Dear All
With this i attached one smple CTC salary Xl.s
is this Right or is ther any wrongs can u people please help me
here is my personnel Mail Id
can u people please send me the currect CTC break up Sample pease
From India, Bangalore
5With this i attached one smple CTC salary Xl.s
is this Right or is ther any wrongs can u people please help me
here is my personnel Mail Id
can u people please send me the currect CTC break up Sample pease
From India, Bangalore
Dear Kiran,
Have made some changes and highlighted the same.
You have not considered LWF not sure if the same is applicable to you.
And ESIC formulas should always be roundup and not only round.
Hope it helps.
I have attached a salary break template in past see if you can fin it.
From India, Pune
Have made some changes and highlighted the same.
You have not considered LWF not sure if the same is applicable to you.
And ESIC formulas should always be roundup and not only round.
Hope it helps.
I have attached a salary break template in past see if you can fin it.
From India, Pune
Dear Sir Which is u given me the format is called the CTC or is there any other formats or there and could you provide me the CTC break up in any please thanks
From India, Bangalore
From India, Bangalore
Dear Dear,
Coming to the Minimum wages act it contains three slabs where the employees are divided into:
1) Skilled
2) Semi-Skilled
3) Un-Skilled
Even the Minimum wages act veries from state to state & also type of the industry/company that are registered under Shops & establishments. u can directly get those details from net.
While discussing about the Basic pay, the ultimate desicion is taken by the Company with out crossing the minimum wages act.
The structure of the salary can be like this (example)
Basic salary : Rs X/- (kindly consider ever Rs X/- as basic salary)
HRA : Rs X/- * 40% (based upon the company discretion)
Proffesion development allowance : Rs X/- * 20%
Local Conveyance allowance : Rs X/- * 10%
Medical allowance : Rs X/- * 10%
Leave travel allowance : Rs. X/- * 10%
Employee PF Contribution : Rs X/- * 12%
Company CTC : Rs X/- * 202% { Performance pay or bonus or variable pay : Rs X/- 100% (this is optional based upon the industry) }
Deductions:
Employee PF Contribution : Rs X/- * 12%
Employer PF Contribution : Rs X/- * 12%
ESI (optional based on manpower or availability of ESI dispensary) : Rs X/- *4.75%
Gratuity (optional) : Rs. X/- * 5%
From India, Hyderabad
Coming to the Minimum wages act it contains three slabs where the employees are divided into:
1) Skilled
2) Semi-Skilled
3) Un-Skilled
Even the Minimum wages act veries from state to state & also type of the industry/company that are registered under Shops & establishments. u can directly get those details from net.
While discussing about the Basic pay, the ultimate desicion is taken by the Company with out crossing the minimum wages act.
The structure of the salary can be like this (example)
Basic salary : Rs X/- (kindly consider ever Rs X/- as basic salary)
HRA : Rs X/- * 40% (based upon the company discretion)
Proffesion development allowance : Rs X/- * 20%
Local Conveyance allowance : Rs X/- * 10%
Medical allowance : Rs X/- * 10%
Leave travel allowance : Rs. X/- * 10%
Employee PF Contribution : Rs X/- * 12%
Company CTC : Rs X/- * 202% { Performance pay or bonus or variable pay : Rs X/- 100% (this is optional based upon the industry) }
Deductions:
Employee PF Contribution : Rs X/- * 12%
Employer PF Contribution : Rs X/- * 12%
ESI (optional based on manpower or availability of ESI dispensary) : Rs X/- *4.75%
Gratuity (optional) : Rs. X/- * 5%
From India, Hyderabad
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Performance Review Form - KDCL for year 2010.xls