Hi , i have one question if salary amount is 60k monthly and there is no deduction or pf facility in startup company then what is the breakup of salary. Please help me out.
From India, Pune
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1From India, Pune
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If the posting is in Pune, a tier 2 city, isn't it for a manufacturing company or an office to be under Shops & Commercial Establishments Act? You may consider the following breakdown:
- Basic pay, anywhere between 35% and 50%
- Fixed and variable Dearness Allowance at 20-25%
- House Rent Allowance at 10-15%
- Conveyance reimbursement at 5-8%
- Medical allowance at 2-5%
- If married and having children, Education Allowance at 1-2%
- If a uniform is involved, Uniform Allowance at 1-2%
- Other allowances at 2-5%
You can compare similar compensation structures followed by other firms in your sector.
From India, Bangalore
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- Basic pay, anywhere between 35% and 50%
- Fixed and variable Dearness Allowance at 20-25%
- House Rent Allowance at 10-15%
- Conveyance reimbursement at 5-8%
- Medical allowance at 2-5%
- If married and having children, Education Allowance at 1-2%
- If a uniform is involved, Uniform Allowance at 1-2%
- Other allowances at 2-5%
You can compare similar compensation structures followed by other firms in your sector.
From India, Bangalore
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SALARY with out PF Deduction.xls
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