Hi, Ours is a start up company and Am new to this HR Department , could any one help me with the pay components and how the CTC would be calculated and how the Payroll would be run exactly.
From India, Hyderabad
From India, Hyderabad
Hi Pavitra,
Basically there are two types of calculation Forward and backward. It depends on the company which method to follow. with respect to pay component again it has to be decided in accordance with Labor Law, Tax Structure, Type of Industry and what is long term plan.
Most of the companies follows grade and band model to decide on the component. We can further have discussion with this regard.
you can contact me on
.
Regards,
Niraj Sharma
From India, Bangalore
14Basically there are two types of calculation Forward and backward. It depends on the company which method to follow. with respect to pay component again it has to be decided in accordance with Labor Law, Tax Structure, Type of Industry and what is long term plan.
Most of the companies follows grade and band model to decide on the component. We can further have discussion with this regard.
you can contact me on
Regards,
Niraj Sharma
From India, Bangalore
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.
Latest gujarat 6 pay modified.xls
VARIABLE PAY.doc