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Salary structure - how do you calculate the basic and other components?
Hello everyone i will be designing salary structures for the first time for a startup organization. i have just 5 days to finalize the same. can you help me on how to design a salary structure. how do you decide on the ctc amount. in case the ctc amount is 7.25 lacs then how do you calculate the basic. once you know the basic you can calculate the remaining amounts. please help. urgent.sal
Calculation of ot
Dear senoirs can any of you help me on how to calculate ot of the employees. a present: we have a cards system where in the employees write their details of in & out timing with signature everyday and this is submitted to hr at the end of every month. based on this the extra hours worked are taken as ot. is there any better way of recording the ot ? can anyone help me with a better way or may be a simple solution to this.? regards fay
Payroll - structure to calculate the salary which should contain pf,esi,etc
Hello sir this is revathiadmin manager of mahaasoftchennai. i m in trouble to calculate the salary for the employee. kindly send me the structure to calculate the salary which should contain etc... kindly help me to overcome this trouble.
How to stop the ot, and how to calculate ot if the employee works every holiday?
What if employees do regular ot then how to stop the ot and how to calculate ot if the employee works every holiday?
Esic calculation on overtime wages
Dear all e are a facility management co. do the contractual work. we have to pay ot with esic contribution. can you guide me about the ot calculation for esic aspect. according to me you have to calculate the ot wages as per you monthly and hourly rate then double the amout which is payable to the employee then you have to calculate the 6.5 on that amout towards hoping prompt reply from all of you. regards vikas kumar
Question on ot/arrear
Dear sir does overtime payment included in esi deductions.is ot criteria for coverage of emloyee. if my salary is 12000and ot is 6000 then on which payment there will be esi deduction. & arrear is also considered for esi deduction. suppose my salary is 10000/ and arrear paid is 6000 then my salary become 16000 of that particular month. whether deduction will be on 10000 1.75 or on 16000out of coverage1.75 or if arrear amt is 4000 then salry is 14000 then what is criteria. pls answer. regards vivek kumar