Hi All, I’m a budding HR & new to this forum.Pls help with the salary structure and rules pertaining to salary structure. Regards, Deepu
From India, Coimbatore
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1From India, Coimbatore
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Salary Structure Overview
The salary structure is determined based on a variety of factors: position, amount of salary, age, marital status, vehicle ownership, nature of residential accommodation, reimbursements (company policies vis-a-vis employee's convenience), option for LTA, etc. The generally accepted structure is as follows:
Basic Pay: 30% to 50% of the Gross Annual Remuneration
HRA: 50% (metro) or 40% (non-metro) of the Basic pay
Transportation Allowance: Rs. 9,600 p.a. (if the company does not provide a car or Fuel Reimbursement to the employee)
Children Education Allowance: Rs. 1,200 p.a. per child, subject to a maximum of two kids
Special Allowance:
Reimbursements:
I. Medical Reimbursement: Rs. 15,000 p.a.
II. Books & Periodicals: Rs. 15,000 p.a. (subjective)
III. Leave Travel Allowance: ________ (subjective)
IV. Mobile Bill Reimbursement: (subjective)
V. Mobile Instrument Reimbursement: (subjective)
VI. Annual Bonus: _____ (minimum 8.33% of pay)
VII. Gratuity: _____________ (it could be added as part of the CTC)
VIII. Employer's contribution to PF: 12% of Annual Basic Pay
Like this, there can be a lot more categories for paying salary (depending on the taxability).
Regards,
SS
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The salary structure is determined based on a variety of factors: position, amount of salary, age, marital status, vehicle ownership, nature of residential accommodation, reimbursements (company policies vis-a-vis employee's convenience), option for LTA, etc. The generally accepted structure is as follows:
Basic Pay: 30% to 50% of the Gross Annual Remuneration
HRA: 50% (metro) or 40% (non-metro) of the Basic pay
Transportation Allowance: Rs. 9,600 p.a. (if the company does not provide a car or Fuel Reimbursement to the employee)
Children Education Allowance: Rs. 1,200 p.a. per child, subject to a maximum of two kids
Special Allowance:
Reimbursements:
I. Medical Reimbursement: Rs. 15,000 p.a.
II. Books & Periodicals: Rs. 15,000 p.a. (subjective)
III. Leave Travel Allowance: ________ (subjective)
IV. Mobile Bill Reimbursement: (subjective)
V. Mobile Instrument Reimbursement: (subjective)
VI. Annual Bonus: _____ (minimum 8.33% of pay)
VII. Gratuity: _____________ (it could be added as part of the CTC)
VIII. Employer's contribution to PF: 12% of Annual Basic Pay
Like this, there can be a lot more categories for paying salary (depending on the taxability).
Regards,
SS
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Dear Deepu,
Please find attached a few Excel sheets containing salary breakups. I have downloaded all of these from CITEHR. Also, I would like to request you to kindly check the forum in detail before asking any questions, as you can find all the necessary details in old posts.
Thank you.
From India, Bangalore
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Please find attached a few Excel sheets containing salary breakups. I have downloaded all of these from CITEHR. Also, I would like to request you to kindly check the forum in detail before asking any questions, as you can find all the necessary details in old posts.
Thank you.
From India, Bangalore
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Creating a Competitive Salary Structure.doc
Salary & Compensation Guidelines.zip