Want To Shift My Line Into HR Generalist

Hi All,
I am working as a HR Recruiter in one of the IT Company. I want to shift my line into HR Generalist. I attended for interview in one of the company for the post of HR Generalist. There the HR was focusing more on payroll.
she gave me a instance saying that if your salary is 3 lacs per annum how do you split it. which i couldn't answer.
could you people pls help me out as to how the salary break up is done in the IT Industry.
Thank You all in advance
waiting for your valuable reply

Hi!
The basic component which every company has is
Basic = 50% or 40 % of gross
HRA = 40% or 50% of basic (Depending on Metro & non-metro)
CCA = 20% of Basic
Medical = Rs 1250/- pm
Children Education = 100/- pm (1200/- PA)
Bonu = 8.33% of basic normally (Rest depends on company)
PF = 12% of basic
ESI = depending on gross (if applicable)
Telephone expenses = Rs 750/- pm.
And the remaining like Travelling Allowances, Food Allowance, Petrol Allowances etc completely depends on the company.
Chitra

hi Chitra,
Thankyou so much for your valuable reply, as you have mentioned ESI is depending on the gross amount. what is the gross amount that is eligible for claiming ESI.
Thank You
Regards
Sridhar

Hi!
If an employee has gross more than 10100/- then ESI is not applicable. But if it is less than that then that, contribution is employer = 4.75% and employee = 1.75% on gross.
Chitra

Dear Shridhar,
Just get to know the content of the pay slip and the percentage varies depending up on the type of the organisation.
It would be... BASIC, DA, HRA, ESI, EPF, SPECIAL ALLOWANCE, CONVEYANCE, MEDICAL ALLOWANCE, MISSELANEOUS, BONUS,LOAD/ADVANCE, etc

Hello am sai,
i recently joined hotel industry as asst.hr.
But i dont hav any idea to implement the functions or policies.
more over my hr manager as left the place as soon as i joined here.
he taught me of payrolls and screening part and other things, but am lacking practical experience.
i really dont know how to implement the policies which help my hotel.
becos ours is new hotel and its growth on the lower side.
my md is expecting so much from me
pls help me out people,
with regards,
sai...

Hi,
Attached salary break up which is used by most of IT companies. Should you have any query further, contact me at [Login to view].
ESI is not applicable in your case. As you would like to make your entry in HR Gen. its my advise to read laws related to pay roll management.
Tc!
Best wishes
Taru

Hi Chitra,
I am Varun. I would like to thank you for your valuable post. It is really very valuabale and helpful for many people.
It clearly shows your indepth understanding about HR.
I wish to find your other valuable post on this site.
Thanks & Regards
Varun Kumar
[Login to view]
[Login to view]

Hi
Salary split totally depends on org policy. there are companies hold some amount of annual salary as variable part of the compensation. In my company it is 25% of the CTC will be given based on performance and target achieved and rest 75% divided among the following heads:
Basic - 40% (Non metro) or 50% metro
HRA - 50% of basic
Travel Allowance - 800 pm.
Medical reimbursement - 1250 pm.
special allowance - balancing figure
Pf - 12% of basic (frm both emp and emr)
ESI - 1.75% of Gross (frm EMP)
ESI - 4.75 % of Gross (from EMR)
hope it will help u....................
keep smiling.........
regards
Neesu

Hi ,
As many said salary break up varies among organisation. In our organisation gross salary is divided as follows
Monthly Earnings
Basic is 35% of monthly gross
HRA is 50% of Basic
Conveyance is 800 fixed
LTA is 1000 for some and 1500 for senior employees
Medical Allowance is 1250 per month
Research allowance varies from 1000 - 5000 depending upon the grade
Food allowance is optional and given as sedexho to the willing employees
Telephone allowance again varies from 500 - 1000 depending on employee grade
Special allowance is a balancing figure which is monthly gross subtracted by addition of all the above mentioned component
Monthly Deductions
PF (Employees Contribution) 12% of basic
Professional Tax (Based on Govt approved rate)
Income Tax (Based on annual income)
CTC comprises of
Annual Gross + Medical allowance+ Employer Provident Fund+Performance bonus (Upto 20% of annual gross)
Hope this helps. Please let me know if clarification is needed.
Cheers
Sunetra