Dear Seniors, can any one guide me rules/norms to create a salary structure. Means the % of basic , DA, Fringe benefits,etc to be allocated. Regards, gupta.
From India
From India
Hi Guptaji,
Normally the following practices industries follow;
Basic: 40-50% of CTC
HRA: 40-50% of Basic
Conveyance: Rs. 800/- PM
Medical Reimbursemnt: 15000/- PA
LTA: One months Basic PA
Performance Bonus: 5-20% of Gross or CTC
PF/Gratuity as per the Act.
Sepcial allowance: Amount which can not be adjusted anywhere and to bring the salary at desired amount.
Regards,
Vinod Bidwaik
From India, Pune
124Normally the following practices industries follow;
Basic: 40-50% of CTC
HRA: 40-50% of Basic
Conveyance: Rs. 800/- PM
Medical Reimbursemnt: 15000/- PA
LTA: One months Basic PA
Performance Bonus: 5-20% of Gross or CTC
PF/Gratuity as per the Act.
Sepcial allowance: Amount which can not be adjusted anywhere and to bring the salary at desired amount.
Regards,
Vinod Bidwaik
From India, Pune
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Creating a Competitive Salary Structure.doc
Salary Structure.zip