Dear Seniors
Please let me know, ON what basis the Salary Structure has been created?. if there is any act is there to do the Salary Structure breakups and its % on Salary.
expecting your reply for Need guidance in this.
Regards
rajini
From India, Karur
Please let me know, ON what basis the Salary Structure has been created?. if there is any act is there to do the Salary Structure breakups and its % on Salary.
expecting your reply for Need guidance in this.
Regards
rajini
From India, Karur
Hi Mr. Rajini
Salary structure is been created to in consideration of Tax exemption. There are no any standard structure. But generally it is prepared as
Basic = 50% on Gross
HRA = 60% on Basic
Conveyance Allowance = 800/-
Medical Allowance = 1250/-
remaining as Spl Allowance
From India, Bangalore
639Salary structure is been created to in consideration of Tax exemption. There are no any standard structure. But generally it is prepared as
Basic = 50% on Gross
HRA = 60% on Basic
Conveyance Allowance = 800/-
Medical Allowance = 1250/-
remaining as Spl Allowance
From India, Bangalore
HI Rajani,
you can have the CTC structure under the following heads
DEDUCTIONS
Basic : 40 to 50% of basic PF company contro
H R A : 5% to 40% or 50% of basic ESI - Yes or No
Conveyance : 800 Professional Tax
Personal Allowances Bonus
Medical allowances :1250 Mobile
Vehicle maintenance Others
LTA Income Tax (pm)
CTC
From India, Mumbai
you can have the CTC structure under the following heads
DEDUCTIONS
Basic : 40 to 50% of basic PF company contro
H R A : 5% to 40% or 50% of basic ESI - Yes or No
Conveyance : 800 Professional Tax
Personal Allowances Bonus
Medical allowances :1250 Mobile
Vehicle maintenance Others
LTA Income Tax (pm)
CTC
From India, Mumbai
Those % are based on our own decision. These is no any thumb rule. It is just to save employee Tax :)
From India, Bangalore
From India, Bangalore
Dear Sir,
There is no clear cut policy of salary breakup.
Individual Managements will evlue a policy according to the industry type.
some Industries will follw 60% and 40% as Basic and other Allowances. Others may be 40% and 60%
as per the decision of management. No hard and fast fule.
D.Gurumurthy
LL.HR.IR Consultant,
Hyderabad.
From India, Hyderabad
There is no clear cut policy of salary breakup.
Individual Managements will evlue a policy according to the industry type.
some Industries will follw 60% and 40% as Basic and other Allowances. Others may be 40% and 60%
as per the decision of management. No hard and fast fule.
D.Gurumurthy
LL.HR.IR Consultant,
Hyderabad.
From India, Hyderabad
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Typical salary breakup.jpg
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