Kdeepak30
Hr Executive
+1 Other

This is sridharrajan i have been working as HR at engineering firm, My boss is task given and recruiting experienced engineer , the salary is gross 25000.
How to break up as per the factory norms.
28th June 2018 From United States, Huntsville
as per factory norms
Basic 60%
HRA 50%
Conveyance 1600
Medical 1250
Other Allowance
Gross
Regards
Sathya
9841874747
28th June 2018 From India, Chennai
Dear Sridharrajan,
You are advised to contact a Chartered Accountant. The CA would suggest viewing the present tax structures and different legislations in force to keep the interest of employer and employee is safe. You will be benefited by this and also come to know the facts.
29th June 2018 From India, Mumbai
Dear Sir,
Thanks for the given solution, But i have doubt, total amt is Rs.25350 Gross which is your mentioned split up.
Regards/Sridhar
29th June 2018 From United States, Huntsville
Dear Sridharrajan
please find detail in breakup hope it will help to you.
1 BASIC 10,025
2 SPECIAL ALLOWANCE 5,862
3 HRA 5,013
4 CONVEYANCE 1,600
5 MEDICAL ALLOWANCE 1,250
6 UNIFORM ALLOWANCE 1,250
GROSS SALARY 2,5000
29th June 2018 From India, Pilibhit
Dear colleague,
The salary/wages are not governed by the Factories Act. As an HR , you should have known this.the
The break up of salary is based on company's policy and differs from company to company.
However, while breaking it into the various components , one has to consider prevailing Income tax exemptions /rebate so that the employee gets good take home salary.
Regards,
Vinayak Nagarkar
HR- Consultant.
29th June 2018 From India, Mumbai
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Word Game
21st June 2019
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