Navigating Salary Breakup: How to Handle PF, Gratuity, and Other Allowances?

Provident Fund (PF) Deduction

Is PF required to be deducted for all employees? So far, for those whose basic pay is less than 6500, we have considered 12% of the basic pay as the employer's contribution.

Gratuity Deduction

Should gratuity be deducted for all employees?

Understanding Variable Pay

Please suggest what variable pay is and whether it is applicable to all employees or limited to specific profiles/designations.

Total Cost to the Company (TCTC)

- What is TCTC (Total Cost to the Company)?
- What is CTC?
- What is Gross?

Retention Incentive

Is there any component like "Retention Incentive" that can be calculated as 8.33% of the basic salary?

Leave Travel Allowance (LTA)

What percentage should we consider for LTA? (From Basic or from CTC)

Children's Education Allowance

What percentage should we consider for Children's Education? (From Basic or from CTC) Please suggest with an example.

Understanding Salary Breakdown for Unskilled Workers in Tamil Nadu

Please help me understand the breakdown of the salary for unskilled workers in Tamil Nadu. I would like to know the components such as Basic, DA, HR, ESIC, and EPF. Could you please provide me with the detailed breakdown?

Thank you.

Regards,
A. Michael

Please refer to my post below. It will give you a fair idea of the salary structure and breakdown. For any further clarification, feel free to write or discuss.

https://www.citehr.com/375340-salary...ml#post1918112