Iam just sharing with you the salary structure followed in IT Companies. This may be taken as the Yard stick, am not sharing with you the amounts as this involves confidentiality issues. The percentage on the components may be shared. Please see if this is useful.
This is generic structure. You may fine tune.
You may back work and fix levelwise according to your comany norms.
You may also add perquisites like food coupons in Annual components based on your Organisation's decision.
Please getback to me if you have any queries.
From India, Madras
Thanks. Actually i want to know abt the general components of salary in different organisations and wht are their break ups in percentage on the basis of gross/ctc or basic salary.
Like PF is 12% of basic, HRA is 40-50% of basic..........etc.
Plz let me know whether u get me or not
From India, New Delhi
Iam able to understatnd what your query is..But the spreadsheet basically addresses your question...There are certain generic components which all companies give - Basic, HRA, Conveyance , CCA etc...the Other component called Special Allowance or Flexi pay, however a company terms it is basically used to fit individuals in Grades..and used more as a tool for negotiation. The Allowances shall remain constant. The steps in the sheet are basically meaning the grades and Individuals progress from one step to another..The percentage of CTC which constitutes Basic , HRA is not how most companies work, however there might be exceptions which our friends might throw light upon. The Thumb rule and the more widely practiced method is arriving at the Basic and the slabs of basic for a particular grade and the the same exercise has to be done for all the grades. The percentage of HRA and Conveyance on basic may be decided based on the norms of the Company.
Hope I was clear in my explanation, should you have any further queries please revert back. :)
From India, Madras