement as per law. please anyone send me the salary statement format.
Currently we have BASIC & DA - 30% on CTC
HRA - 40% on BASIC & DA
CA - 800
MA - 1250
Are we following correctly?
Thanks in advance.
Shakunthala
From India, Bangalore
9please any one suggest me what should be the percentage of BASIC & DA in CTC,
How to frame the salary statement as per law. please anyone send me the salary statement format.
Currently we have BASIC & DA - 30% on CTC
HRA - 40% on BASIC & DA
CA - 800
MA - 1250
Are we following correctly?
Thanks in advance.
Shakunthala
From India, Bangalore
Hi,
We would suggest that while fixing the % for Basic + DA, please consider, the same should be satisfying the minimum wages (current).
There is no any legal provisions to fixing the "%" for salary component. The purpose of fixing % is to show the uniformity in salary fixation, irrespective of levels / designations.
We have attached the salary working sheet for your reference, hope this would support you to understand well.
From India, Chennai
We would suggest that while fixing the % for Basic + DA, please consider, the same should be satisfying the minimum wages (current).
There is no any legal provisions to fixing the "%" for salary component. The purpose of fixing % is to show the uniformity in salary fixation, irrespective of levels / designations.
We have attached the salary working sheet for your reference, hope this would support you to understand well.
From India, Chennai
Hi Ms. Shakunthala
As per statutory there is no any fixed % of salary breakups. All we follow those breakup is to optimise the TDS. But as per statutory requirements the basic & DA should not be less than the Karnataka minimum wages act
From India, Bangalore
As per statutory there is no any fixed % of salary breakups. All we follow those breakup is to optimise the TDS. But as per statutory requirements the basic & DA should not be less than the Karnataka minimum wages act
From India, Bangalore
Hi You please tell me type of the industry that you work & the location of the office. It varies from industry to industry & location to location.
From India, Bangalore
From India, Bangalore
Hi,
Thanks for your reply...
If you dont mind have small doubt on excel what have attached... u have given two statements one with ESI and another without ESI. with ESI - Basic&DA is 40% of CTC
Without ESI - Basic & Da is 50% of CTC ... Y is that two seperate statements?.
From India, Bangalore
Thanks for your reply...
If you dont mind have small doubt on excel what have attached... u have given two statements one with ESI and another without ESI. with ESI - Basic&DA is 40% of CTC
Without ESI - Basic & Da is 50% of CTC ... Y is that two seperate statements?.
From India, Bangalore
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