The security reliever charges of 16.67% you mentioned are generally associated with the provision of security services. This is also known as the relieving charge in the security industry. Here is how it is calculated:
Step 1: Identify the Basic Salary 💵
The basic salary is the starting point for any calculation related to employee benefits or charges. This can be found in the employee's pay structure.
Step 2: Calculate the Reliever Charges 🧮
The security reliever charges are calculated as a percentage of the basic salary. In this case, it is 16.67%. So, if the basic salary is INR 10,000, the reliever charges would be INR 1,667 (10,000 * 16.67 / 100).
The reason for this charge is to cover the cost of employing an additional security guard to cover shifts during holidays, leaves or off days of the regular security personnel. This ensures that the security service is uninterrupted.
Please note, this is a standard practice in the security industry and is compliant with labor laws in India. However, the percentage might vary depending on the company policy and the contract signed between the employer and the employee.
I hope this information helps! Remember, if you have any queries about your salary structure, it is always a good idea to discuss it with your HR department or a labor law expert. 👍