Recruitment And Legal
Sr Hr Professional
FBT is a part of employees,s CTC, so employee can borne the tax.Yes u can introduce the choice pay to your employees, because by doing so, they can opt the reimbursements of their choice and save tax .
In salary breakup the term spl allowance means--- THE REMAINING BALANCE AMOUNT OF SALARY. So if somebody wants to have more in hand salary then we can put the reimbursements amount in that heading.(if he is not willing to take reimbursements).
I do hope that i have clarified your query.
8th May 2008 From India, Gurgaon
Your above suggestion for friendly salary package is fine and really appreciable for your thoughts.
Request you to please revert with the sample spread sheet of the format with necessary calculation steps and formulas.
Please do not think the expectation is too much.
9th May 2008 From India, Bangalore
Are there any rules/law of fixing scale of senior management or it depends upon company's profitabliity and capacity??
Also, same on salary break ups...
HRA in my company is 50% of Basic
but in Metro city most of the company has 40% of the basic...
Can you give me some idea and the details of salary brreak up format please,
9th May 2008 From India, Mumbai
No there is no such law of fixing salary structure of senior management. It totally depends upon company,s internal policy of compensation.
The percentage of basic varies from 30-60% of CTC. There is no such hard and fast rule on this.
For salary breakup format , pl find the attachement which we are using in our company
9th May 2008 From India, Gurgaon
15th March 2009 From India, New Delhi
I have got a Offer letter as bellow, in that they have not considerd any PF diduction. Please hepl in this regard.
Please find attached herewith Scand copy of your offer letter with your salary details.Your monthly gross salary Rs. 50,169/- plus Rs. 3500/- as reimbursements (to save Tax). So your effective gross monthly salary is Rs. 53669/-.You need to manage your taxation part as there would not be any deduction on PF part. You will be given official mobile number with a monthly usage of upto Rs. 2000/- and local conveyance of Rs. 5000/- per month and you are also getting LTA and Ex gratia bonus.
5th December 2010 From India, Bangalore
Talking about salary break ups, most of the candidates are interested in knowing how much in hand salary they will get after all deduction like PF and Income Tax. Could you also please throw light on how we can calculate the take home salary after deducting Tax if the candidate falls under 30% tax slab or any other tax slab.
22nd July 2013 From India, New Delhi
#AnonymousDear Seniors, Kindly help me with a spread sheet for a salary break up for an engineering firm. Annual CTC is Rs.380000.
23rd July 2013 From India, Pune
This is Tushar Chauhan, I want to know that new CTC structure with percentage. Because of new financial year many more rules are changes. So, therefore, requested to all concern and seniors please provide me for the same at my email ID (firstname.lastname@example.org)
Thanks & Regards,
23rd March 2019 From India, Mumbai