Hi, Can anyone let me know the salary range that is given in Hong kong in an IT company?? Regards Mouli
From India, Madras
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1From India, Madras
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Dear Mouli,
I am not confirmed with Hong Kong, but I am sharing with you a standard structure.
The contents of the salary breakup are as follows. You can prepare it according to your own suitability. HRA would be 50% or 60% of the basic.
- Basic
- HRA
- CCA - 825/- is exempted from tax
- Other Allowances
- Mobile Reimbursement
- Medical Reimbursement of 1250/month is exempted from tax
Gross Per Month = Sum of all the above.
Gross Per Annum = 12*Gross/Month
PF Contribution = 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to employees who are not covered under ESI, as the maximum ceiling for ESI is 10000/Month. Anything above this will be covered under Mediclaim or it depends on company policy.
Ex-Gratia/Bonus = A fixed amount as a bonus.
Annual Fixed Gross Cost = Gross/Annum + Ex-gratia
Annual Total Cost = AFGC + PF + ESIC. Annual total cost is also called CTC.
Apart from this, Food coupons, Holiday packages, and Furnishing items are included in their CTC.
I hope this information helps clear up some of your queries.
Regards,
Amit Seth.
From India, Ahmadabad
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I am not confirmed with Hong Kong, but I am sharing with you a standard structure.
The contents of the salary breakup are as follows. You can prepare it according to your own suitability. HRA would be 50% or 60% of the basic.
- Basic
- HRA
- CCA - 825/- is exempted from tax
- Other Allowances
- Mobile Reimbursement
- Medical Reimbursement of 1250/month is exempted from tax
Gross Per Month = Sum of all the above.
Gross Per Annum = 12*Gross/Month
PF Contribution = 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to employees who are not covered under ESI, as the maximum ceiling for ESI is 10000/Month. Anything above this will be covered under Mediclaim or it depends on company policy.
Ex-Gratia/Bonus = A fixed amount as a bonus.
Annual Fixed Gross Cost = Gross/Annum + Ex-gratia
Annual Total Cost = AFGC + PF + ESIC. Annual total cost is also called CTC.
Apart from this, Food coupons, Holiday packages, and Furnishing items are included in their CTC.
I hope this information helps clear up some of your queries.
Regards,
Amit Seth.
From India, Ahmadabad
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