Respected Seniors,
i have gone through many posts regarding percentage of basic salary in ctc.Some said it is between 20 to 40% some said 45% and somewhere i seen 51.63 %.Is there are fixed percentage exist or just it depend upon company policies.I am bit confused.
Sandeep Singh Bhati
HR Executive
7737901700
From India, Delhi
1i have gone through many posts regarding percentage of basic salary in ctc.Some said it is between 20 to 40% some said 45% and somewhere i seen 51.63 %.Is there are fixed percentage exist or just it depend upon company policies.I am bit confused.
Sandeep Singh Bhati
HR Executive
7737901700
From India, Delhi
There should be no confusion about the basic component of a CTC. The Basic component is not governed by any regulation except that it should not be lower than the Minimum wages declared by the government.
I've have had organizations give 80% basic and some even 30%. It all depends on the company policy and the salary structure that they follow.
Cheers
From India, Delhi
I've have had organizations give 80% basic and some even 30%. It all depends on the company policy and the salary structure that they follow.
Cheers
From India, Delhi
Respected Seniors,
Actually i am totally fresher in HR . i want to know How PF, ESI , gross salary are calculated .plz guide me with some example formats. plz give me information about Professional Tax.what is City compensatory all .
Regards,
sujata
From India, Bhubaneswar
Actually i am totally fresher in HR . i want to know How PF, ESI , gross salary are calculated .plz guide me with some example formats. plz give me information about Professional Tax.what is City compensatory all .
Regards,
sujata
From India, Bhubaneswar
Dear All,
Can any one tell how to get feedback (Interview) from Top Management .
i have send mails ..but no reply . even he is not responding in Skype and Google talk.
can you suggest how to get feedback from Top Management .
Regards.,
Jags.
From India, Visakhapatnam
Can any one tell how to get feedback (Interview) from Top Management .
i have send mails ..but no reply . even he is not responding in Skype and Google talk.
can you suggest how to get feedback from Top Management .
Regards.,
Jags.
From India, Visakhapatnam
@ Jags
Why are you seeking an interview with the Top management? what is the purpose... What email have you sent to them ? If you can tell us then maybe, just maybe we could be of some help to you. But here is my opinion on this generic question...
Should you try to contact your top management for feedback? Are you confusing feedback with complaints? In your attempt to be heard are you becoming an irritant? Think, analyze and then react....
Cheers!!!
From India, Delhi
Why are you seeking an interview with the Top management? what is the purpose... What email have you sent to them ? If you can tell us then maybe, just maybe we could be of some help to you. But here is my opinion on this generic question...
Should you try to contact your top management for feedback? Are you confusing feedback with complaints? In your attempt to be heard are you becoming an irritant? Think, analyze and then react....
Cheers!!!
From India, Delhi
Hi sujatha,
PF is 12% from employee side and 12% from employer side.. From that 12% from the employee contribution 3.67% is goes to his EPF and 8.67% goes to his EPS account.
PF 12% is calculated in his/her basic salary and basic salary is calculated in his/her gross salary. Basic salary Percentage is depends upon the company policy.
ESI total 6.50%.. though the employee contributed 1.75% and the employer contribute 4.75% and the ESI is calculated in his/her Gross salary.
Thanks & Regards,
Valan
From India, Madras
PF is 12% from employee side and 12% from employer side.. From that 12% from the employee contribution 3.67% is goes to his EPF and 8.67% goes to his EPS account.
PF 12% is calculated in his/her basic salary and basic salary is calculated in his/her gross salary. Basic salary Percentage is depends upon the company policy.
ESI total 6.50%.. though the employee contributed 1.75% and the employer contribute 4.75% and the ESI is calculated in his/her Gross salary.
Thanks & Regards,
Valan
From India, Madras
Hi sujatha,
PF is 12% from employee side and 12% from employer side.. From that 12% from the employee contribution 3.67% is goes to his EPF and 8.67% goes to his EPS account.
PF 12% is calculated in his/her basic salary and basic salary is calculated in his/her gross salary. Basic salary Percentage is depends upon the company policy.
ESI total 6.50%.. though the employee contributed 1.75% and the employer contribute 4.75% and the ESI is calculated in his/her Gross salary.
Thanks & Regards,
Valan
Edit/Delete Message
From India, Madras
PF is 12% from employee side and 12% from employer side.. From that 12% from the employee contribution 3.67% is goes to his EPF and 8.67% goes to his EPS account.
PF 12% is calculated in his/her basic salary and basic salary is calculated in his/her gross salary. Basic salary Percentage is depends upon the company policy.
ESI total 6.50%.. though the employee contributed 1.75% and the employer contribute 4.75% and the ESI is calculated in his/her Gross salary.
Thanks & Regards,
Valan
Edit/Delete Message
From India, Madras
Dear sir, Is it any particular rules for basic fixation or it is depends on the company policy...?
From India, Bangalore
From India, Bangalore
Dear Sandeep,
The ideal is 40% Basic & 60% Allowances. Employer keep basic at minimum for various purpose viz., indirect benefits ( PF, ESIC ) Bonus, Gratuity & increment.
It is always advisable as more % of allowance if properly named can give Income Tax benefits.
Regards,
Rahul Bagale
From Korea
The ideal is 40% Basic & 60% Allowances. Employer keep basic at minimum for various purpose viz., indirect benefits ( PF, ESIC ) Bonus, Gratuity & increment.
It is always advisable as more % of allowance if properly named can give Income Tax benefits.
Regards,
Rahul Bagale
From Korea
Dear Sandeep,
Generally if you have a PF component which is 12% of Basic salary then it is ideal to have 40% of CTC as Basic whereas if the company is not enrolled for PF deduction for employees then you can consider keeping a higher basic but not more than 50% of the CTC keeping legal and compliance angle in mind.
Best Regards,
Bhushan
From India, Mumbai
Generally if you have a PF component which is 12% of Basic salary then it is ideal to have 40% of CTC as Basic whereas if the company is not enrolled for PF deduction for employees then you can consider keeping a higher basic but not more than 50% of the CTC keeping legal and compliance angle in mind.
Best Regards,
Bhushan
From India, Mumbai
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