jigskd Started The Discussion:
I am new HR professional joined a company. so pls. tell me how to prepare salary structure / offer letter..
Salary Structure normally varies from City to city and company to company. But in general terms below are few instructions to follow while preparing Salary Structure :
Basic = ( 40% of Monthly gross figure arrived from : Total CTC - Annual Perfomance bonus / incentive ( if any )-Noncash Item )
HRA = 40% of Basic + DA ( if Applicable ) for Non-Metro Cities & 50% of Basic + DA for Metro Cities.
Attire = 300 p.m
Conveyance = 800p.m
child Education Allowance = 200p.m
Medical = 1250p.m
Special Allowance = Remaining amount of Total monthly gross
Addition : Monthly non cash value
Addition : Annual pay -outs
Total Monthly gross + Non cash + Annual pay-out gives u Total CTC back.
Kindly revert if u still have any query.
See for a typical salary structure we have..
basic (40 -60%)
HRA(40 % for non metro and 50 % for metro cities)
Conveyance - 800 (fixed)
Medical Reimbursement - 1250 (fixed)
LTA - one month basic
Special allowance - Gross - (basic + HRA+ conv. Medical All.+LTA)
Gross+ Employer contribution towards PF, ESI and Gratuity = CTC.
Hope this will help you.
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