Hi
First of all i would like to understand few points to your question put across
- What will be the base to design the Salary Structure
- Do you have any limitations wrt to the design
- How big is your organization
- Is your organization trying to come up with new structure and you are given the assignment?
- Is this a test to assess your competence?
Below is the Salary Structure based on my experience which has been in place and from IT as the industry segment
Salary Components
Basic
HRA
Conveyance
Medical
Child Education Allowance
Special Allowance
LTA
Variable Allowance
Provident Fund (E'ee)
Provident Fund (E'er)
Considering the brak up your would require for the CTC of 2 LPA, here its goes
Basic (@ 40% on CTC) - 80000
HRA (@ 16% on CTC) - 32000
Conveyance (@ 800 p/m) - 9600
Medical Allw (@ 1250 p/m) - 15000
Spl Allowance (CTC - other components) - 44200
PF - E'ee (@ 12% of basic) - 9600
PF - E'er (@ 12% of basic) - 9600
The above said break up is given considering the CTC and the being employee friendly. Please do revert if this will be helpful.
Regards
Jeevan