Hi people
Could we have come percentage splits of each of these components in compensation structure across industries ... lets say for an IT , ITES , FMCG , Pharma , Auto , Consultancy , Financial Setup , Govt ...
ps : Splits as in gross,net,ctc ....
Regards
Dheeraj
:?:
From India, Calcutta
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3Could we have come percentage splits of each of these components in compensation structure across industries ... lets say for an IT , ITES , FMCG , Pharma , Auto , Consultancy , Financial Setup , Govt ...
ps : Splits as in gross,net,ctc ....
Regards
Dheeraj
:?:
From India, Calcutta
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Dear Ruchi, I am enclosing some samples, but I dont think it is necessary. Your Pay Slip is more or less ok. Put the Company Logo and Name. Regards, SC
From India, Thane
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From India, Thane
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Hi ,
This is Amol agaskar working for HR Service Provide
Basic 5000
HRA 2500
Conveyance 800
Medical 1250
Gross Salary 9550
(-) PF 600
(-)ESIC 167
TDS Nil
Net Salary 8783
From the above things u can follow that Gross Salary is the Gross Earning and when u deduct the deductions from the Gross u will be getting Net Salary.
Reagrds.
From India, Mumbai
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This is Amol agaskar working for HR Service Provide
Basic 5000
HRA 2500
Conveyance 800
Medical 1250
Gross Salary 9550
(-) PF 600
(-)ESIC 167
TDS Nil
Net Salary 8783
From the above things u can follow that Gross Salary is the Gross Earning and when u deduct the deductions from the Gross u will be getting Net Salary.
Reagrds.
From India, Mumbai
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CTC - Cost to Company,
In CTC Salary Distribution will be ,
(A) Basic Salary + HRA + DA
(B) Conveyance + Medical + Other / Special Allowance if any
(C) Employers Contribution for PF (12% of Basic)
Employers Contribution for ESIC (4.75% of Gross)
(D) Employees Contribution for PF (12% of Basic)
Employees Contribution for ESIC (1.75% of Gross)
Gross Salary = (A) + (B)
CTC = (A) + (B) + (C)
Net in Hand = (A) + (B) - (D)
From India, Mumbai
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In CTC Salary Distribution will be ,
(A) Basic Salary + HRA + DA
(B) Conveyance + Medical + Other / Special Allowance if any
(C) Employers Contribution for PF (12% of Basic)
Employers Contribution for ESIC (4.75% of Gross)
(D) Employees Contribution for PF (12% of Basic)
Employees Contribution for ESIC (1.75% of Gross)
Gross Salary = (A) + (B)
CTC = (A) + (B) + (C)
Net in Hand = (A) + (B) - (D)
From India, Mumbai
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CTC - Cost to Company,
In CTC Salary Distribution will be ,
(A) Basic Salary + HRA + DA
(B) Conveyance + Medical + Other / Special Allowance if any
(C) Employers Contribution for PF (12% of Basic)
Employers Contribution for ESIC (4.75% of Gross)
(D) Employees Contribution for PF (12% of Basic)
Employees Contribution for ESIC (1.75% of Gross)
Gross Salary = (A) + (B)
CTC = (A) + (B) + (C)
Net in Hand = (A) + (B) - (D)
Thanks and Regards,
Amol Agaskar (SR. HR Executive - HR Opeartions)
HRprowess
From India, Mumbai
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In CTC Salary Distribution will be ,
(A) Basic Salary + HRA + DA
(B) Conveyance + Medical + Other / Special Allowance if any
(C) Employers Contribution for PF (12% of Basic)
Employers Contribution for ESIC (4.75% of Gross)
(D) Employees Contribution for PF (12% of Basic)
Employees Contribution for ESIC (1.75% of Gross)
Gross Salary = (A) + (B)
CTC = (A) + (B) + (C)
Net in Hand = (A) + (B) - (D)
Thanks and Regards,
Amol Agaskar (SR. HR Executive - HR Opeartions)
HRprowess
From India, Mumbai
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Gross Salary is inclusive of all the remuneration payable to an employee.
while net salary is only the take-home salary. i.e, Gross salary earned minus the deductions towards ESI, EPF, PT, Insurance etc..
From India, Mumbai
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while net salary is only the take-home salary. i.e, Gross salary earned minus the deductions towards ESI, EPF, PT, Insurance etc..
From India, Mumbai
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Gross salary is what you receive from your company and give your wife and net salary is what you get from her in the subsequent month.
From India, Madras
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From India, Madras
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hi,friends
how is life? hope going on cool.
Gross salary is the combination of basic,da,hra,transport allowance,convenence,entertainment,special allowance and other allowance.Net salary=Gross salary-deductions(PF,ESI,PT,IT,Adavance,Union fund and others).hope it is clear.
with great wishes
sureshbabu(09247299593)
hyderabad.
From India, Hyderabad
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how is life? hope going on cool.
Gross salary is the combination of basic,da,hra,transport allowance,convenence,entertainment,special allowance and other allowance.Net salary=Gross salary-deductions(PF,ESI,PT,IT,Adavance,Union fund and others).hope it is clear.
with great wishes
sureshbabu(09247299593)
hyderabad.
From India, Hyderabad
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My understanding of Gross salary is your income before statutory deductions. We could also equate it with the term "Basic Salary".
Net salary is therefoe the income after deuctions.Could be termed as "take home pay"
Please note however that there are certain benefits that are non cash which could have been converted into cash and added to your net salary ie Free cell phone use, Fuel etc, car maintenance
I hope you find this eplanation useful.
Paa Kow
From Ghana, Kumasi
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Net salary is therefoe the income after deuctions.Could be termed as "take home pay"
Please note however that there are certain benefits that are non cash which could have been converted into cash and added to your net salary ie Free cell phone use, Fuel etc, car maintenance
I hope you find this eplanation useful.
Paa Kow
From Ghana, Kumasi
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Dear All,
The CTC structure can be broken into three major components, like CTC, Gross Salary & Net Take Home.
CTC (Includes Gross Salary + Employer Contributions like ESI, PF & Insurance if any)
Gross Salary (Includes Net Take home + Employee Contributions like ESI, PF & Prof Tax)
The final component after the above deductions, will the Net take home salary of an employee.
Rgds,
Suresh Ramalingam
Consultant - Compliance
From India, Mumbai
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The CTC structure can be broken into three major components, like CTC, Gross Salary & Net Take Home.
CTC (Includes Gross Salary + Employer Contributions like ESI, PF & Insurance if any)
Gross Salary (Includes Net Take home + Employee Contributions like ESI, PF & Prof Tax)
The final component after the above deductions, will the Net take home salary of an employee.
Rgds,
Suresh Ramalingam
Consultant - Compliance
From India, Mumbai
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Gross Salary(1).xls