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shakunthala.belur@gmail.com
9

Hi,
please any one suggest me what should be the percentage of BASIC & DA in CTC,
How to frame the salary statement as per law. please anyone send me the salary statement format.
Currently we have BASIC & DA - 30% on CTC
HRA - 40% on BASIC & DA
CA - 800
MA - 1250
Are we following correctly?
Thanks in advance.
Shakunthala

From India, Bangalore
Pragnaa HR Compliance Services
181

Hi,
We would suggest that while fixing the % for Basic + DA, please consider, the same should be satisfying the minimum wages (current).
There is no any legal provisions to fixing the "%" for salary component. The purpose of fixing % is to show the uniformity in salary fixation, irrespective of levels / designations.
We have attached the salary working sheet for your reference, hope this would support you to understand well.

From India, Chennai
Attached Files (Download Requires Membership)
File Type: xls Salary breakups (excel 2003).xls (38.0 KB, 489 views)

jeevarathnam
636

Hi Ms. Shakunthala
As per statutory there is no any fixed % of salary breakups. All we follow those breakup is to optimise the TDS. But as per statutory requirements the basic & DA should not be less than the Karnataka minimum wages act

From India, Bangalore
jeevarathnam
636

Hi You please tell me type of the industry that you work & the location of the office. It varies from industry to industry & location to location.
From India, Bangalore
shakunthala.belur@gmail.com
9

Hi,
Thanks for your reply...
If you dont mind have small doubt on excel what have attached... u have given two statements one with ESI and another without ESI. with ESI - Basic&DA is 40% of CTC
Without ESI - Basic & Da is 50% of CTC ... Y is that two seperate statements?.

From India, Bangalore
jeevarathnam
636

please send me mail to my ID so that I will share the minimum wages document to you
From India, Bangalore
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