Hi people
Could we have come percentage splits of each of these components in compensation structure across industries ... lets say for an IT , ITES , FMCG , Pharma , Auto , Consultancy , Financial Setup , Govt ...
ps : Splits as in gross,net,ctc ....
Regards
Dheeraj
:?:
From India, Calcutta
3Could we have come percentage splits of each of these components in compensation structure across industries ... lets say for an IT , ITES , FMCG , Pharma , Auto , Consultancy , Financial Setup , Govt ...
ps : Splits as in gross,net,ctc ....
Regards
Dheeraj
:?:
From India, Calcutta
Dear Ruchi, I am enclosing some samples, but I dont think it is necessary. Your Pay Slip is more or less ok. Put the Company Logo and Name. Regards, SC
From India, Thane
From India, Thane
Hi ,
This is Amol agaskar working for HR Service Provide
Basic 5000
HRA 2500
Conveyance 800
Medical 1250
Gross Salary 9550
(-) PF 600
(-)ESIC 167
TDS Nil
Net Salary 8783
From the above things u can follow that Gross Salary is the Gross Earning and when u deduct the deductions from the Gross u will be getting Net Salary.
Reagrds.
From India, Mumbai
This is Amol agaskar working for HR Service Provide
Basic 5000
HRA 2500
Conveyance 800
Medical 1250
Gross Salary 9550
(-) PF 600
(-)ESIC 167
TDS Nil
Net Salary 8783
From the above things u can follow that Gross Salary is the Gross Earning and when u deduct the deductions from the Gross u will be getting Net Salary.
Reagrds.
From India, Mumbai
CTC - Cost to Company,
In CTC Salary Distribution will be ,
(A) Basic Salary + HRA + DA
(B) Conveyance + Medical + Other / Special Allowance if any
(C) Employers Contribution for PF (12% of Basic)
Employers Contribution for ESIC (4.75% of Gross)
(D) Employees Contribution for PF (12% of Basic)
Employees Contribution for ESIC (1.75% of Gross)
Gross Salary = (A) + (B)
CTC = (A) + (B) + (C)
Net in Hand = (A) + (B) - (D)
From India, Mumbai
In CTC Salary Distribution will be ,
(A) Basic Salary + HRA + DA
(B) Conveyance + Medical + Other / Special Allowance if any
(C) Employers Contribution for PF (12% of Basic)
Employers Contribution for ESIC (4.75% of Gross)
(D) Employees Contribution for PF (12% of Basic)
Employees Contribution for ESIC (1.75% of Gross)
Gross Salary = (A) + (B)
CTC = (A) + (B) + (C)
Net in Hand = (A) + (B) - (D)
From India, Mumbai
CTC - Cost to Company,
In CTC Salary Distribution will be ,
(A) Basic Salary + HRA + DA
(B) Conveyance + Medical + Other / Special Allowance if any
(C) Employers Contribution for PF (12% of Basic)
Employers Contribution for ESIC (4.75% of Gross)
(D) Employees Contribution for PF (12% of Basic)
Employees Contribution for ESIC (1.75% of Gross)
Gross Salary = (A) + (B)
CTC = (A) + (B) + (C)
Net in Hand = (A) + (B) - (D)
Thanks and Regards,
Amol Agaskar (SR. HR Executive - HR Opeartions)
HRprowess
From India, Mumbai
In CTC Salary Distribution will be ,
(A) Basic Salary + HRA + DA
(B) Conveyance + Medical + Other / Special Allowance if any
(C) Employers Contribution for PF (12% of Basic)
Employers Contribution for ESIC (4.75% of Gross)
(D) Employees Contribution for PF (12% of Basic)
Employees Contribution for ESIC (1.75% of Gross)
Gross Salary = (A) + (B)
CTC = (A) + (B) + (C)
Net in Hand = (A) + (B) - (D)
Thanks and Regards,
Amol Agaskar (SR. HR Executive - HR Opeartions)
HRprowess
From India, Mumbai
Gross Salary is inclusive of all the remuneration payable to an employee.
while net salary is only the take-home salary. i.e, Gross salary earned minus the deductions towards ESI, EPF, PT, Insurance etc..
From India, Mumbai
while net salary is only the take-home salary. i.e, Gross salary earned minus the deductions towards ESI, EPF, PT, Insurance etc..
From India, Mumbai
Gross salary is what you receive from your company and give your wife and net salary is what you get from her in the subsequent month.
From India, Madras
From India, Madras
hi,friends
how is life? hope going on cool.
Gross salary is the combination of basic,da,hra,transport allowance,convenence,entertainment,special allowance and other allowance.Net salary=Gross salary-deductions(PF,ESI,PT,IT,Adavance,Union fund and others).hope it is clear.
with great wishes
sureshbabu(09247299593)
hyderabad.
From India, Hyderabad
how is life? hope going on cool.
Gross salary is the combination of basic,da,hra,transport allowance,convenence,entertainment,special allowance and other allowance.Net salary=Gross salary-deductions(PF,ESI,PT,IT,Adavance,Union fund and others).hope it is clear.
with great wishes
sureshbabu(09247299593)
hyderabad.
From India, Hyderabad
My understanding of Gross salary is your income before statutory deductions. We could also equate it with the term "Basic Salary".
Net salary is therefoe the income after deuctions.Could be termed as "take home pay"
Please note however that there are certain benefits that are non cash which could have been converted into cash and added to your net salary ie Free cell phone use, Fuel etc, car maintenance
I hope you find this eplanation useful.
Paa Kow
From Ghana, Kumasi
Net salary is therefoe the income after deuctions.Could be termed as "take home pay"
Please note however that there are certain benefits that are non cash which could have been converted into cash and added to your net salary ie Free cell phone use, Fuel etc, car maintenance
I hope you find this eplanation useful.
Paa Kow
From Ghana, Kumasi
Dear All,
The CTC structure can be broken into three major components, like CTC, Gross Salary & Net Take Home.
CTC (Includes Gross Salary + Employer Contributions like ESI, PF & Insurance if any)
Gross Salary (Includes Net Take home + Employee Contributions like ESI, PF & Prof Tax)
The final component after the above deductions, will the Net take home salary of an employee.
Rgds,
Suresh Ramalingam
Consultant - Compliance
From India, Mumbai
The CTC structure can be broken into three major components, like CTC, Gross Salary & Net Take Home.
CTC (Includes Gross Salary + Employer Contributions like ESI, PF & Insurance if any)
Gross Salary (Includes Net Take home + Employee Contributions like ESI, PF & Prof Tax)
The final component after the above deductions, will the Net take home salary of an employee.
Rgds,
Suresh Ramalingam
Consultant - Compliance
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Gross Salary(1).xls