I have accepted an offer as a restaurant chef, and my package is decided at Rs1 lac per month. However, in addition to this, I get a variable amount of service charge (approximately 10,000) per month. Since I am not very knowledgeable about the best way my salary slip can be made, I would much appreciate it if someone could help. My employer/owner is very flexible in modifying the structure of my salary slip to my benefit, but it must stand true.
From India
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1From India
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Hi.. let me know,Do you have any Statutory deductions like ESI,PF,PT..???
From India, Hyderabad
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From India, Hyderabad
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HI, Annual Monthly 120000 10000 Basic 60000 5000 Hra 24000 2000 Conveyance 9600 800 Variable Pay 26400 2200 Net Pay 120000 10000
From India, Hyderabad
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From India, Hyderabad
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HI, You Need structur for 12lakh CTC per anum or 110000 gross per month ..
From India, Hyderabad
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From India, Hyderabad
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Hi, Please find attached salary break up for 12lakhs per anum and 110000 per month...
From India, Hyderabad
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From India, Hyderabad
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The structure seems to be okay. You can request them to include the following components to save IT to some extent.
1. Edu. Allowance - 2400/- per annum (2 children) - Proofs to be produced.
2. Telephone Reimbursement/Allowance
3. Uniform Allowance - Since you are in the hospitality industry.
4. Washing Allowance
5. Food coupons - 2500/- per month if they have a tie-up with Sodexo/Accor.
From India, Lucknow
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1. Edu. Allowance - 2400/- per annum (2 children) - Proofs to be produced.
2. Telephone Reimbursement/Allowance
3. Uniform Allowance - Since you are in the hospitality industry.
4. Washing Allowance
5. Food coupons - 2500/- per month if they have a tie-up with Sodexo/Accor.
From India, Lucknow
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Do you think the attached salary structure makes sense?
My company's accounts department, however, has these salary breakups:
Basic - 20,000
HRA - 20,000
Conveyance - 10,000
Dearness - 10,000
LTA - 20,000
Special Allowance - 5,000
Uniform - 4,000
Medical Allowance - 7,000
Child Education Allowance - 4,000
From India
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My company's accounts department, however, has these salary breakups:
Basic - 20,000
HRA - 20,000
Conveyance - 10,000
Dearness - 10,000
LTA - 20,000
Special Allowance - 5,000
Uniform - 4,000
Medical Allowance - 7,000
Child Education Allowance - 4,000
From India
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Hi Rohit, I don't think this is a good breakup. You should probably consider keeping the basic pay at about 50% of the total gross. Reduce Conveyance to about 800 per month. Any amount above 800 is taxable anyway. Medical allowance should be 15K per year (1250 per month). Increase your HRA to be 60% of the basic. This would help you a lot in reducing income tax if you stay in a rented apartment/house. Let me know if you need more information.
From India, Delhi
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From India, Delhi
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