Difference in Salaray break-up post Appraisal
I want to understand that if A person has been given a hike of 15% in performance appraisal, How does it affect the Salary break-up??
Does the Basic Salary get changed or is it adjusted in some other heads ie Allowances??
For An Example a Man has a CTC of 4,25,055
Units-Monthly/Annual
Monthly Basic= 16240/194880
Allowances:HRA/Lease, Conveyance, Medical, LTA , Others= 10710/128530
Co. P.F. Contribution= 1948/23376
Gratuity= 0/9369
Meal Coupons= 1100/13200
Total= 29998/369355
Variable Pay** 4475/53700
Health Insurance Scheme 0/2000
Gross Total (CTC) 34473/425055
He has been given a 15% Hike, So What should be the break-Up NOW???
I want to understand that if A person has been given a hike of 15% in performance appraisal, How does it affect the Salary break-up??
Does the Basic Salary get changed or is it adjusted in some other heads ie Allowances??
For An Example a Man has a CTC of 4,25,055
Units-Monthly/Annual
Monthly Basic= 16240/194880
Allowances:HRA/Lease, Conveyance, Medical, LTA , Others= 10710/128530
Co. P.F. Contribution= 1948/23376
Gratuity= 0/9369
Meal Coupons= 1100/13200
Total= 29998/369355
Variable Pay** 4475/53700
Health Insurance Scheme 0/2000
Gross Total (CTC) 34473/425055
He has been given a 15% Hike, So What should be the break-Up NOW???