I have joined as HR in an organization ( A start up) and there is no salary break up...being an HR i have to introduce the salary break up..like HRA,DA,basic,PF,ESI etc..im bit confused as to what has to percentage of the components...as everyone say different percentages of these components.
Please help me in bifurcating the salary because as per that we have to calculate the Tax and other variable.Like suppose if an employee is withdrawing 25 K..what should be its basic,HRA,DA,PF,ESI and other components if any.Currently there are 17 employees working including house keepers and peons and driver..but the no. of employees is likely to increase in short span of time...
Please guide me on this.
Thanks & Regards,
16th April 2011 From India, Delhi
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