Help Me For Designing The Salary Structure For Start Up Company - CiteHR
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Can You Please Help Me For Designing The Salary Structure For Start Up Company Considering The Below Parameters For CTC 4.80 Lacs.
Also Please Let Me Know If CTC Is On Higher Side Than There Will Be Changes In % Of Components.
Salary Components
Basic Salary
House Rent Allowance
Conveyance Allowance
Children Hostel Allowance
Medical Allowance
Other Allowance
Annual Gross (A)
Company's Contribution To PF
Total Annual Retrials (B)
Sub Total (A + B)

May be you are at any region in India, Basic salary is fixed between two variables i.e. 30% min to 50% maximum on gross salary.
Gross Salary in general Includes:
1. Basic (30% to 50% of Gross)
2. HRA (40% of Basic)
3. Medical Allowance (Rs.1250 pm)
4. Transport Allowance or Conveyence (Rs. 800 pm)
5. Special Allowance (Gross - (1+2+3+4))
Let me know for any clarifications on my personal ID also let me know if i am not correct

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