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How to formulate a compensation structure and salary slip for an employee in a pvt. Ltd. or public organization. Given educational qualification: PG/Specialist, Experience: 7+yrs, Age : 30-35yrs, management band:Asst. Mngr or manager. If gross annual income (CTC) is 8.50 - 9.50 lacs then , as per 6th or 7th pay commission of India Prepare an excel sheet of compensation structure and salary slip for pay and 3 & 4. Including the following :
Basic pay
Income tax deductions(TDS)
Perks & benefits
Medical allowance
Education allowance
Conveyance allowance.
Please explain in detail all the components of compensation structure, how the components have been calculated and prepare salary slips as per pay and 3 & 4?
Thanks & Regards,
Supriya Sharan

From India, Delhi
Note : Correction at the end of question itís payband 3 & 4 not pay and.
From India, Delhi
Hi Supriya Sharan, Details sought are not clear. Moreover it is put in a fashion as it is student exam paper. Where do you want to implement this?
From India, Hyderabad
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