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Hi people,
I had conducted a recent course on Basics of Compensation for Goa University. Attaching the ppt for the same.
I sincerely hope that it benefits somebody.
Your comments also invited for improvement.
5th September 2007 From India, Bangalore

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Hi Monarch
No doubt it is a good contribution. Thanks a lot.
Since you have conducted the same in GOA university, perhaps you have more details on MS-Word format which have the linkage with this PPT format. If you pls post that, it will be more helpful for everybody. Waiting for that....Thanks is advance.
6th September 2007 From Bangladesh, Dhaka
Hi Asad,
i had gone through different reading materials and books for making this. you would find all these in compensation books.
Had amde it straight on powerpoint. did not use any word doc for the same, but if you want to know about anything specific within this, would be too glad to help :)
6th September 2007 From India, Bangalore
I am working in payroll ddept. would want more information about different aspects of compensation and benefits..
It would be much more useful , if you could mail me the ppt at my email id - ..
thanks a million...
Ritu Ghai
1st May 2008
I am doing compen ben study in one of the companies...just have a small query...Instead of putting as special allowance, can an employee select his own benefits( entertainment, gym etc) nd pay the fringe benefits himself...This would be win-win for both
employer-easy to retain talent nd no additional tax burden
employee- specail allowance will have more tax burden than paying FBT on other benefits
2nd May 2008 From India, Madras
Hi Friends, Here is Salary Break up Calculator. Please see the Attachment. Enter Annual Cost in top left hand side marked (YELLOW) only. Keep Smiling...... mahesh k prasad
5th May 2008 From India, Mumbai

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We deliver HR software and payroll outsourcing services, and find that many payroll professionals are not clear whether they should be using 30 days, 26 days, or the actual calendar days as the basis of pay calculation each month.
We believe that the actual number of days should be used each month for pay calculation rather than using 30 days or 26 days. Please find attached a note detailing why using 30 days as the basis can lead to problems in pay calculation.
I welcome comments on the note. If you wish to know about software or payroll services, please get in touch with me at .
T E Gautham
8th May 2008 From India, Madras

