Dear All, I am working in construction company as HR Executive and we don’t have salary bifurcation over here so would like to implement the same kindly guide. Thanks & Regards Gayatri
From India, Pune
4From India, Pune
Dear Gayatri,
You may bifurcate the salary as under :
Suppose Gross Salary is RS.20,000/- per month
Basic (40-50 %) = 10000/- the basic should not be less than the minimum wages as applicable
HRA (40% of Basic) = 4000/-
Conveyance Allowance = 800/-
Education Allowance = 200/-
Special Allowance = 5000/-
Total = 20,000/-
By adding the followng the same shall become CTC :
Employer share of PF
Employer share of ESI ( in the cited exp ESI is not applicable)
Bonus
Gratuity
or any other reimbursements
With Best Regards
From India, New Delhi
You may bifurcate the salary as under :
Suppose Gross Salary is RS.20,000/- per month
Basic (40-50 %) = 10000/- the basic should not be less than the minimum wages as applicable
HRA (40% of Basic) = 4000/-
Conveyance Allowance = 800/-
Education Allowance = 200/-
Special Allowance = 5000/-
Total = 20,000/-
By adding the followng the same shall become CTC :
Employer share of PF
Employer share of ESI ( in the cited exp ESI is not applicable)
Bonus
Gratuity
or any other reimbursements
With Best Regards
From India, New Delhi
Dear Gayatri,
Salary structure is necessary for the following reason.
1. It will give you good feeling
2. Income tax purpose
3. Statutory calculation purpose.
Presently I am also working in real estate and introduced salary structure and salary grade in my company. If you required any help do call me
Regards
praveen
09204959753
From India, Bangalore
Salary structure is necessary for the following reason.
1. It will give you good feeling
2. Income tax purpose
3. Statutory calculation purpose.
Presently I am also working in real estate and introduced salary structure and salary grade in my company. If you required any help do call me
Regards
praveen
09204959753
From India, Bangalore
Hi Its very imop as main component of salary is basic salary Pf, Esi and other Statutory compliances are calculated on the Basic salary only Regards Nisha Malhotra
From India, New Delhi
From India, New Delhi
Hi Gayatri, This is Anurag Saxena from NA Human Resource Solution Pvt. Ltd. Are you looking out for consultant’s intervention? If yes, then do call us at 9953934057. Regards, Anurag
From India, New Delhi
From India, New Delhi
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Salary working format.xls