Dear All, Please find attached file on Salary Structure for a company. Kindly guide/ suggest any modifications/alteration required. Regards Suhas
From India, Pune
3From India, Pune
I had seen the file attached herewith.
I will suggest that the basic should not be kept as minimum wages under minimum wages act. Ultimatly you have to made statutory deduction like PF etc. Hence the basic should be nearby 50 to 60 percent. It should be changed also when ever the increment is given. If wages is kept under minimum wages act, ultimatly it will have to be changed every sixth months due to the increase in minimum wages act.
I wil sugget that there should be no impect of basic salary or DA on minimum wages act.
Rest are fine.
pmaditi
From India, Nagpur
I will suggest that the basic should not be kept as minimum wages under minimum wages act. Ultimatly you have to made statutory deduction like PF etc. Hence the basic should be nearby 50 to 60 percent. It should be changed also when ever the increment is given. If wages is kept under minimum wages act, ultimatly it will have to be changed every sixth months due to the increase in minimum wages act.
I wil sugget that there should be no impect of basic salary or DA on minimum wages act.
Rest are fine.
pmaditi
From India, Nagpur
My Gross salary is Rs. 45000. Its shown as Basic: 6500 + HRA-19250 +TA-19250. Is the proportion is correct ? . The problem is while getting Gratuity the company is taking basic salary of Rs.6500/- only. and not 45000 as a whole. Is it not cheating an employee ? Is there any prescribed format for splitting of gross salary?
From India, Bangalore
From India, Bangalore
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Creating a Competitive Salary Structure.doc
Salary Structure.zip