Sharmaharshal
Assistant Manager - Corporate Ir
Ashok_6984
Indian Payroll
+1 Other

Dear All,
We are a small firms having 35 - 50 employees. Here till date we were following the salary structure like this.
Basic - Random more of the employees are getting 6500 as basic
HRA - NIL
Conv - 800 pm
Allow - Balance Amt.(Gross - Basic-HRA-Conveyance-Allowance)
Gross - XYZ amt.
PF - 12%
PT - As per law
TDS - TDS as per law on Gross Salary
Net - ABC AMT.
I recently joined and after going throgh I made some points which I would like to share with you.
1. Basic is Random and close to ceiling limit of PF. I chaned it to 30% to 40%
2. HRA should be 30 - 40 % fo Basic
3. Allownace shouyld not be a balance amt.
4 TDS should not be charged on Gross PF and PT should be deducted and then TDS should be calculated.
As I know that the none of the amt should be more than Basic in the salary sturcture.
I want to reframe this salary format I need your help in that. I had never done the payroll function before. As this is one of the new challenges of my job. seeking help from your side.

From India, Mumbai
Hi, Herewith posting the CTC breakup excel. Hope it will help to you. The percentage of each and every component will be the company dependent one. Regards, Ashok.
From India, Madras

Attached Files
File Type: xls CTC Breakup.xls (24.5 KB, 8042 views)

I will like to know how arrive the CTC for 6.5 lacs for an employee
From India, Madras
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