Dear Sir Please send mi how to calculate Salary Break Up in hospitality . I Dont Know how to calculate salary break up
6th March 2015 From India, Daund
Generally 40 to 60% portion is treated as basic salary (where there is no DA) and remaining amount is split in allowances. If your org is in Maharashtra & employs 50 or more workers minimum of 5% of basic should be paid as HRA. To avoid ESI deductions, You may have headung as Conveyance allowance, washing allowance and apportion the rest of amounts on them. For a set of employees doing similar work, quantum of theses allowances can be same, only basic will be different.
11th March 2015 From India, Mumbai
Dear Shrikant,
Can you please advice a new pay structure for Hospitality industry. Presently we are giving Salary + Performance incentive on every quarter. Now Management want to change the same.
Please advice some suggesions for the new pay scheme in Hospitality Industry
Regards,
Binu
18th March 2015 From United States, New York
Hi Shrivastava, What is headung? How do we avoid esi deduction
18th March 2015 From India, Chennai
Experts say that Basic salary of a employee approx 40% to 50% of the CTC, if it falls below 35%, the employee loses out on retirement benefits, which are linked to the basic salary but if it exceeds 50% of the ctc, it pushers up his / her tax liability because the basic salary is fully taxable.
23rd March 2015 From India, Delhi
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