Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Dear Seniors
I have been appointed as a HR in a pvt concern and recently my MD asked me for an new format of appointment letter, I had completed it partly but now im in need of the salary breakups like LTA, PF and other allowances % calculation. So I need all your help to complete the task
Waiting for your replies

From India, Chennai
Dear Sumikalp,
Salary structure has decided based on our company environment and for employee IT exception. Here some common components mentioned for your reference,
Salary Component => Basic - 35 to 40 % from CTC,HRA- 50% from basic,Travel Allowance,Children education,Food Allowance and etc.,
Benifits => PF - 13.61% from basic, ESI - 4.75 % from gross not exceed 15000/-, Reimbursement - for IT exemption
Oher Benifits => Gratuity - 4.8% from basic, Mediclaim insurance and etc.,
A. Jerome

From India, Chennai
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™