Ours is A small IT Company which is a Pvt. Ltd. started 2 years back. We have around 20 employees and need to design a salary slip as everybody is demanding it.
There is no deduction in the salary yet. Can you please suggest the structure. This is what i have designed, please help if it okay as per the rules and structure. or i need to change the slabs.
Special Allowance 15%
From India, Aurangabad
Salary breakups are management call and not mandated by law.
You may want to keep Basic at 40%, to circumvent future responsibilities.
HRA should be a percentage of Basic based on the place of posting.
You may look at few tax friendly options, like meal vouchers, etc.
, New Delhi