Mr. Oberoi,
There is no limit for attendance allowance and Performance Allowance. it is flexible. You can keep and maneuver these components as per your wish.
All allowances paid in any nomenclature are taxable.
EDN - Is Education Allowance:
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LTA - We have policy of paying LTA during the month of January as we celebrate 'Pongal' / Sankaranthi at that time. The money paid can be utilized for the festival
Education Allowance - Is paid during the month of April / May, This is the time, normally results are annouced, school feeds need to pay, uniform / books of their children are to be purchased. When we pay during this time, the same can be utilized by the employees for the purpose, it is meant for.
V. Balaji
From India, Madras
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113There is no limit for attendance allowance and Performance Allowance. it is flexible. You can keep and maneuver these components as per your wish.
All allowances paid in any nomenclature are taxable.
EDN - Is Education Allowance:
======
LTA - We have policy of paying LTA during the month of January as we celebrate 'Pongal' / Sankaranthi at that time. The money paid can be utilized for the festival
Education Allowance - Is paid during the month of April / May, This is the time, normally results are annouced, school feeds need to pay, uniform / books of their children are to be purchased. When we pay during this time, the same can be utilized by the employees for the purpose, it is meant for.
V. Balaji
From India, Madras
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Dear All, Briefly describe the Gross and CTC? Difference between Gross and CTC.? Regards Ram
From India, Hyderabad
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From India, Hyderabad
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Hi, sir. Good morning. Let me introduce myself. I'm Devendra, working as an HR officer. Could you please provide information regarding the salary structure at our company, Thirumalai Constructions & Engg India Pvt Ltd? Our company undertakes civil and mechanical jobs for big companies like Kirloskar, Kalyani HRG Steels, Alloys Ltd, and SBQ Steels Ltd. The nature of our business is contract-based. Currently, we have a total of 50 employees. I would like details on the components of the salary structure such as basic pay, DA, HRA, and other allowances. Kindly assist me in understanding the salary calculation and the basis for it. Thank you.
From India, Bangalore
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From India, Bangalore
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Dear Ram,
Salary Structure for Rs. 12,000 CTC:
Basic = 30% of CTC = Rs. 3,600
HRA = 40% of Basic = Rs. 1,440
Special Allowance = 15% of CTC = Rs. 1,800
Other Allowances = Rest Amount = Rs. 4,195
Extra Gratuity = Rs. 360
Gratuity = Rs. 173
PF Employer = Rs. 432
Total: Rs. 12,000
From India, Nasik
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Salary Structure for Rs. 12,000 CTC:
Basic = 30% of CTC = Rs. 3,600
HRA = 40% of Basic = Rs. 1,440
Special Allowance = 15% of CTC = Rs. 1,800
Other Allowances = Rest Amount = Rs. 4,195
Extra Gratuity = Rs. 360
Gratuity = Rs. 173
PF Employer = Rs. 432
Total: Rs. 12,000
From India, Nasik
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dear sir, i joined to new organisation. but i don’t have basic salary structure knowledge in this case please help. give me proper guideline in above case. pay structure calculation
From India, Mumbai
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From India, Mumbai
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Hi all,
Can you please let me know how we are fixing the basic salary, HRA, and other components? Could anybody share a format on how to structure salary components? Some companies offer basic salary at 40%, 50%, or 60%. Does a lower basic salary affect PF contributions? Please provide your suggestions on this matter.
Additionally, some companies pay low salaries like Rs. 5000/- per month. Is it appropriate to pay such low salaries?
If anyone could get in touch with me regarding these questions, I would appreciate it.
Thanks & Regards,
Ashok Negidi
M: 9550742711
From India, Hyderabad
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Can you please let me know how we are fixing the basic salary, HRA, and other components? Could anybody share a format on how to structure salary components? Some companies offer basic salary at 40%, 50%, or 60%. Does a lower basic salary affect PF contributions? Please provide your suggestions on this matter.
Additionally, some companies pay low salaries like Rs. 5000/- per month. Is it appropriate to pay such low salaries?
If anyone could get in touch with me regarding these questions, I would appreciate it.
Thanks & Regards,
Ashok Negidi
M: 9550742711
From India, Hyderabad
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Dear Mr. Balaji,
With reference to your worksheet on the salary structure, could you kindly explain how you arrived at the basic amount of 3000 when the gross salary is 12165? According to your calculation, the basic salary is less than 25% of the gross salary. Some suggest it should be 40% or 50% of the gross.
I understand the conveyance allowance of 800, but could you provide insight into how you calculated DA, HRA, and attendance allowance? Additionally, for the remaining amount, can we designate it as a special allowance or performance allowance? Kindly guide me on the fixed and variable components of the salary, including their calculations and formulas.
Regards,
Menika Sajwan
From India, Delhi
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With reference to your worksheet on the salary structure, could you kindly explain how you arrived at the basic amount of 3000 when the gross salary is 12165? According to your calculation, the basic salary is less than 25% of the gross salary. Some suggest it should be 40% or 50% of the gross.
I understand the conveyance allowance of 800, but could you provide insight into how you calculated DA, HRA, and attendance allowance? Additionally, for the remaining amount, can we designate it as a special allowance or performance allowance? Kindly guide me on the fixed and variable components of the salary, including their calculations and formulas.
Regards,
Menika Sajwan
From India, Delhi
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Hi, I am working in the medical department of a hospital. They are paying Rs. 12,000 in cash. I need a pay slip for another job, so kindly provide a breakdown for Rs. 12,000 as follows:
BASIC..........
HRA..........
DA..........
PF..........
ESI..........
HYDERABAD CITY
Kindly provide the breakdown.
From India, Hyderabad
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BASIC..........
HRA..........
DA..........
PF..........
ESI..........
HYDERABAD CITY
Kindly provide the breakdown.
From India, Hyderabad
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Hi All,
My name is Bhavanishankar. I worked in a consultancy that paid me a salary of $12,000, and I need a payslip for the same. I would like the payslip to show that after all deductions, my take-home pay is $12,000. Additionally, I am looking to explore new job opportunities.
Regards,
N. Bhavanishankar
From India, Hyderabad
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My name is Bhavanishankar. I worked in a consultancy that paid me a salary of $12,000, and I need a payslip for the same. I would like the payslip to show that after all deductions, my take-home pay is $12,000. Additionally, I am looking to explore new job opportunities.
Regards,
N. Bhavanishankar
From India, Hyderabad
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