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 :
Income tax deductions(TDS)
Perks & benefits
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,
From India, Delhi