Dear all,
I have recently joined the HR department of a product-based IT startup where I am expected to handle all HR activities. I am completely new to the area of payroll. Can anyone please send me the complete ABC of payroll? I need advice on formulating a salary structure.
Thanks and Regards,
Ankita Srivastava
From India, New Delhi
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I have recently joined the HR department of a product-based IT startup where I am expected to handle all HR activities. I am completely new to the area of payroll. Can anyone please send me the complete ABC of payroll? I need advice on formulating a salary structure.
Thanks and Regards,
Ankita Srivastava
From India, New Delhi
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Dear Ankita,
Please find below a basic guideline of the salary structure. Perks vary from company to company, but common emoluments such as LTA, Medical, PF, Gratuity, HRA, Basic, DA, and Special Allowance are typically included in every package.
- Kindly note that the Basic should be 42% of the Fixed cost without Housing.
- Superannuation is calculated based on the company's policy.
- HRA varies depending on the city (e.g., Kolkata - 50% of basic, Ranchi - 40% of basic, Coimbatore - 35% of basic).
Thank you.
From India, Mumbai
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Please find below a basic guideline of the salary structure. Perks vary from company to company, but common emoluments such as LTA, Medical, PF, Gratuity, HRA, Basic, DA, and Special Allowance are typically included in every package.
- Kindly note that the Basic should be 42% of the Fixed cost without Housing.
- Superannuation is calculated based on the company's policy.
- HRA varies depending on the city (e.g., Kolkata - 50% of basic, Ranchi - 40% of basic, Coimbatore - 35% of basic).
Thank you.
From India, Mumbai
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Salary Structure Required
Hi Friends, this is my first post here, and I would be highly obliged with your help. I need to prepare a salary breakup for employees. Being new in business, we do not have any PF or gratuity deductions. The only thing that is deducted is PT. Could you please help me with a basic salary structure?
Thanks & Regards,
Mansi
iRageCapital Advisory Pvt. Ltd.
Mail me at: [Email Removed For Privacy Reasons]
From India, Mumbai
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Hi Friends, this is my first post here, and I would be highly obliged with your help. I need to prepare a salary breakup for employees. Being new in business, we do not have any PF or gratuity deductions. The only thing that is deducted is PT. Could you please help me with a basic salary structure?
Thanks & Regards,
Mansi
iRageCapital Advisory Pvt. Ltd.
Mail me at: [Email Removed For Privacy Reasons]
From India, Mumbai
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Creating a Competitive Salary Structure.doc
Salary Structure.zip