I have read all threads but was confused to decide salary break up for employee.
Please help me to decide salary break up for following salary range. Our office is located at masjid bunder, Mumbai & other offices are also in mumbai only. so it comes under which zone to decide minimum wages accurate rates?
1. salary rs7000/-
2. salary rs.11400/- pm ( break up considering min wages)
3. salary above 45000/- (considering max. tax benefit should be given to employee)
We have following salary breakup format.
BASIC + D.A.
HRA
CONVEYANCE ALLOWANCE
MEDICAL ALLOWANCE
SPECIAL ALLOWANCE
Please help me Sr. as I am new in HR. and within two days I have to provide salary slips to all employees.
From India, Mumbai
1Please help me to decide salary break up for following salary range. Our office is located at masjid bunder, Mumbai & other offices are also in mumbai only. so it comes under which zone to decide minimum wages accurate rates?
1. salary rs7000/-
2. salary rs.11400/- pm ( break up considering min wages)
3. salary above 45000/- (considering max. tax benefit should be given to employee)
We have following salary breakup format.
BASIC + D.A.
HRA
CONVEYANCE ALLOWANCE
MEDICAL ALLOWANCE
SPECIAL ALLOWANCE
Please help me Sr. as I am new in HR. and within two days I have to provide salary slips to all employees.
From India, Mumbai
Please Sr. help me by giving answer. Its urgent.
We dont have PF, ESIC, gratuity etc.
My Management want maximum tax benefit should be given to employee by these structure but as well as it should not harm to company also.
From India, Mumbai
We dont have PF, ESIC, gratuity etc.
My Management want maximum tax benefit should be given to employee by these structure but as well as it should not harm to company also.
From India, Mumbai
thanks for your reply sir, I went through the paycheck website but there minimum wages given as zone wise so I am confused that we come under which zone.
From India, Mumbai
From India, Mumbai
Checkout this link....
Maharashtra Minimum Wage July 2015, Minimum Wage in Maharashtra India I Paycheck.in
From India, Delhi
Maharashtra Minimum Wage July 2015, Minimum Wage in Maharashtra India I Paycheck.in
From India, Delhi
BASIC + D.A. Rs. 8,500
HRA Rs. 1,500
CONVEYANCE ALLOWANCE Rs. 0
MEDICAL ALLOWANCE Rs. 0
SPECIAL ALLOWANCE 0
VARIABLE ALLOWANCE 0
OTHER ALLOWANCES 0
ARREARS 0
Total : 10000
I have done this break up as I read that the basic+DA should be = or more than minimum wages???
is this so???? so according to this is my breakup is ok for above salary range???
From India, Mumbai
HRA Rs. 1,500
CONVEYANCE ALLOWANCE Rs. 0
MEDICAL ALLOWANCE Rs. 0
SPECIAL ALLOWANCE 0
VARIABLE ALLOWANCE 0
OTHER ALLOWANCES 0
ARREARS 0
Total : 10000
I have done this break up as I read that the basic+DA should be = or more than minimum wages???
is this so???? so according to this is my breakup is ok for above salary range???
From India, Mumbai
Hi everyone.. I need your help about salary break up for low CTC up to 15000 CTC per month. As per any new compliance please provide me salary break up for 15k/Month. Now currently I'm working in Samsung electrocs India pvt ltd in telecom sector on 4G project work as a junior engineer.
Please do the needful.
From India, undefined
Please do the needful.
From India, undefined
Dear Tejas,
As per my understanding it should be:
Basic+DA 8500
HRA 4250
Conveyance Allowance 1600
Medical Allowance 650
Gross 15000
Generally companies calculate basic 50% of gross but as I read on this site that the basic+DA should not be less than minimum wages of the state in which co. operates.
Dear seniors correct me if I am wrong.
Thanking you!!!!
From India, Mumbai
As per my understanding it should be:
Basic+DA 8500
HRA 4250
Conveyance Allowance 1600
Medical Allowance 650
Gross 15000
Generally companies calculate basic 50% of gross but as I read on this site that the basic+DA should not be less than minimum wages of the state in which co. operates.
Dear seniors correct me if I am wrong.
Thanking you!!!!
From India, Mumbai
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