Guidelines for Preparing a Salary Structure
Salary structure normally varies from city to city and company to company. However, in general terms, below are a few instructions to follow while preparing the salary structure:
- **Basic Salary:** 40% of the monthly gross figure, which is calculated as: Total CTC - Annual Performance Bonus/Incentive (if any) - Noncash Items.
- **HRA:** 40% of Basic + DA (if applicable) for Non-Metro Cities & 50% of Basic + DA for Metro Cities.
- **Attire Allowance:** ₹300 per month.
- **Conveyance Allowance:** ₹800 per month.
- **Child Education Allowance:** ₹200 per month.
- **Medical Allowance:** ₹1250 per month.
- **Special Allowance:** The remaining amount of the total monthly gross.
- **Additions:** Monthly non-cash value and annual payouts.
Total monthly gross + Non-cash + Annual payout gives you the Total CTC back.
Kindly revert if you still have any queries.
Regards,
Apeksha