Dear All,
I need to create a compensation structure comprising the below revisions. 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: 30 LPA
Thank you.
From India, Noida
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I need to create a compensation structure comprising the below revisions. 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: 30 LPA
Thank you.
From India, Noida
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Dear Member,
Please find attached the sheets showing CTC of 15 L and 30 L. The PF is frozen in both sheets. Annual LTA is considered equal to one month's Basic. Other important factors are mentioned specifically (as applicable).
Hope this will meet your requirements; otherwise, you can make necessary changes.
From India, Delhi
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238Please find attached the sheets showing CTC of 15 L and 30 L. The PF is frozen in both sheets. Annual LTA is considered equal to one month's Basic. Other important factors are mentioned specifically (as applicable).
Hope this will meet your requirements; otherwise, you can make necessary changes.
From India, Delhi
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Kindly give me the break up for 14lakh CTC. It is very urgent. Please help me.
From India, Bengaluru
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From India, Bengaluru
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Kinkdy send the ecxel sheet of 14lak CTC and do the needful.
From India, Bengaluru
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From India, Bengaluru
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Dear All,
I need to create a compensation breakup 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 allowances with applicable limits (i.e., from which CTC we can use these components and what will be the maximum limit we can place).
From India, Kolkata
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I need to create a compensation breakup 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 allowances with applicable limits (i.e., from which CTC we can use these components and what will be the maximum limit we can place).
From India, Kolkata
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Dear Sabnam,
Professional Tax is not part of CTC. It is paid by the employee, not spent by the employer for the employee.
Until Labour codes are implemented, your approach is okay. After the 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 skb@usdhrs.in USD HR Solutions – To strive towards excellence with effort and integrity
From India, New Delhi
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Professional Tax is not part of CTC. It is paid by the employee, not spent by the employer for the employee.
Until Labour codes are implemented, your approach is okay. After the 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 skb@usdhrs.in USD HR Solutions – To strive towards excellence with effort and integrity
From India, New Delhi
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Compensation Structure.ppt
MODEL STRUCTURE OF COMPENSATION.do c