Proposed Salary Break Up - Xls Download

Hi!
Amit,
Thanx for your appreciation.Can u help me out in telling me the basic structures of salary issues.
is there any topic in HR book or are there any topics which should be read to make oneself aware about this important subject???
Regards
Anupriya Bhattacharya

Hi Anupriya..
Most welcome...
See.. if you go through my post, you will find a very simple salary structure been prepared there.. just arrange them in an excel sheet and play with that as much as you can with the help of excel formulas...
Prepare a number of CTC structure.. it will enhance your skills even..
Regards,
Amit Seth.

Dear
Salary break up
70% =basic+HRA+PF (Company contribution)
30% =other Allowance
or
60%-40%
regards
Vibhor

Dear Amit, Sandeep,
I yet to get the clarification that am I have to break the salary as per your saying that basic 30%, HRA 40%, and rest? Kindly clarify me. Is it a rule I have to follow otherwise it is illegal? Or I can break on my own as per company and employee's benefit? Let me know that at the earliest.
Vasanthi

Hi Vasanthi,
Its not compulsary that you structure like this..
You may structured it at your own keeping in view the employee's benefit..
Like Basic is low, then his PF contribution would be low..
Likewise you may prepare, so that employee's take home salary should be handsome...
Regards,
Amit Seth.

Hi!
Amit,
I want to ask you one question that to what extent a person should be computer literate that can help in excelling in HR profession.
How in today's scenario knowledge of SAP -HR can help an HR professional in getting the best brand in the industry.
Waiting for an intelligent reply.
Regards
Anupriya Bhattacharya :D

Hi AnuPriya..

These days Computer literacy is an essential part for HR profession.. Atleast you must have skills to work on MS-Office as well as Internet..

> Everyday you have to make reports and every report can't be made manually in a specified period of time..

> To impart Training or to present something you are required to prepare PPTs..

> To prepare database of employees you are required to be good in Excel..

> To calculate any rate

> To prepare salary structure

> MIS preparation

In short every thing in HR now a days computerised, to work systematic you must be systematic.. and your work style should be smart.. smart in terms of accuracy, in less time and perfection...

Having knowledge of SAP-HR module is an added advantage for an HR professional.. these days so many companies are implementing ERP to make their system centralised... in ERP one of the module is HR.. and having working knowledge over HR module provide them extra advantage while recruitment...

BTW what does it mean [Waiting for an intelligent reply.]... :roll: :roll: :roll:

Anyways.. hope it would be useful information for you..

Regards,

Amit Seth.

That was an perfect Salary Break up to understand for common people. Excellent job. Keep it up
Regards
DVD

Hi,

I am Dhara, working as Sr. HR at IT Company. Right now we have not salary breck-up. i would like to introduce it. But I haven’t too much legal knowledge of salary break-up. Please tell me appropriate book on it which will be guide me.

Dear All,,,,
I still need some more clarifications on SALARY BREAK UP because in my org we currently have :-
Basic - 50% of Gross
CTC - 25% of basic
Medical - 1250
Conveyance - 800
Misc - Rest amount
And our Account dept has proposed a new one, which is :-
Basic - 60% of Gross
HRA - 30 % of Gross
Medical - 5% of Gross
Conveyance - 5% of Gross..
I don think this breakup is good...
Please advice ASAP..
Kanchan (HR) :icon1:
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