Dear Seniors, I have been appointed as an HR in a private concern, and recently, my MD asked me for a new format of an appointment letter. I have completed it partly, but now I am in need of the salary breakups such as LTA, PF, and other allowances percentage calculation. Therefore, I need all your help to complete the task.
Waiting for your replies.
Thanks
From India, Chennai
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1Waiting for your replies.
Thanks
From India, Chennai
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The salary structure has been decided based on our company environment and for employee IT exceptions. Here are some common components mentioned for your reference:
Salary Components:
- Basic: 35 to 40% of CTC
- HRA: 50% of basic
- Travel Allowance
- Children's education
- Food Allowance, etc.
Benefits:
- PF: 13.61% of basic
- ESI: 4.75% of gross not exceeding 15,000/-
- Reimbursement for IT exemption
Other Benefits:
- Gratuity: 4.8% of basic
- Mediclaim insurance, etc.
Regards,
A. Jerome
From India, Chennai
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Salary Components:
- Basic: 35 to 40% of CTC
- HRA: 50% of basic
- Travel Allowance
- Children's education
- Food Allowance, etc.
Benefits:
- PF: 13.61% of basic
- ESI: 4.75% of gross not exceeding 15,000/-
- Reimbursement for IT exemption
Other Benefits:
- Gratuity: 4.8% of basic
- Mediclaim insurance, etc.
Regards,
A. Jerome
From India, Chennai
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Appointment Letter.docx
Salary breakup format.xls