We are a Mumbai-based stock broking firm. This is regarding the Salary Structure that my company is following:
- Basic: 67% of CTC
- HRA: 20% of CTC
- City Compensatory Allowance: 13% of CTC
Instead of EPF, there is a deduction of PPF equivalent to one Basic salary of 30 days. Additionally, there is a professional tax deduction of ₹200 per month and ₹2500 per year.
Is this the correct format, or can we make any changes to it? Please share your views on the same; I will be thankful to you.
Thanks
From India, New Delhi
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6- Basic: 67% of CTC
- HRA: 20% of CTC
- City Compensatory Allowance: 13% of CTC
Instead of EPF, there is a deduction of PPF equivalent to one Basic salary of 30 days. Additionally, there is a professional tax deduction of ₹200 per month and ₹2500 per year.
Is this the correct format, or can we make any changes to it? Please share your views on the same; I will be thankful to you.
Thanks
From India, New Delhi
Acknowledge(0)Amend(0)
We are a Mumbai-based stock broking firm. This is regarding the Salary Structure that my company is following:
- Basic: 67% of Take home per annum
- HRA: 20% of Take home per annum
- City Compensatory Allowance: 13% of Take home per annum
Instead of EPF, there is a deduction of PPF equivalent to 1 Basic salary of 30 days. Also, a professional tax deduction of 200/- per month, 2500/- a year.
Is this the correct format, or can we make any changes to it? Please share your views on the same; we will be thankful to you.
CTC = Take home per annum + 1 basic salary of 30 days
Thanks
https://www.citehr.com/460974-regard...#ixzz2TvQmNNu6
From India, New Delhi
Acknowledge(0)Amend(0)
- Basic: 67% of Take home per annum
- HRA: 20% of Take home per annum
- City Compensatory Allowance: 13% of Take home per annum
Instead of EPF, there is a deduction of PPF equivalent to 1 Basic salary of 30 days. Also, a professional tax deduction of 200/- per month, 2500/- a year.
Is this the correct format, or can we make any changes to it? Please share your views on the same; we will be thankful to you.
CTC = Take home per annum + 1 basic salary of 30 days
Thanks
https://www.citehr.com/460974-regard...#ixzz2TvQmNNu6
From India, New Delhi
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Creating a Competitive Salary Structure.doc
Salary Structure.zip