Chandani_1981
Payroll, Wagw Fixation, Statutory Compliances,
Devyanraj
Hr Professional
+7 Others

Thread Started by #shweta_smily

Hi Friendz, Can anybody tell me a brief about salary structure design including Basic, HRA, DA, ESI and PF and what other essentials of salary structure. Regards Shweta
26th February 2011 From India, Indore
Earnings: BASIC,HRA,WA,CEA,MEDICAL ALLOWANCE,LC,OTHERS DEDUCTIONS: LOAN,ESIC,PF,PTAX,CELL(IF APPLICABLE),TDS(IF APPLICABLE),OTHERS. EARNINGS=GROSS SALARY EARNINGS-DEDUCTIONS=NET SALARY.
26th February 2011 From India, Vijayawada
Hello Swetha
Adding to d explanation given by Ranjith, Salary Structure design can be explained as follows;
Basic=50% of the salary in metro cities/40% of the same in non-metro cities
HRA=50% of the Basisc salary
DA/other allowances=dependa on company's policy(normally 10%)
ESI=1.75% of the Gross salary with ceiling Rs 10,000/- ( max 175 Rs/-)
EPF= 12% deduction on basic + DA(if applicable) with the ceilin Rs 6500/- (max 780 Rs/-)
Apart from these , various reimbursementments,encashments may be included as salary component.
Hope this will be sufficient for your understanding.
Regards
Neha
26th February 2011 From India, Kolkata
Wa = washing allowance cea = childrens education allowance lc = local conveyance regards ranjith
26th February 2011 From India, Vijayawada
hello ranjit.. thnks.. but if someone is unmarried can company give CEA....plz brief me about Washing Allownace as i m not aware of that...
26th February 2011 From India, Thana
but if someone is unmarried can company give CEA....plz brief me about Washing Allownace as i m not aware of that...[/QUOTE]
In case if the concerned person is unmarried it can be shown in OTHERS.
WA is also based on the company to company.
26th February 2011 From India, Vijayawada
Thk u sapna and pls feel free to post new ideas and doubts where it helps to share and increse our knowledge.
26th February 2011 From India, Vijayawada
Thanx ranjith, Neha and Sapna
I have got an idea about salary structure bifurcation through your help
One more question........If I want to outsource these services (HR) from a consultancy. Is this a wise decision to recruit someone from that consultancy (on their payroll) at our office? So that, he/she could communicate between us and consultancy for all HR issues and administration...
I hope.........I have conveyed my query correctly.........cant say
Regards
Shweta
26th February 2011 From India, Indore
How to count late timing in attendance sheet offie timing is 12:30 12:30 Collection 12:02 12:47 12:01 12:25 12:01 12:35 Total count late timing ???????which formula put plz help me!!!
26th February 2011 From Pakistan, Karachi
If ur off timing is 12.30 half an hour will be grace period for late coming i.e;01.00 after that it is noticed as late coming and 3 late comings is equal to one day leave.
16th March 2011 From India, Vijayawada
Hello Shweta Adding to Ranjhit’s reply, HRA is 60% of basic salary for metros & 40% of basic salary for non metros Thanks Chandani Shukla Executive HR, Dainik Jagran
21st March 2011 From India, Ranchi
hello,
I am a fresher and recently joined an organisation. I need to prepare a salary budget for
10 sales executive, 4 sales manager and 1 marketing manager.I have really no idea how to design this on
the basis of degree, experience and knowledge. please suggest me something.
19th June 2011 From India, Bangalore
if any employee met with accident in factory,is esic give financial benefit before 09 months for treatment or any sickness benefit.
19th June 2011 From India, Gurgaon
Dear seniors tell me details regading CTC then deductions in ctc and net salary. here i attached one ctc structure so, what will be the net salary. thanks & regards afcil
20th June 2011 From India, Pune
Dear All
I want to design a new salary structure for my company..pls guide me .. the company is a distributorship of LPG .. I want to know the basic std structure for salary.
Thanks and Regards
Devyani
31st July 2016 From India, Pune
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