hi!!! all
Frnds ! our company is revising staff salary.....so cud anyone help me out?
which allowances apart from HRA ,DA & TA to be included?What to include in spcl & superannuation allowance?plz reply soon..its really urgent..one more thing some ppl say HRA,DA is calculated on Basic and some calculate on CTC...which of the two is right?
Regards
Archana
From India, Bangalore
Frnds ! our company is revising staff salary.....so cud anyone help me out?
which allowances apart from HRA ,DA & TA to be included?What to include in spcl & superannuation allowance?plz reply soon..its really urgent..one more thing some ppl say HRA,DA is calculated on Basic and some calculate on CTC...which of the two is right?
Regards
Archana
From India, Bangalore
Basic Salary is the base for calculation of any salary structure. Once Basic pay is fixed, allowances such as Dearness Allowance, House Rent Allowance, Special Pay/ Allowances etc shall be fixed as a percentage of such Basic Pay. Usually, City Compensatory allowance will be a fixed sum and the same will be equal to all employees irrespective of grade or pay scale. Other allowances, such as, Night Shift Allowances, Heat Allowances etc shall be on the number of days of work.
There are companies offering "CTC" to employees and employees trying to find out what their Basic Salaries are. Similarly, fixing basic salary as percentage of gross salary. These are practice are wrong from the point of view of pay fixation.
Regards,
Madhu.T.K
From India, Kannur
4249There are companies offering "CTC" to employees and employees trying to find out what their Basic Salaries are. Similarly, fixing basic salary as percentage of gross salary. These are practice are wrong from the point of view of pay fixation.
Regards,
Madhu.T.K
From India, Kannur
may i know wat is heat allowance??is it related to some of the temperature conditions related to blast furnaces ,etc......any idea about superannuation?
From India, Bangalore
From India, Bangalore
Hi Archana
HRA ia always calculated on Basic Salary. All the salary components are calculated on Basic Salary apart from ESI. Only ESI is calculated on Gross Salary (Employer Contribution: 4.75% & Employee Contribution : 1.75% of Gross Salary). Employees whose Gross Salary is Rs.10000 or less than Rs.10000 P.M is entitled for having ESI as a part of salary structure. Also you can include Medical Reimbursement Component in the salary structure which is Rs. 15000 annually. You can also include Fringe Benefit components in the salary structure.
Regards
Nilima
From India, Gurgaon
HRA ia always calculated on Basic Salary. All the salary components are calculated on Basic Salary apart from ESI. Only ESI is calculated on Gross Salary (Employer Contribution: 4.75% & Employee Contribution : 1.75% of Gross Salary). Employees whose Gross Salary is Rs.10000 or less than Rs.10000 P.M is entitled for having ESI as a part of salary structure. Also you can include Medical Reimbursement Component in the salary structure which is Rs. 15000 annually. You can also include Fringe Benefit components in the salary structure.
Regards
Nilima
From India, Gurgaon
Hai, As CTC is a combination of Fixed + Variable Components, so what all comes under variable components of a salary
From India, Hyderabad
From India, Hyderabad
hello
For understaing your querrry I need to understand your salary system, how it is decided? whether your are calculating on CTC concept or by traditional concept. whether any settlrment for this purpose is in force or not.
All this aspects required to be understand then only proper reply can be given.
Pl write to me on my mail
or contact on mobile:9227233315.
with regards
himanshu:)
From India, Ahmadabad
For understaing your querrry I need to understand your salary system, how it is decided? whether your are calculating on CTC concept or by traditional concept. whether any settlrment for this purpose is in force or not.
All this aspects required to be understand then only proper reply can be given.
Pl write to me on my mail
with regards
himanshu:)
From India, Ahmadabad
helo janaki!!! asa far as my information variable components include performance bonus,TA and in some cases CCA also.hope this will help u a bit.
From India, Bangalore
From India, Bangalore
Dear Archana,
all are given good examples.
Basic itself is saying that it is basic component to calculate the other allowances.
DA(may or maynot), HRA(as per the location), CCA (Depends on the cost of living of the city), Heat allowance(may not applicable to all organizations except manufucturing), Special Allowance (depends onTaxable income), Mobile allowance (depends on level of job), Library allowance etc...
Basic should be standard and vary from the levels of employement.
all the best
we hope that you make better salary structure/ Payscale
bye
Srinivas
From India, Hyderabad
all are given good examples.
Basic itself is saying that it is basic component to calculate the other allowances.
DA(may or maynot), HRA(as per the location), CCA (Depends on the cost of living of the city), Heat allowance(may not applicable to all organizations except manufucturing), Special Allowance (depends onTaxable income), Mobile allowance (depends on level of job), Library allowance etc...
Basic should be standard and vary from the levels of employement.
all the best
we hope that you make better salary structure/ Payscale
bye
Srinivas
From India, Hyderabad
Dear Archana,
all are given good examples.
Basic itself is saying that it is basic component to calculate the other allowances.
DA(may or maynot), HRA(as per the location), CCA (Depends on the cost of living of the city), Heat allowance(may not applicable to all organizations except manufucturing), Special Allowance (depends onTaxable income), Mobile allowance (depends on level of job), Library allowance etc...
Basic should be standard and vary from the levels of employement.
all the best
we hope that you make better salary structure/ Payscale
bye
Srinivas
From India, Hyderabad
all are given good examples.
Basic itself is saying that it is basic component to calculate the other allowances.
DA(may or maynot), HRA(as per the location), CCA (Depends on the cost of living of the city), Heat allowance(may not applicable to all organizations except manufucturing), Special Allowance (depends onTaxable income), Mobile allowance (depends on level of job), Library allowance etc...
Basic should be standard and vary from the levels of employement.
all the best
we hope that you make better salary structure/ Payscale
bye
Srinivas
From India, Hyderabad
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