As per your query, I would like to ask you to focus on the following points regarding the Salary Structure:
1. What type of company is it?
2. You have to go through the HR policies of the company.
3. Strict statutory compliance following in that region is a must.
4. There are numerous components depending upon the type of company; however, the major components to be considered are:
- Basic + HRA + DA/VDA + transport allowance = Gross per month
- Gross per month * 12 = Gross per annum
- To be added:
- PF contribution from the employer's end
- Arrears if any
- Ex gratia / annually
- To be deducted:
- PF deduction
- Labor welfare fund
Regards