Hi,
What is the Compensation Structure Break Up or CTC break up if anyone is getting 10 lakhs and above as per new rules? What will be the max & min % of basic on Gross and what % HRA on basic will give in salary break up.
I am looking forward to your help.
From India, Kolkata
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1What is the Compensation Structure Break Up or CTC break up if anyone is getting 10 lakhs and above as per new rules? What will be the max & min % of basic on Gross and what % HRA on basic will give in salary break up.
I am looking forward to your help.
From India, Kolkata
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Dear Colleague,
The Basic + DA + Retaining Allowance has to be computed for 50% of total CTC as per the proposed Code on Wages. The remaining 50% of the CTC may be HRA, Conveyance, Attire Allowance, Special Allowance, and other such allowances as per your Compensation Policy. This is the broad guideline on which you need to work. The PF, ESI, Gratuity, Leave Wages will all be worked out later once the Code is implemented based on the first 50% mentioned. Hence, your cost budgeting needs to be done suitably. You can wait until the Code is implemented. More clarity will come in the coming days, and you need not hurry in this area as the Government is yet to implement the new Code.
From India, Chennai
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The Basic + DA + Retaining Allowance has to be computed for 50% of total CTC as per the proposed Code on Wages. The remaining 50% of the CTC may be HRA, Conveyance, Attire Allowance, Special Allowance, and other such allowances as per your Compensation Policy. This is the broad guideline on which you need to work. The PF, ESI, Gratuity, Leave Wages will all be worked out later once the Code is implemented based on the first 50% mentioned. Hence, your cost budgeting needs to be done suitably. You can wait until the Code is implemented. More clarity will come in the coming days, and you need not hurry in this area as the Government is yet to implement the new Code.
From India, Chennai
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Compensation Structure.ppt
MODEL STRUCTURE OF COMPENSATION.do c