Salary Break Up [Thread 138608]

tarun_ch270
Dear all,
Can anyone help me to break Up (Standard) the salry amount of 10000/m.
Urgent
Regards
Tarun
sujata_empi
Hi ,
please find the salary break up of 10000
Basic: 4500 PF: 540.00
HRA: 2200 ESI: 0.00
Conv: 3000
-------------------------------
G.S: 10000 Net Salary: 9510.00/-
Thanks,
Sujata
Sr. Hr executive
hr_shree
hai tarun,
salary break up for Rs.10,000
Basic -5000
HRA- 2000
Conceyance 2000
misalaneous -1000
tarun_ch270
Dear all,
Have a good day

I have joined a Org. Shortly.I have a problem, My organization is 25 Years old but we dont have ESIC Registration although we have Insurance plan for employees but now we want to registered with ESIC then what will be the process of registration and how can we see that our org. comes in ESIC covered Area.
urgent:sad:
Regards
Tarun
arunmba_vlr
hai i am arun kumar form vellore i am working in tata motors car sales company i want to know the maintain attendance register and pf anc esi procedures.
ganesh.vns@rediffmail.com
Hi ,
please find the salary break up of 10000
Basic: 6500 (if any employee join direct Rs.6500 in basic then no deduction in PF)
HRA: 2250
PF: 0.00
ESI: 0.00 (if any employee gross salary Rs. 10000 then no deduction in ESI)
Conv: 1250 @50/day
-------------------------------
G.S: 10000 Net Salary: 10000.00/-
Thanks,
nicemail
Sir,
It is Basic above Rs.6500 so make it Rs.6550.
This will exempt you from PF.
So the net salary will be Rs.10,050.
This get exempted from ESI.
Note:
Work on CTC and give your employees it has benefits.
It depends on what type of industry you work in and the employees salary.
Only if you give the employee something like these it could be nice for them also to be secured on their job.
I would suggest convince the management that the employees are not machines to be squeezed and let over at later stage. You should care for them being a HR. Work on Benefits rather than withdrawing them.
Let us discuss more on how to give more benefits to our employees at a minimized cost.
Enjoying Life Time.
Regards,
Ramamurthy R
amrender
Tarun,
Asking all of us about the break up of 10000/-, answers will differ from org. to org. policy. I will suggest u to rather set your own policy . Although I can tell u the heads
Baisc
HRA or HMA
Conveyance
PMS
LTC
EL
PF
ESIC
BONUS
PP
SA
Refreshments
Skill Enhancement Allowance
Amrender
penubothu
Hope you might got the answer about your both queries, if not let me focus on the same;

Coming to Salary Break up :

Cost to company is divided into components and given a different names to that components like;
1) Basic: it should be 40 -50 % on CTC
2) HRA (House Rent Allowances): it should be 50% on basic;
3) Conveyance: as per the shops and Establishment act should not be more than Rs. 800 per month (800*12 = 9600) should directly mentioned in the CTC
4) LTA: Leave Travel Assessee: Should be 1 time from your basic sal
5) Medical All: it should be 1250 per month (=1250*12=15,000)
6) Special allowances (SA): CTC - (1+2+3+4+5) = Specail Allowances
7) Holiday Work

like this you can create as many as components and be careful while creating all these components, and try to make as many as components which are not taxable income components; (Like Hard furniture, Soft furniture, Child Education, LTA, Medical Allowance, HRA, Car Maintenances, Petrol Reimbursements, Telefone Reimbursements Etc.,)


Coming to ESIC: as you said that you company having exp in industry abour 25 years and now wanted to create a account in ESIC Act, just want to know how many employees where working with your Organization and what is the Salary Bracket you are following, if your salary bracket is more then 10, 000 then no need to open a account in ESIC dept, if not then do approcah to a consultant those have much experience in all dept (like : Labour Dept, PF ESIC dept etc.,)

If you need more details explanation, then feel free to get in touch with the below mentioned contact number or by my web address
bhagwan_07
Dear Tarun,
Pls find the same as below :
Basic 5000
HR 2500
Conveyance 800
Others 1700
PF 12% of Basic
ESI 1.75% of Gross Salary
Rgds
Bhagwan
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