Dear member,
First of all, pls be noted the CTC structure depends upon many factors (company budget, future plans, nature of employees engaged, no. of employees, organisation structure etc). As you have mentioned yours is a small proprietorship organization of 14 people. Pls note my clarifications on your queries:-
In r/o employees of 5L-7L, you can consider the basic salary on basis of 40%-50% criteria. The other component could be HRA, 50% of basic (to avail tax benefits), special allowance, conveyance allowance etc. (provided in the attachment as well).
Pls find attached the notification of Delhi Govt in which Minimum Wages of different categories given.
As per Delhi Min. Wage Act Apr. 2018- we also follow pf & esi.-what should be the basic and other components for a person earning 20k, 25k, 28k per month if the increments are decided on CTC figure?? =THE BASIC MUST BE AS PER MW ACT, REST COMPONENTS COULD BE AS PER MY CTC ATTACHMENT.
If the ctc is 26000 then the basic calculation of 40% is 10400. what should be the rest of components to fill the remaining amount? = THIS IS INCORRECT WAY. FIRST CHECK WITH THE NOTIFICATION, THAN DEFINE THE BASIC.
The other component could be HRA (50% of basic) to avail tax benefits, special allowance, conveyance allowance etc. (provided in the attachment as well).
Also if a person is earning 45000, then basic would be 18000. In this case what would be the break-up? = THE BASIC FOR GRADUATE AND ABOVE IS RS. 18332/-. SO CHECK THE BASIC.
If you are unable to open the file, this may be due to you are using older version of excel. I am attaching as PDF, hope it will help you.
I have elaborate the matter in much detail, hope this will clarify you all the points. The attachment alone will not serve the purpose, you have to do working as per your requirement.
Last but not the least, I would advise you to take any consultant’s help. So that all time you can comply as per the govt. rules and regulations.