How to Handle Salary Breakup for Employees Earning Over 1 Lakh: Legal Insights Needed

Dear all,

I need to prepare a breakup where the basic salary of the concerned employee is more than 1 lakh. Thus, I want to know how I shall proceed with this and if there are any legal obligations for employees who are drawing more than a 1 lakh salary.

Looking for a quick response.

Thanks and Regards,
Namrata

Hi! Even I faced a similar problem recently. Our package was having limited options focusing mainly on junior and middle-level employees. So, I created a new salary structure by introducing various reimbursements along with basic+DA, HRA, Conveyance, and other allowances. If you are interested, I can share some details. Bye.

Hi Bhavan,

Could you please post the salary structure and break up on CiteHR? I need it, and many fellow members would appreciate having it. It would be cumbersome to send emails individually.

Thanks and regards,
Raj Sekhar

Hello Sir,

I am Priyanka Mehta, the HR of Ace Tours. Currently, for the last six months, employees have been presenting their salary details in an abstract manner. I am facing difficulty in distinguishing the salaries of individuals who are exempted from PF deductions. On average, the monthly salary of the employees is around Rs. 10,000.

Thank you.

Hi All,

This is Rajan. I don't know anything about what you are discussing here. Can you please describe what all these breakups are all about in a descriptive manner, or can you send me a PowerPoint presentation?

My email address is urwithrajan@gmail.com.

Goodbye,
Rajan

Hello Ranjan,

By break-up, one understands the components of Gross Salary. The Gross salary is in accordance with the scale applicable for various categories. The various components of salary can be: Basic Pay, Variable Dearness Allowance (VDA), House Rent Allowance, City Compensatory Allowance (PRA), Medical Reimbursement, Conveyance allowance, and any other special allowance as applicable.

Hope you understand.

Regards,
Archana

You can have the breakup as follows:

Basic
Fixed DA
Variable DA
City Compensatory Allowance
Travelling/Conveyance Allowance
Books and Periodical Allowance
Child Educational Allowance

Ramesh Bala

Hello to all of you,

Please see this salary breakup; it may help you to prepare the salary structure for your organization.

Name

Designation

Date Of Joining

Location

Emp No

Salary w.e.f.

(A) Particulars Monthly Annual

i) Basic

ii) HRA

iii) Other Allowances

iv) Conveyance

Total (A)

(B) Voucher Payments

Lumpsum Payment towards using your car for Official use (EMI, Tax, Insurance, Maintenance)

Total (B)

(C) Annual Benefits

I) Company Contribution to PF

ii) Bonus

iii) Medical

iv) LTA

v) Chauffeur Allowance

Total (C)

Total (A+B+C)

(D) Perks

i) Mobile Expenses

ii) Petrol Expenses

Total (D)

Cost to Company (A+B+C+D) Total

Note 1: Amount shown under (D) i & ii is the upper limit and it will be paid at actual subject to the upper limit on submission of bills.

Note 2: Reimbursement for Fuel Expenses - will be paid @ of Rs. 3.50 Per Kilometer for official use only. Log Book has to be maintained. The amount has to be claimed by attaching a photocopy of the logbook and petrol bill, which should be approved by your superior before debiting.

Note 3: Amount (Cv) is fixed and will be paid if a driver is employed. Moreover, the company does not employ a Driver.

You can modify this according to your need.

Feel free to contact me at [Login to view]

Avinash

9920311472

Hi Ms. Namrata,

It's a very interesting query you have made. In case you have already found a solution from another professional, please forward the same to my email id at pankaj.sinha@globrin.com. In a Software MNC, we are sometimes faced with similar situations.

Thanks & Regards, Pankaj Kumar Sinha GURGAON.