Hi Seema, Very informative for new HR professionals. Can u pl guide me hw did u calculate the PF, ESI, Ex gratia & IT Regards Deep
From India, Bangalore
From India, Bangalore
Hi Seema ! :lol:
Thanx a million, apart, could u help me out on the salary slab for a SME. The company working is a 15+ Cr. Turnover Engineering organisation with ISO9001:2000 certification.
The managment have asked me to provide them the salary slab for the various job positions in our organisation, viz., how much has to pay in the starting, increments/pay revision in an year.
How much has to pay for fresher, of 1 year/2 yr/3 yr/4 yr/5 yr; 5 - 10 yr, 10 - 15 yr & 15-20 yr experience ?
I shall be posting the same after sorting out the positions in the forum.
Hope u'll guide me on this
rgds
HRP
From India, Bangalore
Thanx a million, apart, could u help me out on the salary slab for a SME. The company working is a 15+ Cr. Turnover Engineering organisation with ISO9001:2000 certification.
The managment have asked me to provide them the salary slab for the various job positions in our organisation, viz., how much has to pay in the starting, increments/pay revision in an year.
How much has to pay for fresher, of 1 year/2 yr/3 yr/4 yr/5 yr; 5 - 10 yr, 10 - 15 yr & 15-20 yr experience ?
I shall be posting the same after sorting out the positions in the forum.
Hope u'll guide me on this
rgds
HRP
From India, Bangalore
hai
60% of Gross should be in basic
40% of basic should be HRA depending on Class of city
Rest all amount can be bifurcated into different heads such as all purpose allowance ,special allowance, retaining allowance etc.
for tax exception against reimburusement
Rs750/- Books and periodicals
Rs.1250/-Medical Allowances
Rs.5000/-Driver Salary
Rs. 1500/- Food allowances
Rs.4000/- or so for conveyance expenses
Telephone /mobile bills
Electricity /water bills
From India
260% of Gross should be in basic
40% of basic should be HRA depending on Class of city
Rest all amount can be bifurcated into different heads such as all purpose allowance ,special allowance, retaining allowance etc.
for tax exception against reimburusement
Rs750/- Books and periodicals
Rs.1250/-Medical Allowances
Rs.5000/-Driver Salary
Rs. 1500/- Food allowances
Rs.4000/- or so for conveyance expenses
Telephone /mobile bills
Electricity /water bills
From India
Hello Seema,
Nice working !!!!!
One has to make small changes considering recent bonus implications upto Rs. 10000.00 as per recent notifications
Do you have any gradation and salary scales with designations etc. I will be happy if i get some inputs.
Thank you
Divyang
From India, Vadodara
Nice working !!!!!
One has to make small changes considering recent bonus implications upto Rs. 10000.00 as per recent notifications
Do you have any gradation and salary scales with designations etc. I will be happy if i get some inputs.
Thank you
Divyang
From India, Vadodara
Hi Shobhini, Here is the tax calculation Hope this will help you.... Regards, Seema
From India, Delhi
From India, Delhi
Hi ,
What Phanikanth say is correct add Graduit in Labilites and Proff Ded in Deduction and one more thing can be added in deduction is for Insurance and Canteen.
PF is from basic salary @ 12 % EPF is from the basic 6500 % that is it will be Rs.541/- only for Pension scheme.
Lavanya
From India, Chennai
What Phanikanth say is correct add Graduit in Labilites and Proff Ded in Deduction and one more thing can be added in deduction is for Insurance and Canteen.
PF is from basic salary @ 12 % EPF is from the basic 6500 % that is it will be Rs.541/- only for Pension scheme.
Lavanya
From India, Chennai
Hi Seema,
I have gone through the break up. I seems fine but wanted to know why you haven't added the reinburse amount, you could have actually added it in the CTC and then show it in the deductions.
More over wanted to know what is the percentage of employee and employer contribution towards ESIC you have taken.
Regards,
Babita Rajan
From India
I have gone through the break up. I seems fine but wanted to know why you haven't added the reinburse amount, you could have actually added it in the CTC and then show it in the deductions.
More over wanted to know what is the percentage of employee and employer contribution towards ESIC you have taken.
Regards,
Babita Rajan
From India
Hi Babita,
ESI is contributed from both the sides Employee as well as Employer.
It is been calculated on the basis of Gross salary per month and the maximum ceiling is 10000 Rs./Month.
The contribution from both the sides is as below-
Employee Side- 1.75% of gross/month
So if gross of an employee is 8000/month then
ESI contribution would be 8000*1.75% = 140 Rupees
Employer side- 4.75% of gross/month
ESI contribution would be 8000* 4.75% = 380 Rupees.
Regards,
Amit Seth.
From India, Ahmadabad
ESI is contributed from both the sides Employee as well as Employer.
It is been calculated on the basis of Gross salary per month and the maximum ceiling is 10000 Rs./Month.
The contribution from both the sides is as below-
Employee Side- 1.75% of gross/month
So if gross of an employee is 8000/month then
ESI contribution would be 8000*1.75% = 140 Rupees
Employer side- 4.75% of gross/month
ESI contribution would be 8000* 4.75% = 380 Rupees.
Regards,
Amit Seth.
From India, Ahmadabad
Dear Seema
insert a row for gratuity @4.88%, and, FBT rates are 6% on total reimbursement. (for the reimbursement heads you have selected) Company can even recover the FBT if its a big amount for the organisation, or may consider as pART OF ctc.
regards
Prasoon
From India, New Delhi
insert a row for gratuity @4.88%, and, FBT rates are 6% on total reimbursement. (for the reimbursement heads you have selected) Company can even recover the FBT if its a big amount for the organisation, or may consider as pART OF ctc.
regards
Prasoon
From India, New Delhi
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