From "Namrata.Trivedi" : 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.
10th November 2009 From India, Mumbai

sdas_80 12
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
10th November 2009 From India, Bangalore
Jessiejpr 14
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
11th November 2009 From United Arab Emirates, Dubai
Attached Files
File Type: xls Salary%20Structure(1).xls (34.0 KB, 21301 views)
Pramod Singh 5
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
11th November 2009 From India, Mumbai
mukeshjoshi82
CTC425000Yearly Monthly BASIC 23263519386HOUSE RENT ALLOWANCE 12526510439TRANSPORTATION 9600800CHILDREN ALLOWANCE 00MEDICAL ALLOWANCE 150001250LEAVE TRAVEL ALLOWANCE 425003542OTHER REIMBURSEMENT 00Total 42500035417
12th November 2009 From India, New Delhi
bhaswar
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
12th November 2009 From India, Calcutta
srividyakarnati 2
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, :)
12th November 2009 From India, Hyderabad
Attached Files
File Type: xls break up fr 8lac.xls (14.5 KB, 6156 views)
srividyakarnati 2
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,
12th November 2009 From India, Hyderabad
Attached Files
File Type: xls Final_pay_month_and_annual-1.xls (34.0 KB, 6607 views)
hemalatha balajee
and also tha components of gratuity with explanation please.... along with the calculation of the same
12th November 2009 From India, Madras
pon1965 569
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.
12th November 2009 From India, Lucknow
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