Need Help Creating a Detailed Compensation Structure with Updated CTC Components

Dear All, I need to create a compensation structure comprising the below revisions. Can anyone help me out with the compensation structure template in which I can figure out the breakup post updating the CTC, as all the below components will be part of CTC:

- Basic: 50% of CTC
- HRA
- Employee PF: 12% on 15000
- Employer PF: 12% on 15000
- Medical Insurance
- Flexi Basket to include: Meal Coupon, Fuel, Mobile & Broadband, LTA, Uniform Allowance
- Professional Tax
- LWF
- Fixed CTC
- PLI: 10% of Total CTC
- Total CTC
- Total CTC 1: 15 LPA
- Total CTC 2: 30 LPA

Thank you.

Dear Member, please find attached the sheets showing CTC of 15 L and 30 L. The PF is frozen in both sheets. Annual LTA is considered equal to one month's Basic. Other important factors are mentioned specifically (as applicable). Hope this will meet your requirements; otherwise, you can make necessary changes.

Compensation Breakup Structure for Financial Year 2022-2023

I need to create a compensation breakup structure for the financial year 2022-2023. Can anyone help me out with the compensation structure template in which I can figure out the breakup components as part of CTC?

- Basic: 50% of CTC
- HRA
- Employer PF: 12% on 15000
- Professional Tax
- LTA

Including Flexi Basket Components

If we include the Flexi Basket like Driver Salary, Fuel, Car Maintenance, Mobile, Uniform Allowance, and other allowances with applicable limits, from which CTC can we use these components, and what will be the maximum limit we can place?

Professional Tax and CTC

Professional Tax is not part of CTC. It is paid by the employee, not spent by the employer for the employee.

Until Labour codes are implemented, your approach is okay. After the implementation of Labour codes, it may be required to revisit the entire remuneration structure.

Thanks & regards,

S K Bandyopadhyay (WB, Howrah) CEO - USD HR Solutions [Phone Number Removed For Privacy-Reasons] [Email Removed For Privacy Reasons] USD HR Solutions – To strive towards excellence with effort and integrity