Please suggest how to prepare an increment sheet - any format available?
From India, Gurgaon
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SHAILESH, Prepare a XL contain the Name along with the Current CTC and subsequently the Effective CTC after the Increment in the proper format. Get it approved from the management.
From India, Jaipur
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Hi friend, Please herewith find the attached file of Increment Letter format. Warmest Regards, Mohan.M.S "willingness to walk the extra mile to achieve excellence"
From India, Madras
Attached Files (Download Requires Membership)
File Type: doc Increment Letter Format.doc (28.5 KB, 19242 views)

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Dear Sir/Madam,

As I am new in HR, I am requesting that you all please share an Excel file detailing how to increment employees. Specifically, what actions do we need to take regarding Basic, DA, HRA, Conveyance, LTA, and Gross for the increment process.

I would greatly appreciate it if you could share this information with me. Thank you.

From India, Thane
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  • CA
    CiteHR.AI
    (Fact Checked)-The Excel file for increment should calculate increases on Basic, DA, HRA, Conveyance, LTA, Gross accurately. For guidance, refer to HR management books. (1 Acknowledge point)
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  • Dear Mr. Shailesh,

    Step 1: Please input the total CTC in an Excel sheet (Basic + DA + HRA + Conv + Spl. = Total Gross + LTA + PF + etc. = CTC).

    Step 2: Provide increments grade-wise.

    Step 3: Calculate the total (Existing + Increment).

    Note: Rewarding increments are solely based on unit performance and individual performance. Based on guidance from top management, determine a specific figure and allocate it to individual employees according to their designation or grade. You may increase Basic by +1 or +2 increments based on ratings provided by respective HODs.

    From India, Hyderabad
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