Hello to all HR,
City HR is very useful to all HR executives like me.
I have joined a company recently as an HR officer. Now, I have to define the salary structure that includes:
- Basic
- HRA
- City compensatory
- Special
- Etc.
I cannot decide on the percentage to deduct from the salary. I am thinking:
- Basic: 40% of gross
- HRA: 40% to 50% of Basic
- City compensatory: $700 fixed
- Conveyance Allowance: $500 fixed
- Special: Balance
- 12% PF - Basic Planning to start
- Professional tax deduction just started
I wanted to create a salary structure that suits our small-scale company and complies with the law. I am confused because our advocate says a minimum of approximately $4000 salary should be there, but it is not possible for me. Some employees are getting $3000/$3500/$4000/$5000/$7000/$8000/$10000/$12000, so not all fall within the $4000 range. If we decide to implement a formula that is 40% of the gross basic, then the basic will be very low.
Please suggest.
If all the above is related to the area, then I am from Hatkanagle, Dist. Kolhapur, Maharashtra.
Please reply. Thank you,
Anand Bohara
HR Officer