Understanding Salary Breakups
In my previous company, the corporate office used to handle the salary breakup and all. Here in my new company, I have to take care of these things, so please explain about salary breakups.
- Is there any standard percentage?
- Will it differ from state to state?
- Are minimum wages and labor acts restricting it in any way?
- What are the breakups that should be there? (Is Basic and DA enough, or should HRA or further components also be included?)
Please clarify this for me.
Thank you.
In my previous company, the corporate office used to handle the salary breakup and all. Here in my new company, I have to take care of these things, so please explain about salary breakups.
- Is there any standard percentage?
- Will it differ from state to state?
- Are minimum wages and labor acts restricting it in any way?
- What are the breakups that should be there? (Is Basic and DA enough, or should HRA or further components also be included?)
Please clarify this for me.
Thank you.