Hr Manager
Rajat Joshi
Hr Consulting ,trainer -creative Thinking
Hr Professional
Hr Executive
Hr Manager
Senior Recruitment Specialist
+7 Others

For various links to my posts, kindly visit the links provide herein below
25th September 2007 From India, Mumbai

Attached Files
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File Type: xls salary_structure_186.xls (52.0 KB, 11948 views)
File Type: xls payslip_813.xls (20.5 KB, 7862 views)
File Type: xls full_and_final_835.xls (34.0 KB, 10977 views)

Hi Octavious,
You have a done good job in making the formats which are correct. Basic salary which is 59% of the ctc is on the higher side as industry standards veers towards 45-50% and also you can include the tax free components like meal vouchers of Accor or Sodexho which is exempted upto Rs 50 per day.
Would recommend that you read the Tax manual on components on Salaries Heads to provide better insight.
In Full n final settlement, you have to include the PF deduction on leave encashment ( PL/EL) which is statutory requirement.
Chak De India!!
Rajat Joshi
26th September 2007 From India, Pune
Dear Rajat,
My field of expertise is Strategic HR and Employee Relation.
Compensation and Benefit is the last thing I would ever deal in with, as I am very bad with numbers.
The above postings are some material I collected over a period of time from various sources.I would request if you could then download the same and rectify it, as it would help lots of people, because I am not the right person do do the same, but form your advise I believe that you have good and very in depth knowledge regarding the same.
With Regards
27th September 2007 From India, Mumbai
Hi, Thanks for your attachments they were helpful ..can u provide me with some appraisal formats for my sales guys....assessment sheets...... Regards, Muskan
2nd October 2007 From India, Indore
Dear Octavious,
Great to know that and it is enlightening to read your postings as well.!
If you ask me frankly , you have done a fairly good job notwithstanding your equations with numbers! :D Guess if one trys sincerly everything is within reach and become savvy as well.
Well, i have attempted to redefine the compensation structure in sheet comp-structure for the salary structure of Rs 2.75 Lacs p.a. which is fairly okay and balances with the FBT and Indian Tax laws after all there are two things certain -----> Death and TAXES!! :)
Fuel and entertainment expenses should be kept out of purview of the structure as they attract FBT - the logic is simple either the employee pays tax by way of perks or FBT by the company but not both!.
Best Regards,
Rajat Joshi
5th October 2007 From India, Pune

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File Type: xls salary_structure-ctr_856.xls (60.0 KB, 3777 views)

Hi Octavious,
Iam really thankful to you for mailing the material with salary break up. Even Iam not not an expert in compensation management. I was really in need of information for structuring the breakup for 2lacs, 1.25 lacs, 85k & 70 K. I had even posted my query but it was futile as i din get any useful & reasonable responses.
Thanks a lot once again..
keep sharing..
17th October 2007 From India
Dear All,
Greetings for the day.........
i will be thankful to you if anyone responds to me for my query
As i want to the esi and pf deductions and even the half yearly and annual
returns that will be done by any common organisation. :?
18th October 2007 From India, Madras
Greetings: Does anybody have a Full and Final Settlement Policy? Please do share one with me as I am in need of one very urgently. Thank you very much in advance. Abdul Rozak
28th May 2008
Can any one help me with a copy of Check list of payroll processing pls. what has to be taken care while processing salary for a month.
6th June 2008 From India, Bangalore
can yu anyone help me to getting job in HR .prevoiusly i was working due to some health reason i quit the job
6th June 2008 From India, Lucknow
Hi ,its really a good format.I want to further know that is the prepartion of salary slip is the part of HR activity. Thz
12th June 2008 From India, New Delhi
Dear OCTAVIOUS,Comp and ben is one of my weakest fields too. Thanks for the attachments, really helped me lots. Agree with Rajat."Guess if one trys sincerly everything is within reach and become savvy as well."Regards,Shweta.
24th June 2008 From India, Mumbai
Hi, I want to know what is Monetary Compliances & Non - Monetary compliances. & Which factors come into that. If I come to know that it will be really helpful me. Thanks. :confused:
25th June 2008 From India, Pune
Hi Rajat,
I am from recruitment and training background. Recently my company give me a responsibility liks payroll generation. I am aware of calculating PF, ESI, Bonus, PT
But I donít have any idea about income tax calculation. How to calculate income tax in coming range salary is their any formula

Pls. suggest me
Kind Regds
13th September 2008 From India, Delhi
Dear Sir/Madam,
This is Amarjeet Singh,Thanks for regtd
me.Sir i need a complete salry slip marketing & sales dept.Pls send me
it full detail of % BASIC,HRA,CONVANCE-----etc.
Thanks & Regds.
Amarjeet Singh.
Cont.No. +91-9990257638:icon10::-x:huh:
11th November 2008 From India, Delhi
Hi Octavious,
Really this is very helpfull ,Pls.also tell me in every (Medium & Large) company the Basic salary is 59% of CTC. & how much PF & ESI %age is to be charged.
Hope you help me out for this.
Shweta Shamra
11th November 2008 From India, Delhi
:)Dear Rajat,
You seem to have immense knowledge on Salary Computation. Kindly enlighten me on the same as i also handle bit of Salary processing apart from other HR activites. I have newly joined in the organisation. I am very bad widnumbers but as i am handling developed interest on the same.
You can mail me any information about Salary Components & Benefits so that i can increase knowledge. My mail id :
Bugs Bunny
12th November 2008 From India, Mumbai
Hi This is Mukesh.
And 1 query regarding my problem, I Hope all HR person will help to me.
My last company not clering my Full and Final. Which type of Legal action I can take or How can I clear my Full and Final.
I left this Orgnazation before 5 Month.
Please Give me Suggestion.
21st July 2012 From India, Chiplun
my pf updat total blance employee share + employer share= 5300 Now if withdrw my pf how much pf blance . dobule or not????
27th May 2017 From India, undefined
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