Hai Friends,
I'm working in Electronic media as a HR Executive. can anybody pls. provide the salary break up as per Journalist Act for Journalist and Non - Journalist. or pls. prefer any website :?: .
From India, Hyderabad
I'm working in Electronic media as a HR Executive. can anybody pls. provide the salary break up as per Journalist Act for Journalist and Non - Journalist. or pls. prefer any website :?: .
From India, Hyderabad
As far as salary breakup is concern the simplest breakup of any gross salary can be:
Basic= 2/3 of gross
House Rent= 40% result of 2/3
Utilities= Rest of all
Example: Gross 10,000/-
Basic= 6,667/-
House Rent= 2,667/-
Utilities=666/-
Athar Hashmi
1Basic= 2/3 of gross
House Rent= 40% result of 2/3
Utilities= Rest of all
Example: Gross 10,000/-
Basic= 6,667/-
House Rent= 2,667/-
Utilities=666/-
Athar Hashmi
Hai Amith,
Is it necessary to break the salary like 30% basic, 30% HRA, 25% conveyance and remaining as other allowances?
In our company (IT) we are not doing in that way. In all the companies I worked they will break up the salary with low basic. Because the PF deduction will be based on the basic right? So they will give very low basic. Here at my present company we are not deducting any PF or ESI because our total strength is not 20. But we provide nominal basic and the allowances will be high compare to basic. If there is any rule then we also have to follow that. So let me know that is there any rule as mentioned above 30%, 30%, 25% and balance?
Vasanthi
From India, Madras
Is it necessary to break the salary like 30% basic, 30% HRA, 25% conveyance and remaining as other allowances?
In our company (IT) we are not doing in that way. In all the companies I worked they will break up the salary with low basic. Because the PF deduction will be based on the basic right? So they will give very low basic. Here at my present company we are not deducting any PF or ESI because our total strength is not 20. But we provide nominal basic and the allowances will be high compare to basic. If there is any rule then we also have to follow that. So let me know that is there any rule as mentioned above 30%, 30%, 25% and balance?
Vasanthi
From India, Madras
Yes Vasanthi, you are very true..
Most of the companies do keep their basic low, but HRA approx 50% to help in taxes.. and allowance would be high...
Actually it works in terms of more take home salary...
Regards,
Amit Seth.
From India, Ahmadabad
Most of the companies do keep their basic low, but HRA approx 50% to help in taxes.. and allowance would be high...
Actually it works in terms of more take home salary...
Regards,
Amit Seth.
From India, Ahmadabad
Hi!
Amit,
I am working as an HR executive.I never dealt with the salary issues.Now I am looking for a change in my job. It may happen that in the new comapny I may be asked for the issues in the salary ,how salary was maintained in the last company? etc. , because I am looking for a change in a generic profile .So can you send me some data,some information and other necessary matter for the same which will help me in the new company to deal if I will be asked to do it on my own without any body's help and guidance.
Looking forward forward for your help and advice.
Anupriya Bhattacharya
From India, Pune
Amit,
I am working as an HR executive.I never dealt with the salary issues.Now I am looking for a change in my job. It may happen that in the new comapny I may be asked for the issues in the salary ,how salary was maintained in the last company? etc. , because I am looking for a change in a generic profile .So can you send me some data,some information and other necessary matter for the same which will help me in the new company to deal if I will be asked to do it on my own without any body's help and guidance.
Looking forward forward for your help and advice.
Anupriya Bhattacharya
From India, Pune
Hi Anupriya,
Its really good that you are showing your interest to learn more in your professional field and its really a good approach to achieve success...
See.. in salary structure preparation you are required to be aware with the basic contents like Basic, HRA, CCA, PF, ESI, Medical Reimbursement..
Because rest components varies from company to company...
Some companies pay educational allowance while some not.. likewise different components been adopted by different companies..
So.. have a basic information with salary structure.. it is also required while calculating salary for a month.. n during full & final settlement as well... Go through the structure once again n if get any confusion feel free to ask..
Regards,
Amit Seth.
From India, Ahmadabad
Its really good that you are showing your interest to learn more in your professional field and its really a good approach to achieve success...
See.. in salary structure preparation you are required to be aware with the basic contents like Basic, HRA, CCA, PF, ESI, Medical Reimbursement..
Because rest components varies from company to company...
Some companies pay educational allowance while some not.. likewise different components been adopted by different companies..
So.. have a basic information with salary structure.. it is also required while calculating salary for a month.. n during full & final settlement as well... Go through the structure once again n if get any confusion feel free to ask..
Regards,
Amit Seth.
From India, Ahmadabad
Hi Sandeep, Below I have attached a detailed COMPENSATION RULES AND DESIGN GUIDELINES doc. Please refer to it and let me know if you found it useful. Thank you! Regards Sanghamitra
Hi...Sandeep...
Here is some inputs
Basic : 50 % of Gross
HRA : 40% of Basic
Conveyence: 800 Max
Medical reimbursement : 1250 Max
vehicle Maint: 12000 Max
personal pay/ variable pay: rest amounts.
others include Co's contribution to PF, Gratuity( 5% )Superanuation (15% of basic with lock in period) contribution, bonus/ exgrtia etc
regards
Aravind
From India, Bangalore
Here is some inputs
Basic : 50 % of Gross
HRA : 40% of Basic
Conveyence: 800 Max
Medical reimbursement : 1250 Max
vehicle Maint: 12000 Max
personal pay/ variable pay: rest amounts.
others include Co's contribution to PF, Gratuity( 5% )Superanuation (15% of basic with lock in period) contribution, bonus/ exgrtia etc
regards
Aravind
From India, Bangalore
Dear Sandeep Basic should be in between 40 to 60% of basic and HRA will be fixed at 40 to 50% on basic and accordingly other allowances are to be fixed. Regards L.Kumar
From India, Madras
From India, Madras
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Salary Break up calculator.xls