Salary Breakup - Docx Download - CiteHR
Ashoknegidi
Training Operations - Csr
Gkrishgjk
Gjk (ngo) Hr Manager
Ruchika285
Working
+1 Other

Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Hi All,
I am working with a Parma company. They are not having any standardized salary break up system. But now I am facing the problem when new joinees (Sr. Level persons) asking for the salary break up.
Can anyone tell me how to standardize this? What are the basic components of salary and in which manner this could be done so that company and employees get satisfied?
Thanks in advance and wishing to get help from seniors...
Regards
Ruchika Sharma

For eg CTC- 480000 lap, which is 40000/mnth
[Components of salary
1) Basic is calculated as btw 30% to 60% as per company or designation in which standard is 35% to 40% of CTC
2) HRA is calculated on basic salary as per rural-20% of basic, Non metro-30%-40% of basic and metro- 50% of basic.
3) MA- lumpsum
4) TA - lumpsum
5) SA - Adjustable amount.(Gross salary-(basic+HRA+MA+TA)
Gross salary- CTC-(PF of employer/ and annual benefit like LTA, MEDICLAIM, etc)
Now break-up per month which is for 40000

Breakup of 480000lpa which is 40000 pm

Attached Files
Membership is required for download. Create An Account First
File Type: docx Components of Salary.docx (13.7 KB, 6749 views)

Hi Ruchuika, Can i have your senior levels salary perk details so that will send you one excel format?
The Madras High Court in the case of Reynolds Pens India Pvt Ltd and other petitioners (‘Petitioners’) vs Regional Provident Fund Commissioner (‘RPFC’) has held that certain allowances such as Conveyance, Educational Allowances, Food concession, Medical, Special Holidays, Night Shift Incentive, City Compensatory Allowances etc. should be treated as part of Basic wages under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (‘EPF Act’). what bearing this has on 'wages"as per gratuity act as many employers give basic plus other allownaces as remuneration to employees
Hello,
I would like a query, can the basic calculated change in every year???
suppose the basic given in one year is say 1.5L and in the next year can it be reduced to 90 in the next fiscal year??? and balance be put in as "Other allowances"?
I work for a NGO. and just trying to understand the structure that can be formulated.

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™