Sumitsaxenagist
Human Resources
Vaishaali
Service
Rakesh Dave
Hr;admin;personnel
Gopal.krishna
Income Tax
+3 Others

Thread Started by #sumitsaxenagist

Hi Guys, Just for your reference, attached is a sample breakup of salary structures. You can modify it as per your company policies. Thanks
13th October 2008 From India, Faridabad

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File Type: xls Sample Salary - 10Lac.xls (36.5 KB, 12349 views)

I am attaching Salary format.
L1 L2 L3 For Employee For Company Basic 35% of CTC 40% of CTC 50% of CTC Taxable Non FBT HRA 65% of Basic 65% of Basic 65% of Basic Taxeble /Non Taxeble Non FBT Medical 1250 1250 1250 Non Taxeble Non FBT transport Allowance 800 800 800 Non Taxeble Non FBT Uniform Reimbursement 2000 1500 1000 Non Taxeble Non FBT Education Allowance 200 200 200 Non Taxeble Non FBT Petrol & Vehicle Maintenance 5000 3000 Nil Non Taxeble FBT 7% Lap Top Rent 1500 1500 1500 Non Taxeble Non FBT Mobile 1200 800 600 Non Taxeble FBT 7% Leave Encashment 4.16% of Basic 4.16% of Basic 4.16% of Basic Taxeble Special Allowance Rest Of the Amount Rest Of the Amount Rest Of the Amount Taxeble Gross Bonus 8.33% of Basic 8.33% of Basic 8.33% of Basic Taxeble ESIC Employer Contribution 4.75% of Gross 4.75% of Gross 4.75% of Gross P.F Employer Contribution 13.5% of Basic 13.5% of Basic 13.5% of Basic Non Taxeble Gratuity 4.16% of Basic 4.16% of Basic 4.16% of Basic Non Taxeble CTC Example:-
16th October 2008 From India, Mumbai
L1 L2 L3 For Employee For Company Basic 35% of CTC 40% of CTC 50% of CTC Taxable Non FBT HRA 65% of Basic 65% of Basic 65% of Basic Taxeble /Non Taxeble Non FBT Medical 1250 1250 1250 Non Taxeble Non FBT transport Allowance 800 800 800 Non Taxeble Non FBT Uniform Reimbursement 2000 1500 1000 Non Taxeble Non FBT Education Allowance 200 200 200 Non Taxeble Non FBT Petrol & Vehicle Maintenance 5000 3000 Nil Non Taxeble FBT 7% Lap Top Rent 1500 1500 1500 Non Taxeble Non FBT Mobile 1200 800 600 Non Taxeble FBT 7% Leave Encashment 4.16% of Basic 4.16% of Basic 4.16% of Basic Taxeble Special Allowance Rest Of the Amount Rest Of the Amount Rest Of the Amount Taxeble Gross Bonus 8.33% of Basic 8.33% of Basic 8.33% of Basic Taxeble ESIC Employer Contribution 4.75% of Gross 4.75% of Gross 4.75% of Gross P.F Employer Contribution 13.5% of Basic 13.5% of Basic 13.5% of Basic Non Taxeble Gratuity 4.16% of Basic 4.16% of Basic 4.16% of Basic Non Taxeble CTC Example:-




Basic 17,500 10,000 6,550

HRA 11,375 6,500 1,000

Medical 1,250 1250 0

transport Allowance 800 800 800

Uniform Reimbursement 2,000 1500 0

Education Allowance 200 200 0

Petrol & Vehicle Maintenance 5,000 3000 0

Lap Top Rent 1,500 1500 0

Mobile 1,200 800 0

Leave Encashment 728 416 272

Special Allowance 3,727 -3,681 773

Gross 45,280 22,285 9,396

Bonus 1,458 833 546

ESIC

P.F 2,100 1,200 786

Gratuity 728 416 272

FBT 7% 434 266 0

CTC 50000 25,000 11000
16th October 2008 From India, Mumbai
Dear Senior,
Presently working in Oil and Gas Industry seeking detail informations on following-
  • Who (which grade of employees) are elligible for Overtime payment.
  • Who (which grade of employees) are elligible for Incentives.
As per my knowledge employees who are elligible for Incentives are not elligible for OT Pay and vice versa.
  • Please provide me the OT Payment structure as per the statutory norms and general practice in industry.
  • Incentive plan calculation and general practice in industry.
Thanking you.
22nd January 2009 From Netherlands
Dear Vaishali
Any one below managirial level are eligile for OT again it depends on the compnay policies and major compnaies give OT UPto clerical staff.
For incentive it depends on the company policy and moreover incentive are given to every one it will be performance based.
As i am from consulting industry
reach me
regards
Gopal
22nd January 2009 From India, Madras
Hi
Can i get the information on if some person goes onsite to any other country for 6 months and other 6 months if he works in INDIA then what would be the IT effect in exemption and ETC.
Regards
Gopal
29th January 2009 From India, Madras
Myself Jaishree Nair , working as an HR Manager in a Mall , I have work exp of 13 years in HR , I have done PG in HR & IR 12 years back and I believe that since then there has been a tremendous change in the HRM field , so I want to refresh my skills in HR field , pls suggest which are the suitable courses / institutes for doing correspondence courses in HRM.
Thanks.
Jaishree
17th March 2010 From India, Jabalpur
Respected All, Kindly advice salary structure for associates level for the purpose of increase in hand salary part. Regards
20th February 2013 From India, Dehra Dun
Can i get salary structure format...which is currently used in company
15th June 2017 From India, Ambala
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