How Do I Create a Salary Structure for a 100-Person Service Industry Company?

Dear Sir,

Please provide me a format of salary structure for my company. The strength is 100, industry is service. Kindly provide me with the salary structure along with a format of salary.

Regards,
Payel

Dear Payel,

Please find attached the salary structure. It will help you a lot. I obtained this from a website. If you still want more of these, you can search for them as there are loads of salary breakups available.

Regards,

Vipin

Dear Payel,

Thanks for bringing up the discussion yet again.

Dear Vipin,

Appreciate your effort in replying to the request.

Dear All,

I would like to know the answers to the following questions relating to Salary Structure. Please help us out in this regard.

1. What is Gross Salary?
2. What is Net Salary?
3. What are the mandatory components to be included in the salary structure?
4. What are the components that are/can be incorporated in the salary structure for the tax benefit of the employees?
5. What categories are the components classified into?
6. Can the employer contribution towards PF, ESI, and Gratuity etc. be shown in the CTC?
7. What should be the % split up of the components as per law?

Hi all,

I have attached the salary structure for your reference. This will be useful for understanding both CTC and gross structures.

Thank you.

Dear Chandru,

Thank you a ton, but I am not the right person to receive this thanks; it is the HR Family out here.

Regarding your query, CTC is not the rule. You can make changes according to your comfort. I am attaching a document which will help you a lot.

Regards,
Vipin

Dear All,

Well, a good question posed by Mr. Chandru here.

1. What is Gross Salary? - The salary which is structured without any deductions, i.e., PF, ESI, PT, Welfare, Income Tax, etc.
2. What is Net Salary? - Salary after deductions.
3. What are the mandatory components to be included in the salary structure? - Basic, HRA, Conveyance, PF, ESIC, Gratuity, Bonus.
4. What are the components that are/can be incorporated in the salary structure for the tax benefit of the employees? - Basic, HRA, and all other reimbursement parts.
5. What categories are the components classified into? - All the parts noted above.
6. Can the employer's contribution towards PF, ESI, and Gratuity, etc., be shown in the CTC? - Yes.
7. What should be the percentage split up of the components as per the law? - No hard and fast law.

Thank you.

Hi Mr. Sriharsh/Mr. Jitendra Yadav,

Is there any percentage ratio for Basic & HRA of Total CTC? Could you please assist with the % ratio for the same?

Sanjay Patel

Vipin,

One of the best documents ever received regarding HR PROCEDURE. KEEP IT UP:)

Can you please help me with one format? Do you have any format wherein I can compare the present salary received with the last month's salary for all employees, so that I can come to know where is the difference and for what purpose? I am a secretary in an MNC firm looking after HR & ADMIN.

Awaiting your response,

Dear Geeta,

Regarding your query, I am attaching a document herewith. It might help you to some extent. If not, you can get it from the site because the file I am attaching was obtained from this site.

Regards,
Vipin

Hi all,

Thank you so much for the information shared. This is a great help for all HR professionals, especially the freshers who will benefit from this knowledge.

Rosa

Hi,

Can anybody tell me on what basis the loss of pay has to be calculated during the month of Feb 09? I mean whether it has to be calculated on 28, 30, or 31 days.

Currently, my company is using the basis of actual days in the month. They calculated the loss of pay during this month for 28 days.

Is this procedure right?

Dear Team,

Would appreciate if you could let me know if the Basic is calculated on CTC, Gross Salary, or any other factor.

Dear All,

I have a question. If anybody can solve it, please tell me. I am working in a school, and we want to give a salary to the trustee. I need a salary structure for the Trustee. Can anybody help me, please?

Vaibhav