Struggling with CTC Structure Design: Is My Fixed and Variable Split Correct?

I need help in designing the CTC structure for a company. We have the following salary heads:

- Basic Salary
- HRA (40% of Basic)
- Conveyance (20% of Basic) = fixed gross monthly

Apart from these, the following salary heads are also present:

- LTA = 1 Month Basic (Payable once a year)
- Medical Reimbursement = 1 Month Basic (Taxable after Statutory Deduction of Rs. 15,000)
- Bonus: 20% of Basic Salary (Fixed for the year)
- Employer PF contribution: 12% of Basic
- Gratuity: As per rules
- Superannuation: 8.33% or one basic salary (Applicable after 10 years of service)
- Mediclaim Insurance (Cost Borne By Company)

The total amount contributes to the final CTC. Now, I have to make it fixed CTC & variable CTC. So, Basic + HRA + Conveyance + LTA + Medical + Bonus = Fixed CTC. Other CTC components include PF + Gratuity + Superannuation + Mediclaim Insurance.

Can anyone please guide me if this is the correct pattern of CTC breakup?

To design the correct CTC breakup structure for your company in Pune, India, the proposed pattern seems comprehensive. However, to ensure accuracy and compliance, here are some suggestions and considerations:

1. Fixed CTC Components:
- Basic Salary
- HRA (40% of Basic)
- Conveyance (20% of Basic)
- LTA (1 Month Basic)
- Medical Reimbursement (Taxable after Statutory Deduction)
- Bonus (20% of Basic Salary)

2. Variable CTC Components:
- Employer PF Contribution (12% of Basic)
- Gratuity (As per rules)
- Superannuation (8.33% or one basic salary after 10 years of service)
- Mediclaim Insurance (Cost Borne By Company)

3. Considerations:
- Ensure that the CTC components align with legal requirements and industry standards.
- Verify the tax implications of each component to accurately calculate the net salary.
- Communicate the CTC structure clearly to employees to enhance transparency.

4. Subject Line Suggestion: "Optimizing CTC Breakup for Company in Pune: Fixed vs. Variable Components"

By following these guidelines and customizing the CTC structure to suit your company's needs and compliance requirements, you can create a transparent and effective compensation package for your employees.