Hi, I am Abhishek and I don’t have any HR Experience. I want a good pay structure for employees . can any body provide me a good pay structure. or Pay slip.
From India, Delhi
From India, Delhi
calculation of the CTC is as below
(1)Basic : 35-40% of gross salary, HRA - 40%(metro ) -30%(non metro) of Basic
Conveyance : Rs .800 (Fixed) -Tax limits
Medical :Rs. 1250 (Fixed) - Tax limits
Special allowance - Balancing amount
Total of (1) forms - Gross Fixed
(2) Gross benefits like - PF - 12% of Basic + DA
Gratuity : 5% of basic + DA
LTA
Insurance
Lunch
Total of (2) forms - Gross Benefits
Sum total of (1) & (2) forms CTC
I think it should be enough? this only layout, you can take your own design also...but that should be economical to both employer and employee..
From India, Tiruchchirappalli
1(1)Basic : 35-40% of gross salary, HRA - 40%(metro ) -30%(non metro) of Basic
Conveyance : Rs .800 (Fixed) -Tax limits
Medical :Rs. 1250 (Fixed) - Tax limits
Special allowance - Balancing amount
Total of (1) forms - Gross Fixed
(2) Gross benefits like - PF - 12% of Basic + DA
Gratuity : 5% of basic + DA
LTA
Insurance
Lunch
Total of (2) forms - Gross Benefits
Sum total of (1) & (2) forms CTC
I think it should be enough? this only layout, you can take your own design also...but that should be economical to both employer and employee..
From India, Tiruchchirappalli
I want a good pay structure for us. My company is giving salary with 20 % bonus and 12 % pf either Rs 780 whichever is less, esic below salary 15000. please give best structure for us with IT Benefit. Please note that my company calculated 20 % bonus on salary. Their are no any allowance added in salary. Salary structure is not effected on loss of our bonus.
From India, Vadodara
From India, Vadodara
Please find pay structure:
Gross Salary-11000
Basic- 40% - 4400
HRA- 30% - 3300
SA-15% - 1650
MA-15% - 1650
LTA-917
Other adjustments / Bonus-
Total- 11917
Less Deductions:
TDS -
PF - 843 or 12 % of basic salary which ever is higher
ESIC -
Leave without pay - 0000
other deductions- 0000
Total Salary in Hand - 11074
I hope it will help you.
From India, Delhi
Gross Salary-11000
Basic- 40% - 4400
HRA- 30% - 3300
SA-15% - 1650
MA-15% - 1650
LTA-917
Other adjustments / Bonus-
Total- 11917
Less Deductions:
TDS -
PF - 843 or 12 % of basic salary which ever is higher
ESIC -
Leave without pay - 0000
other deductions- 0000
Total Salary in Hand - 11074
I hope it will help you.
From India, Delhi
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Designing pay Structure, Levels, and Mix.ppt
Pay structure.xls