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.
Basic 50%
HRA 25%
Special Allowance 15%
Conveyance 10%
Total 100%
From India, Aurangabad
1There 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.
Basic 50%
HRA 25%
Special Allowance 15%
Conveyance 10%
Total 100%
From India, Aurangabad
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
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.
From India , New Delhi
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.
From India , New Delhi
Hi @Shitesh_yuvraj Thank you for this valuable information, really helped. Regards, Pranita M
From India, Aurangabad
From India, Aurangabad
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