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talentsorcererRajan100: Preparing a CTC structure is simple. A C.A can help or a search on the forums would give you templates as well. Check with the C.A if a registration is necessary and if a P.F Form 11 needs to be filled in.
From India, Mumbai
Dinesh DivekarDear Rajan,
Your confusion has arisen because it appears that you do not have proper policy on employee remuneration. Secondly, you have mentioned about 10.25 L as CTC. What is the Gross Salary of the employee?
You can fix 40-50% of the gross salary as the basic salary. Other components can be HRA, uniform allowance, washing allowance, education allowance etc.
Keep the salary structure (salary break up) uniform for all the employees. There should not be variation depending on the designation or the length of the service.
From India, Bangalore