charu1605
Hai all i want to know the best salary structure or a salary bifurcation for manufacturing Pvt. Ltd. company. Please help me. Thanks and Regards, Charu Gupta
From India, Delhi
Amitmhrm
496

Hi Charu,

The components of the salary break up may be as below, you can prepare it at the suitability of your own. HRA would be 40 or 50% of basic.

Basic

HRA 40 - 50% is exempted from Taxes, depends on class of city

CCA - 825/- is exempted from tax

Other Allowance

Mobile Reimbursement

Medical Reimbursement of 1250/month is exempted from tax

Gross Per Month = Sum of all the above.

Gross Per Annum= 12*Gross/Month

PF Contribution= 12% of Basic/Annum

ESI Contribution = 4.75% of Gross/Annum

Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.

Getting more than this will be covered under Mediclaim or it depends on company policy

EX-Gratia/Bonus = A fixed amount as Bonus

Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia

Annual Total Cost = AFGC + PF+ESIC

Annual total cost is also called as CTC.

Apart from this Food coupons, Holiday package and Furnishing items are included in their CTC.

Hope it must helped you to clear your queries up to some extent.

Regards,

Amit Seth.

From India, Ahmadabad
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