Hello All, one of our employee CTC is 300000/- PA please tell me how to design the salary structure from this CTC, pls reply on urgent Basis, Warm Regard Amit Khurana
From India, Agra
From India, Agra
CTC includes all costs. If you want to cover the employee under PF then 12% portion of basic salary is to be considered as cost.
Normally about 40% component of CTC is considered as basic salary. Then the rest of the cost you have to be attributed to allowances; one of them should be HRA if you you are from Maharashtra or WB.
From India, Mumbai
264Normally about 40% component of CTC is considered as basic salary. Then the rest of the cost you have to be attributed to allowances; one of them should be HRA if you you are from Maharashtra or WB.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Creating a Competitive Salary Structure.doc
Salary Structure.zip