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Pls check your caliculations by 26 and by 30. Differnce is not that much correct. check it once again
8th May 2008 From India, Warangal
Dear tegautham,
what i viewed from your mail is that you are considering days a the basis for salary calculation which should rather not be a case
it should be actual salary, what ever the no. of days may be
example if individuals salary is Rs. 30000/month it has to be same for 28 days, 30 days or 31 days a month.
8th May 2008 From India, Mumbai
Agreed. Of course, it should be the same amount irrespective of the number of days a month has.
The problem I am trying to illustrate is for the pay calculation in the first month (or the last month) of a person's stint in a company.
8th May 2008 From India, Madras
New here...
Can you tell me an ideal breakup for Rs.9,00,000/annum? This is in a tiny company, so no PF. They have asked me to come up with a suitable breakup based on my tax needs. I am a single parent with one child. So I need to maximise my tax savings. I live in a metro..
Would appreciat any assistance you can provide me. Thanks
8th May 2008 From India, Madras
Mr. Prasad ji,
Its very useful and easy preparation of salary breakup. Fine, simultaneously connected with pay sheet, PF return, ESI return is an added advantage.
14th May 2008 From India, Kakinada
Hi Prakash Thanks for sharing this valuable !! I am not able to understand the calculations, can you give me your mobile no. to understand in better way
14th May 2008 From India, Mumbai
Gr8 job. Vry useful ofcourse. To rpatils, PF fund consists of same amount of contribution from employer’s side and employee’s side. So the PF deduction has been shown twice.
14th May 2008 From India, Mumbai
Dear Mr Prasad, Can we have a salary breakup which can minimise tax outgo considering common tax saving schemes resorted to by many like sec 80C,HRA and House loan,etc.
14th May 2008 From China
plz tel me one thing on one side we are giving medical n on other side we are talking abt mis. allowance i.e.e pF + ESI pl... tel me
14th May 2008 From India, Lucknow
Dear Deepa,
I just tried to make a structure for you:
Total income: Rs.75000 /mth
Basic salary: Rs.47420 /mth
HRA: Rs.14230 /mth
Conveyance Allowance: Rs.800 /mth
Special Allowance: Rs.5000 /mth
Sodexho pass: Rs.2000 /mth
LTA: Rs.24000 /year
Books & periodicals: Rs.6000 /yr
Mediclaim reimbursements: Rs.15000 /yr
Phone reimbursement: Rs.1800 /yr
Total: Rs.75000 /mth
Here in you will have to show investment of Rs.100, 000 and produce bills for entire amount of LTA, B&P, Medical and phone reimbursements. Also, you can buy mediclaim insurance policies for you and your kid (each with an yearly premium of Rs.15000). Also, need to show house rent receipts for Rs.16000 /mth.
After taking into consideration the fixed and reimbursement components and all your investments, the net tax that will be around Rs.4317 per month.
TIM (araktimz@yahoo.co.uk)
15th May 2008
Dear Gautham,
The correct method of calculation of wages as prescribed by Tamilnadu Government is as follows:
Basic Wages - P/(N-S+H) x No. of days present.
P = Monthly pay
;N = No. of days in a month
S = No. of Sundays
H = No. of holidays
Monthly pay Rs.3500/-
No. of days in the month: 31
No. of Sundays in the month: 5
No. of holidays (Mandatory) in the month: 1
No. of days present: 24 (absent 1 day) (if it is casual leave then it is 25)
=3500/31 - (5+1) x 24
= 3500/25 x 24
= 3360/-
If the no. of days present is 25:
= 3500/25 x 25
= 3500
I trust that this meet your need.
S. Krishnamoorthy
16th May 2008 From United States, Roslindale
hi Tim,
thankyou for the breakup. I am a hr in a small company in mumbai. I am currently following a salary break up here,due to which employees are ending up paying huge pf as a result, they get less money in hand. below is the structure that we are currently following;
gross - (ctc-employer's pf)
basic pay - 50% of gross
hra - 25% of gross
medical - 10% of gross
conveyance - 9% of gross.
now, due to basic pay being 50% of gross, it attracts more pf. I need you to help me re structure the salary so that employees get less pf deduction and more money in hand. let me know if we have to add other components like fbp, special allowance, lta etc to achieve this.
awaiting your response.
17th May 2008 From India, Hyderabad
Dear All,
Is there any system in Payroll Structuring where an employee can be allowed to customize his/her own pay with keeping the same CTC. or can a company have a flexible salary structure to accomodate different sets of employees?
Requesting all memebers to help me with their valuable suggestions.
17th May 2008 From India, Mumbai
hi,You can surely have something like flexible components in the salary structure.This could be possible if you can add the following reimbursements
  1. Food Vouchers - Employees can decide on the amount depending on the usage.
  2. Medical: Employees would need to submit the bill of their medical expense
  3. Attire
  4. Prof Pursuit
  5. etc
These components would be taxfree for the employees, but the company would have to pay FBT. Medical :
17th May 2008 From India, Ahmadabad
Hi Monarch,
Excellent material on compensation mngt.
I had a question , if i may ask ...
If a Job Analysis exercise is completed how does one go about doing Job evaluation and then linking it with the salary ranges / slabs ?
I am not refering to the techniques that you have metioned in the PPT but my question is on a opeartional / execution front.
best regards
10th June 2008
hi monarch,c can u help me to create employee benefits scheme...and u have given very useful info ...thanx.hope i will get reply from u..
31st July 2008 From India, Hyderabad
I am just doing training in AS/400 (RPG/400, CL/400, DB2/400, and ILE)
I want some tips abt this domain knowaledge, if someone is related to this
pls reply and forward to my e mail ID.
I would be thankful to all of you.
Anupam Srivastava
3rd October 2008 From India, Kanpur
Thanks for your sharing. I just wonder in your ppt, what Hay system is belong to which method of Job evaluation ? And could you help me to compare the Mercer system with Hay system ?
5th October 2008 From Vietnam, Ho Chi Minh City
Very nicely put across and really comprehensive.
You are worth a great "thanks"
Also suggest if you could put in some practical examples
for example difference between a job and position etc
It would really make this theory more absorbable.
22nd October 2008 From United States, Somers
thanks it was really very useful information .. can suggest some more information abt compensation management.... thank u waiting for ur response krupa
13th September 2009 From India, Bangalore
Hi, Am new to this site and am a nurse taking my Master in Nsg majoring in Nursing Admin...Am looking for Wages and Salary Administration informations. Need help. Please send links. Thanks
15th September 2009 From Philippines, Manila
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