Difference in Salaray break-up post Appraisal
I want to understand that if A person has been given a hike of 15% in performance appraisal, How does it affect the Salary break-up??
Does the Basic Salary get changed or is it adjusted in some other heads ie Allowances??
For An Example a Man has a CTC of 4,25,055
Units-Monthly/Annual
Monthly Basic= 16240/194880
Allowances:HRA/Lease, Conveyance, Medical, LTA , Others= 10710/128530
Co. P.F. Contribution= 1948/23376
Gratuity= 0/9369
Meal Coupons= 1100/13200
Total= 29998/369355
Variable Pay** 4475/53700
Health Insurance Scheme 0/2000
Gross Total (CTC) 34473/425055
He has been given a 15% Hike, So What should be the break-Up NOW???
From India, Lucknow
I want to understand that if A person has been given a hike of 15% in performance appraisal, How does it affect the Salary break-up??
Does the Basic Salary get changed or is it adjusted in some other heads ie Allowances??
For An Example a Man has a CTC of 4,25,055
Units-Monthly/Annual
Monthly Basic= 16240/194880
Allowances:HRA/Lease, Conveyance, Medical, LTA , Others= 10710/128530
Co. P.F. Contribution= 1948/23376
Gratuity= 0/9369
Meal Coupons= 1100/13200
Total= 29998/369355
Variable Pay** 4475/53700
Health Insurance Scheme 0/2000
Gross Total (CTC) 34473/425055
He has been given a 15% Hike, So What should be the break-Up NOW???
From India, Lucknow
Hi Medical allowance will be fixed for max of 1250 & conveyance of Rs. 800. So remaining you shall adjust on the other components like Basic, HRA & other allowances
From India, Bangalore
633From India, Bangalore
Thanxxx Jeevarathnam, but is there any calculation of increasing the basic?? I have heard that generally Basic is not touched??
From India, Lucknow
From India, Lucknow
Y not. You shall increase the basic if gross is increasing. There is no any standard calculation for basic but should make sure as it should not be less than Minimum wages act.
generally everybody use to manage basic as 50 - 60% on the gross pay.
From India, Bangalore
generally everybody use to manage basic as 50 - 60% on the gross pay.
From India, Bangalore
Thanxxx Jeevarathnam, Thanxxx for the Help... would you mind if call you in case I need any guidance from you??
From India, Lucknow
From India, Lucknow
u shall call me any time. But If I am busy then I might not be answer to ur call. It i advisable to call after 6.00
From India, Bangalore
From India, Bangalore
HI please i want to know if the person has 60,000 salary/ month then what could be the salary break up/salary structure regards anila.hr
From India, Visakhapatnam
From India, Visakhapatnam
Dear Perry,
If anybody X% got increament on his salary it means it should be given on his/her gross salary. but will not effected on his medical reimburment (rs. 1250) and coneveynece (800) becoz those are fixed but the remaining things will be effected like Basic , HRA, Speacial Allowance, if the peron getting more than 15000/- pm u may have chances to this changes by showing this increased amout as food coupns. but keep in mind the PF, PT, TDS and ESIC will affected.
For further, information do let me know.
Regards,
Ashok
M: 9603366120.
From India, Hyderabad
If anybody X% got increament on his salary it means it should be given on his/her gross salary. but will not effected on his medical reimburment (rs. 1250) and coneveynece (800) becoz those are fixed but the remaining things will be effected like Basic , HRA, Speacial Allowance, if the peron getting more than 15000/- pm u may have chances to this changes by showing this increased amout as food coupns. but keep in mind the PF, PT, TDS and ESIC will affected.
For further, information do let me know.
Regards,
Ashok
M: 9603366120.
From India, Hyderabad
its great pleasure for the kind response from your end
generally my question is how you have a pay slip structure the sal will be 60000/month so how we can break up the salary could you explain it what are the components you may use in your organization better
thank you
goodevening
anila.hr
From India, Visakhapatnam
generally my question is how you have a pay slip structure the sal will be 60000/month so how we can break up the salary could you explain it what are the components you may use in your organization better
thank you
goodevening
anila.hr
From India, Visakhapatnam
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Break.zip
Salary Break Up.xlsx
People make the difference….ppt