Namrata.Trivedi Started The Discussion:
Hello Everyone,

I will be designing salary structures for the first time for a startup organization. I have just 2 days to finalise the same. Can you help me on how to design a salary structure. How do you decide on the CTC amount. In case the CTC amount is 4.25 lacs, then how do you calculate the Basic. Once you know the basic you can calculate the remaining amounts.

Please help. Urgent.
Posted 10th November 2009 From India, Mumbai
Dear Namrata,

Usually once the CTC amount is finalised, need to frame the salary particulars, which encompasses of ...

1. Basic 35% of CTC Taxable 12400
2. DA 05% of CTC Taxable 1770
3. HRA 40% of Basic +DA Non Taxable (NT) 5670
4. Conveyance Fixed NT 800
5. Medical allowance Fixed NT 1250
6. Lunch Allowance Fixed NT 1350
7. Special Pay Balance Taxable 8920

GROSS FIXED............................................. ...........................32110

PF 12% of BASIC + DA 1700
Gratuity 05% of BASIC + DA 710
Lunch Fixed (Compy contribution) 700
Insurance Fixed (Compy contribution) 200

GROSS BENEFITS .................................................. ...................3310

CTC .................................................. ....................................35417

The other factors will also come in to place like LTA, Site Alloances, Variable pay etc depending on the nature of the company and the work involved.

the amount for insurance varies from company to company.

I have divided your above mentioned CTC of Rs. 425000 by 12 months, it comes to around 35416.66, so lets round up to Rs. 35417.

Special allowances is an taxable amount and is mainly used to balance the CTC.

I hope this will help you to understand the basic concepts of salary structure.

With Regards,
Sunil Sundar
+91-9902580922
Bangalore
Posted 10th November 2009 From India, Bangalore
Hello: What is the general practice with employers contribution to PF? Is this amount included in the CTC? So basically CTC will include the 12% Employee contribution and 12% employer contribution?
Posted 11th November 2009 From India, Madras
Dear Namrata, I 've attached an excel sheet on CTC calculation for your reference. This file I downloaded it from CiteHR, hope it helps you. Regards, Jessie J
Posted 11th November 2009 From United Arab Emirates, Dubai
Attached Files
Shared By Cite.Community Member "Jessiejpr" For Public Download
File Type: xls Salary%20Structure(1).xls (34.0 KB, 19938 views)
Hi Namrata,

Basic 30%

HRA 50% of Basic

Personal Allowance/Special Allowance/City Compensatory allowance : difference of all

Food Coupons : 1300/2600

Business Reimbursement : as per designation

PLI: the % fixed as per designation

PF : Mandatory 12% of basic or 6500

LTA : As per level

Any thing more do let me know thanks
Posted 11th November 2009 From India, Mumbai
CTC425000Yearly Monthly BASIC 23263519386HOUSE RENT ALLOWANCE 12526510439TRANSPORTATION 9600800CHILDREN ALLOWANCE 00MEDICAL ALLOWANCE 150001250LEAVE TRAVEL ALLOWANCE 425003542OTHER REIMBURSEMENT 00Total 42500035417
Posted 12th November 2009 From India, New Delhi
Dear Sir,

my question is central government notification contractors "contract labour" gradation Technichian , supervisor, Skill , Semi Skill , UnSkill minimum wages act as per central government rulls.
Please notification document send to my id.
thanking you,
Yours faithfully.
bhaswar
Posted 12th November 2009 From India, Calcutta
hi members, can any one give me 8 lacks salary break up. please check the attached break up which i did and let me know if there is any thing wrong. waiting for you valuable advice. thank u, :)
Posted 12th November 2009 From India, Hyderabad
Attached Files
Shared By Cite.Community Member "srividyakarnati" For Public Download
File Type: xls break up fr 8lac.xls (14.5 KB, 5686 views)
Hello to ALL, please check the attached break up which i did and let me know if there is any thing wrong. waiting for you valuable advice. regds,
Posted 12th November 2009 From India, Hyderabad
Attached Files
Shared By Cite.Community Member "srividyakarnati" For Public Download
File Type: xls Final_pay_month_and_annual-1.xls (34.0 KB, 6085 views)
and also tha components of gratuity with explanation please.... along with the calculation of the same
Posted 12th November 2009 From India, Madras
Give the option to employees. You fix up the basic and the remaining portion as choice pay so that employee can opt as per his tax planning.
Posted 12th November 2009 From India, Lucknow
Hi Guys, As requested I am attaching 2 files, check whether it clarifies your queries or else specify exactly what you are looking for, as it will be easier for all of us. Regards, Jessie J
Posted 12th November 2009 From United Arab Emirates, Dubai
Attached Files
Shared By Cite.Community Member "Jessiejpr" For Public Download
File Type: xls Gross Salary(1).xls (11.5 KB, 1135 views)
File Type: xls prashant.xls (18.0 KB, 660 views)
if i get 13000 RS PER MONTH, THEN TELL ME HOW TO CALCULATE MY BASIC SALARY. PLZ REPLY ME .
Posted 24th November 2010 From India, Patna
Dear Sir/ Ma'am

I have given responsibilities of ESI,EPF challan & return & i don't have idea, how to fill & submit to department by on-line.
So kindly assist me along with some ATTACHMENT regarding this issue because i do have only few days in my hand.


Thanks & Regards

TARA SHUKLA
+91-9891342990
Posted 13th April 2013 From India, Delhi
Srividya in calculating ctc any soft furnish allowance hard furnishing allowance cost of transportation to be added b.l.madhavan
Posted 16th August 2013 From India, Chennai
IN CTC, whatever company contributes towards employee is also considered? As in PF and ESIC share of employer, Leave salary( leave that company gives to employee), bonus will also be considered in CTC?
Basic 20000
HRA 10000
Conv 2000
Medical Allo. 1000
Special Allo: 2200
Gross: 35200/month
Gross Yearly: 4,22,400
PF(employee): 1800
ESIC: NA
PT: 200
Net Pay: 33200
PF(employer): 1800
PF(employer) yearly: 21600
Bonus: 4000/year
Leave Salary: 7000/year
So CTC would be 4,33,400(PF of Employer not included)
or CTC would be 4,55,000(PF of Employer included)
Also should leave salary be taken as one of component of CTC?

Please clear. We need to structure our salary pattern.
Posted 8th October 2014 From India, Mumbai
Dear Sir,

my question is central government notification contractors "contract labor" gradation Technician , supervisor, Skill , Semi Skill , Unskilled minimum wages act as per central government rules.
Please notification document send to my id.
thanking you,
Yours faithfully.

Prabhu
Posted 9th October 2014 From India, Bangalore
Dear sir, i need current salary structure excel sheet 2014, salary structure sir
Posted 23rd December 2014 From India, Chennai
Hi All,
IF CTC is 4.25 lac as you said then salary break up would be as below.
Basic 40% on CTC- 4.25*40%=170000,
HRA 40% on basic -170000*40%=68000
Conveyance (standard) irrespective of designation =19200
Special Allowance =CTC-Basic-HRA-Conevyance (425000-170000-68000-19200)=167800
Note - For Higher cadre if you have reimbursements like Driver,Fuel,Medical, LTA can also be included if those if part of CTC

Regards
Sanjanaa
HR
Posted 21st September 2015 From India, Hyderabad



 
 
 
 







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