Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Dear friends,
I am in an organization where no payscale or salary structure exists. I am required to prepare the same for an existing 400 plus employess and also for the future expansions of the Group. Could any one help me with guidances and important aspects I should consider? Thanks ..

Hi! Try to segregate taxable and non - taxable salary components and fix the structure. May sure that pay structure should be easy and helpful to the employee in terms of tax. Chini
With respect to payscale, the salary of the employees are given in a range like 2500-200-300-3000. This shows that the employee having salary 2500 will be incremented to 2700(2500+200) in his/her first increment and to 3000(2700+300) in his second increment. The interval between the increments is upon the management policies.
With respect to salary structure, involve the aspects suitable to your organisation like travel allowances, food allowances, city compensation allowances, etc..
You can also take the help of an auditor for the salary structure.

do check this file very helpfull got from some where

Attached Files
File Type: xls tax structure.xls (33.0 KB, 3128 views)

If my gross salary is 11,00,000 per annum,how can i segregate into its components. can you help me with a broad pay structure.
hi, I am having some confusion in salary. what does a salary of 2500-250 EB 350-5500 mean? the increment needs to be an annual increment or it can be done without any fix time period???
May i know If there is no pf or other cut off except tax hw to calculate a company????
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™