Format of CTC and Salary Slips

sumitsaxenagist · #1 15-03-2008, 10:51 AM

Hi,

Please find attached the format of the CTC sheet and salary slip. in case you need it.

Best Regards
Sumit

shijit · #2 15-03-2008, 11:27 AM

Good post. Really beneficial. Can you tell me what is the ideal proportion of each component. In other words what do think the general percentage of diviiding each component from the total salary.
Regards,
Shijit.

cgnanij · #3 15-03-2008, 11:29 AM

Thanks

sumitsaxenagist · #4 15-03-2008, 11:38 AM

Hi There,

The percentage:

Basic = 45% of CTC
HRA = 50% of Basic
PF = 12% of Basic
Ex-Gratia = 5% of CTC
Medical = Maximum 15000 per annum as per the guidelines from the IT department.
Conveance - Remainder Amount (we can make it non taxable by asking the employee to provide us bills and we can call it reimbursements instead of allowance.

Best Regards
Sumit

shijit · #5 15-03-2008, 11:46 AM

Thanks, sumit....
Would this proportion vary according to different industries. Or is it a general proportion applicable to all companies.

Shijit.

meeprakash · #6 15-03-2008, 11:50 AM

Thak you

sumitsaxenagist · #7 15-03-2008, 02:32 PM

Hi Shijit,

This is general. However some of them may vary according to the law of the land.

Sumit

shijit · #8 15-03-2008, 02:41 PM

thanks for that ifmormation sumitji,
keep in touch.
Regards,
Shijit

khursheed · #9 18-03-2008, 07:57 PM

Dear members,

I would like to know is it mandatory to mention all levels/grades ctc in the HR Manual.
khurshid shaikh

sumitsaxenagist · #10 18-03-2008, 08:19 PM

Hi There,

I dont thin its required. Infact CTCs are really confidential matters and should not form a part of any general document like an Hr manual or an employee handbook. Thiss should be communicated to the concerned employee only.

You can put the grades as per the levels in the manual.

Regards
Sumit