My Company is new. Salary structure is to be modified. The heads in use are:
Basic Salary, HRA, City Compensatory Allowance, Conveyance Allowance, Fuel & maintenance Reimbursement, Chauffeur Allowance, Car Lease / Laptop reimbursement, Other Reimbursements, Children's Education Allowance, Special Allowance, LTA, Medical Reimbursement, Bonus Pay, Performance Pay (fixed component, but payable annually), Employer's PF Contribution.
Company Car plus fuel plus maintenance - (mentioned in case of certain employees)
Other remarks on the Salary slip are:
All taxes and deductions are applicable as per Government Regulations.
Benefits are applicable as per Company Policy.
Work Tools - SIM Card for Mobile. Laptop
Please advise on the following:
1. Are these heads correct?
2. What all heads form part of the Gross Monthly Salary?
3. Which heads do not form part of the Gross Monthly Salary, but are included in the Annual CTC?
4. Any other observations.
Thanks!![/list][/list]