jigskd Started The Discussion:
I am new HR professional joined a company. so pls. tell me how to prepare salary structure / offer letter..
Posted 18th August 2010 From India, Pune
Hi jigskd,

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.

Apeksha.
HR Professional.
Posted 19th August 2010 From India, Mumbai
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File Type: xls Salary Calculation Sheet.xls (21.5 KB, 13138 views)
hi friend i m sending you a cv formate,it may helpful to you... plz find attachment.
Posted 19th August 2010 From India, Mumbai
Attached FilesProvided by community member mayurijetwal. Register to join your network of peers.
File Type: doc Format-HR.doc (53.0 KB, 5838 views)
aksjn 
Hi,

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.

Aks
Posted 20th August 2010 From India, Hyderabad
Thanks. Very Useful. I assume there is no standard allowance structure followed by organisations.
Posted 5th August 2011 From India, Hyderabad



 
 
 
 







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