Salary Breakup - Are There Any Fixed Set Of Heads?

thilipchand
Hi to all,
Wish you a Happy Advance Happy diwali.
I have a doubt in salary breakup, I have seen may discussion in cite hr but i can't find a clear breakup. Pls help me to sort out this.
yours
T.Thilip chand
thilipchand
Yes I need full breakup structure include basic and hr with their percentage
abhaybandekar
There is no fixed structure for Salary, for any Organisation. Basic, DA, HRA are the commonly used heads, and there are end number of allowances, which you have choice, to select. E.g. Conveyance, travel, medical, education, festival, newspaper, furnishing, meal, fuel, house maintenance, and so on. Even above stated, DA, HRA are not mandatory to show in break-up.
Considering taxation aspect, to provide maximum benefits to employees, Company selects Heads, and its percentage, wisely. E.g. HRA, Conveyance etc are exempted to certain extent, from tax perview.
Also, one has to take care of BASIC & DA, since many calculations like PF deduction, Bonus payment etc. relates to these items.
Above stated few lines are only primary thoughts. It requires in-depth study to finalise an Organisation’s salary structure.
mrsharma
The commonly used salary structure in most of organizations is Generally Basic is equal to or approximately near by 50% of your CTC, after this certain constant heads are their i.e. Education Allowance and Convenience Allowance which are Rs. 200/- for each child and Rs. 800/- respectively which is rebate from tax up to this limit then come with HRA i.e. certain different limit of HRA for metropolitan and non metropolitan cities. after that it is comes to other Allowance which is used to make up the difference.
With this some legal compliance also their i.e. PF /P.Tax/Gratuity etc. which are also constant and make a part of your CTC.
citizen1502
Hi Thilip,
I am really surprised that you are not satisfied with the amount of discussion which happened in our community pertain to Salary Break up. I would request you to go through the existing posts clearly and then come up with questions on the same.
However just make you in a convenient part please find below the details of the salary break up.
Components:
Basic, DA, HRA, CCA, Medical Allownace, Special allowance, Night Shift allowance, Food allowance, Travel allowance, Referral Bonus, Encasahment Bonus
Pf, ESI, TDS, Loan deduction, other deduction
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