Hi friends,
Currently, my company follows the following salary structure:
- Basic
- HRA
- Conveyance
- Other Allowance
Kindly provide me the guidelines for percentage fixing for the above breakup. What are the rules governing percentage fixing?
What other salary structure could be followed?
Thanks,
Uma
From India, Madras
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2Currently, my company follows the following salary structure:
- Basic
- HRA
- Conveyance
- Other Allowance
Kindly provide me the guidelines for percentage fixing for the above breakup. What are the rules governing percentage fixing?
What other salary structure could be followed?
Thanks,
Uma
From India, Madras
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Dear Friend,
Regarding the Salary Structure Break-up, the general view is as follows:
Salary from the CONSOLIDATED PACKAGE:
BASIC: Rs. 60%
D.A.: Rs. 20%
HRA: Rs. 15%
OTHERS: Rs. 5%
TOTAL: Rs. 100%
However, the structure depends on factors such as I.T. Tax deductions, etc., taken into consideration.
PBS KUMAR
From India, Kakinada
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Regarding the Salary Structure Break-up, the general view is as follows:
Salary from the CONSOLIDATED PACKAGE:
BASIC: Rs. 60%
D.A.: Rs. 20%
HRA: Rs. 15%
OTHERS: Rs. 5%
TOTAL: Rs. 100%
However, the structure depends on factors such as I.T. Tax deductions, etc., taken into consideration.
PBS KUMAR
From India, Kakinada
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Hi, the above discussion is incorrect. I'm sorry to say this. Please find below the details for the salary breakup:
Salary Breakup Details
- Basic: 30 to 40% of CTC
- HRA: 50% of Basic
- Conveyance: 800
- Medical Reimbursement: 1250
- Special Allowance: Balance CTC
Regards,
Rajesh Kumar
From India, Hyderabad
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Salary Breakup Details
- Basic: 30 to 40% of CTC
- HRA: 50% of Basic
- Conveyance: 800
- Medical Reimbursement: 1250
- Special Allowance: Balance CTC
Regards,
Rajesh Kumar
From India, Hyderabad
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On all the above discussions, Rajesh_smiles86 has provided correct calculations. But, Rajesh, please make a note that it is not CTC as mentioned by you; it is Gross. CTC includes employer PF and ESI contributions, insurance, bonus, etc.
Conveyance can be taken as 800/- or 1600/- (fixed). Medical Reimbursement is fixed at 1250.
Hope this helps in clearing your doubt.
Regards
From India, Bengaluru
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Conveyance can be taken as 800/- or 1600/- (fixed). Medical Reimbursement is fixed at 1250.
Hope this helps in clearing your doubt.
Regards
From India, Bengaluru
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Salary & Compensation Guidelines.zip
Salary Break Up.xlsx