Dear All,
Will the Basic salary change if the number of days present is less than number of working days.
eg: 20/24 days
What will be are fixed components?
If suppose our salary structure is as below:
Basic+DA
LTA
HRA
Conveyance Allowance
Medical Allowance
Other Allowance
If any one can help me with format and explanation would be appreciated.
Awaiting for your valuable suggestion.
Thanks&Regards
Ashwini V Dharashivkar
From India, Pune
Will the Basic salary change if the number of days present is less than number of working days.
eg: 20/24 days
What will be are fixed components?
If suppose our salary structure is as below:
Basic+DA
LTA
HRA
Conveyance Allowance
Medical Allowance
Other Allowance
If any one can help me with format and explanation would be appreciated.
Awaiting for your valuable suggestion.
Thanks&Regards
Ashwini V Dharashivkar
From India, Pune
Hello Everyone, Need more views and suggestions. As i hve to implement it from April,09. Regards Ashwini
From India, Pune
From India, Pune
Mr. Govind Singh
While going through the salary breakup posted by you, it has been noticed that the percentage of basic salary taken for calculation of gratuity is on higher side, which should be 0.5% in place of 4.8% while calculating on monthly basis. Rest are OK.
Regards,
Sivadasan
From India, Udaipur
7While going through the salary breakup posted by you, it has been noticed that the percentage of basic salary taken for calculation of gratuity is on higher side, which should be 0.5% in place of 4.8% while calculating on monthly basis. Rest are OK.
Regards,
Sivadasan
From India, Udaipur
It depends on your organization itself. Few organization calculate all the components payable on the basis of no. of days present. Few organization pay full HRA amount and decrease the other components as it is assumed that even if the employee has worked for less than no. of max. paid days, he has paid the rent for accomodation for the full month.
From United States, Santa Clara
From United States, Santa Clara
Dear Ashwini,
In my opinion basic salary and other allowances with whatever name called will proportionately deducted if an employee works for lessor no. of days & remain absent and if he takes leave of any kind then in that case his salary will not be deducted or reduced proportionately. Basic and other allowances are given for his work and for his absence.
Submitted as requested.
Regards,
R.N.Khola
Skylark Assocites, Gurgaon (Haryana)
From India, Delhi
In my opinion basic salary and other allowances with whatever name called will proportionately deducted if an employee works for lessor no. of days & remain absent and if he takes leave of any kind then in that case his salary will not be deducted or reduced proportionately. Basic and other allowances are given for his work and for his absence.
Submitted as requested.
Regards,
R.N.Khola
Skylark Assocites, Gurgaon (Haryana)
From India, Delhi
Hi Govind,
The basic as per the minimum wages act has to be Rs. 3130. There has to be a DA which varies as per the price index declared by the government on 6 monthly basis.
Can you verify this.
thanks
Manuel
The basic as per the minimum wages act has to be Rs. 3130. There has to be a DA which varies as per the price index declared by the government on 6 monthly basis.
Can you verify this.
thanks
Manuel
Dear govind
I am from Bangalore i have one doubt plz clarify me
I am working in IRCTC as an DEO - Accounts (outsourced)
for Rs.8,000/- CTC. but after deducting all I am getting Net Salary of Rs.6,082/-.
I am giving u the salary slip details below, kindly verify the detail and let me know the what v are getting is right.
Basic- Rs.3000
HRA - Rs.1500
Conveyance - Rs.600
Ent/S.pay Rs.518
Soft. Furnishing allow - Rs.1000
Total - Rs.6618
Deductions:
ESI @ 1.75% - Rs.116
PF @ 12% - Rs.360
PF - Rs.60
Total - Rs.536
Net salary of Rs.6082
Regards,
Austin
From India, Bangalore
I am from Bangalore i have one doubt plz clarify me
I am working in IRCTC as an DEO - Accounts (outsourced)
for Rs.8,000/- CTC. but after deducting all I am getting Net Salary of Rs.6,082/-.
I am giving u the salary slip details below, kindly verify the detail and let me know the what v are getting is right.
Basic- Rs.3000
HRA - Rs.1500
Conveyance - Rs.600
Ent/S.pay Rs.518
Soft. Furnishing allow - Rs.1000
Total - Rs.6618
Deductions:
ESI @ 1.75% - Rs.116
PF @ 12% - Rs.360
PF - Rs.60
Total - Rs.536
Net salary of Rs.6082
Regards,
Austin
From India, Bangalore
Dear All,
As per the minimum wages of UP, the helpers salary is Rs 5200/-. Now it increased and the present minimum wages is Rs 6000/-.
In my company a helper get basic = 5200, HRA = 600 , Conveyance = 600. so the total salary is Rs 6400. Can I reduce HRA and conveyance by 400/- each so that the basic of a helper will be 6000 and HRA = 200 , Conveyance. = 200. Is it possible to reduce the HRA & Conveyance amount.
Please help.
Regards
Khan
As per the minimum wages of UP, the helpers salary is Rs 5200/-. Now it increased and the present minimum wages is Rs 6000/-.
In my company a helper get basic = 5200, HRA = 600 , Conveyance = 600. so the total salary is Rs 6400. Can I reduce HRA and conveyance by 400/- each so that the basic of a helper will be 6000 and HRA = 200 , Conveyance. = 200. Is it possible to reduce the HRA & Conveyance amount.
Please help.
Regards
Khan
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Salary-Note.doc
SALARY SHEET CALCULATION.xls