Dear Sir Please send mi how to calculate Salary Break Up in hospitality . I Dont Know how to calculate salary break up
From India, Daund
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From India, Daund
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Generally, 40 to 60% of the salary is treated as the basic salary (where there is no DA), and the remaining amount is split into allowances. If your organization is in Maharashtra and employs 50 or more workers, a minimum of 5% of the basic salary should be paid as HRA. To avoid ESI deductions, you may have headings such as Conveyance allowance, washing allowance, and apportion the rest of the amounts accordingly. For a group of employees performing similar work, the quantum of these allowances can be the same; only the basic salary will be different.
From India, Mumbai
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274From India, Mumbai
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Dear Shrikant,
Can you please advise on a new pay structure for the Hospitality industry? Currently, we are providing a Salary + Performance incentive on a quarterly basis. However, the management now wishes to make a change.
Please provide some suggestions for the new pay scheme in the Hospitality Industry.
Regards,
Binu
From United States, New York
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Can you please advise on a new pay structure for the Hospitality industry? Currently, we are providing a Salary + Performance incentive on a quarterly basis. However, the management now wishes to make a change.
Please provide some suggestions for the new pay scheme in the Hospitality Industry.
Regards,
Binu
From United States, New York
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Hi Shrivastava, What is headung? How do we avoid esi deduction
From India, Chennai
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From India, Chennai
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Experts say that the basic salary of an employee is approximately 40% to 50% of the CTC. If it falls below 35%, the employee loses out on retirement benefits, which are linked to the basic salary. However, if it exceeds 50% of the CTC, it increases his/her tax liability because the basic salary is fully taxable.
Thank you.
From India, Delhi
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Thank you.
From India, Delhi
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