Dear All, I need to create a compensation structure comprising the below revision. Can anyone help me out with the compensation structure template in which I can figure out the breakup post updating the CTC as all the below components will be part of CTC.
Basic - 50% of CTC
HRA
Employee PF - 12% on 15000
Employer PF- 12% on 15000
Medical Insurance
Flexi Basket to include - Meal Coupon, Fuel, Mobile & Broadband, LTA, Uniform Allowance
Professional Tax
LWF
Fixed CTC
PLI - 10% of Total CTC
Total CTC
Total CTC 1 - 15 LPA
Total CTC 2 - 30LPA
From India, Noida
Basic - 50% of CTC
HRA
Employee PF - 12% on 15000
Employer PF- 12% on 15000
Medical Insurance
Flexi Basket to include - Meal Coupon, Fuel, Mobile & Broadband, LTA, Uniform Allowance
Professional Tax
LWF
Fixed CTC
PLI - 10% of Total CTC
Total CTC
Total CTC 1 - 15 LPA
Total CTC 2 - 30LPA
From India, Noida
Dear Member,
Pls find attached the sheets showing CTC of 15 L and 30 L.
The PF is freezed in both sheets.
Annual LTA considered equal of one month Basic.
Other important factors mentioned specifically (as applicable).
Hope this will meet your requirement, otherwise you can make necessary changes.
From India, Delhi
225Pls find attached the sheets showing CTC of 15 L and 30 L.
The PF is freezed in both sheets.
Annual LTA considered equal of one month Basic.
Other important factors mentioned specifically (as applicable).
Hope this will meet your requirement, otherwise you can make necessary changes.
From India, Delhi
Kindly give me the break up for 14lakh CTC. It is very urgent. Please help me.
From India, Bengaluru
From India, Bengaluru
Dear All,
I need to create a compensation break up structure for the financial year 2022-2023.
Can anyone help me out with the compensation structure template in which I can figure out the breakup components as part of CTC.
Basic - 50% of CTC
HRA
Employer PF- 12% on 15000
Professional Tax
LTA
If we include the Flexi Basket like Driver Salary, Fuel, Car Maintenance, Mobile, Uniform Allowance , Other allowance with applicable limit ( ie: from which CTC we can use these components and what will be the maximum limit we can place)
From India, Kolkata
I need to create a compensation break up structure for the financial year 2022-2023.
Can anyone help me out with the compensation structure template in which I can figure out the breakup components as part of CTC.
Basic - 50% of CTC
HRA
Employer PF- 12% on 15000
Professional Tax
LTA
If we include the Flexi Basket like Driver Salary, Fuel, Car Maintenance, Mobile, Uniform Allowance , Other allowance with applicable limit ( ie: from which CTC we can use these components and what will be the maximum limit we can place)
From India, Kolkata
Dear Sabnam,
Professional Tax is not the part of CTC. It is paid by the employee not spend by the employer for employee.
Until Labour codes are implemented, your approach is ok. After implementation of Labour codes , it may be required to revisit the entire remuneration structure.
Thanks & regards,
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
Professional Tax is not the part of CTC. It is paid by the employee not spend by the employer for employee.
Until Labour codes are implemented, your approach is ok. After implementation of Labour codes , it may be required to revisit the entire remuneration structure.
Thanks & regards,
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Compensation Structure.ppt
MODEL STRUCTURE OF COMPENSATION.do c