Understanding Salary Structure Components
Kindly help me. I want to know what CCA and SBP are in salary structure design. What are the mandatory components in salary bifurcation? Is HRA a must to include?
Please reply.
Regards,
Shweta
From India, Indore
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1Kindly help me. I want to know what CCA and SBP are in salary structure design. What are the mandatory components in salary bifurcation? Is HRA a must to include?
Please reply.
Regards,
Shweta
From India, Indore
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Dear Shweta, Firstly, gross salary includes basic salary, D.A., HRA, conveyance allowance, PF, ESI deductions, and other deductions such as canteen charges and fines, etc.
Thanks & Regards,
R. Yogabalan
From India, Coimbatore
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Thanks & Regards,
R. Yogabalan
From India, Coimbatore
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Understanding City Compensatory Allowance (CCA) in Salary Structure
CCA means City Compensatory Allowance in salary structure design.
Mandatory Components of Salary Structure
1. Basic
2. DA
3. HRA
4. Medical Allowance
5. Conveyance Allowance
6. Other Allowance
You can design the salary structure in this way.
Thanks and regards.
From India, Pune
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CCA means City Compensatory Allowance in salary structure design.
Mandatory Components of Salary Structure
1. Basic
2. DA
3. HRA
4. Medical Allowance
5. Conveyance Allowance
6. Other Allowance
You can design the salary structure in this way.
Thanks and regards.
From India, Pune
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Can anybody help me in calculating salary? If CTC is 8500 how to go about calculating salary Basic? HRA? Special allowance? ESI 4.75%? PF 12%? plz its very urgent
From India, Mumbai
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From India, Mumbai
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Dear All,
Thank you very much for your replies.
Dear Atul, could you kindly tell me what DA is and how it is calculated? Medical Allowance is maximum 1250/-. What is the minimum criteria? Can anyone tell me what SBP is? ESI is mandatory for employees with a gross salary of less than 10000/-. What about employees with a higher salary?
Kindly reply.
Regards,
Shweta
From India, Indore
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Thank you very much for your replies.
Dear Atul, could you kindly tell me what DA is and how it is calculated? Medical Allowance is maximum 1250/-. What is the minimum criteria? Can anyone tell me what SBP is? ESI is mandatory for employees with a gross salary of less than 10000/-. What about employees with a higher salary?
Kindly reply.
Regards,
Shweta
From India, Indore
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Dear Shweta,
DA stands for Dearness Allowance, and it is based on inflation. This is revised from time to time as inflation increases.
The maximum permissible limit of deduction under the Income Tax Act, 1961 for Medical allowance is ₹15,000.
If anyone can tell... What is SBP? I don't know.
ESI is mandatory for employees with a gross salary of ≤ ₹15,000.
Give me your email id, and I will send you more details on the same.
From India, Pune
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DA stands for Dearness Allowance, and it is based on inflation. This is revised from time to time as inflation increases.
The maximum permissible limit of deduction under the Income Tax Act, 1961 for Medical allowance is ₹15,000.
If anyone can tell... What is SBP? I don't know.
ESI is mandatory for employees with a gross salary of ≤ ₹15,000.
Give me your email id, and I will send you more details on the same.
From India, Pune
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CCA is City Compensatory Allowance. SBP or SPP?? - Spl. Performance Pay. HRA is not must but beneficial to employees for tax exemption. pon
From India, Lucknow
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From India, Lucknow
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Creating a Competitive Salary Structure.doc
Salary Structure.zip