This is sridharrajan i have been working as HR at engineering firm, My boss is task given and recruiting experienced engineer , the salary is gross 25000. How to break up as per the factory norms.
From United States, Huntsville
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3From United States, Huntsville
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Dear Sridharrajan,
Please find the details in the breakup below; I hope it will be helpful to you.
1. BASIC - 10,025
2. SPECIAL ALLOWANCE - 5,862
3. HRA - 5,013
4. CONVEYANCE - 1,600
5. MEDICAL ALLOWANCE - 1,250
6. UNIFORM ALLOWANCE - 1,250
GROSS SALARY - 25,000
Thank you.
From India, New+Delhi
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Please find the details in the breakup below; I hope it will be helpful to you.
1. BASIC - 10,025
2. SPECIAL ALLOWANCE - 5,862
3. HRA - 5,013
4. CONVEYANCE - 1,600
5. MEDICAL ALLOWANCE - 1,250
6. UNIFORM ALLOWANCE - 1,250
GROSS SALARY - 25,000
Thank you.
From India, New+Delhi
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Dear colleague,
The salary/wages are not governed by the Factories Act. As an HR professional, you should have known this. The break up of salary is based on the company's policy and differs from company to company. However, when breaking it into the various components, one has to consider prevailing income tax exemptions/rebate so that the employee gets a good take-home salary.
Regards,
Vinayak Nagarkar
HR Consultant
From India, Mumbai
Acknowledge(0)Amend(0)
The salary/wages are not governed by the Factories Act. As an HR professional, you should have known this. The break up of salary is based on the company's policy and differs from company to company. However, when breaking it into the various components, one has to consider prevailing income tax exemptions/rebate so that the employee gets a good take-home salary.
Regards,
Vinayak Nagarkar
HR Consultant
From India, Mumbai
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Salary breakup format.xls
Salary Breakup Annexure.doc