Hi all,
Can you please guide me on whether basic should be calculated on CTC, which includes all perks and benefits, or if it should be calculated while keeping the perks aside? Also, please let me know how many components can be availed under perks and what the limits are.
I have to prepare a salary structure of Rs 2002004.
Thanks
From Netherlands
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1Can you please guide me on whether basic should be calculated on CTC, which includes all perks and benefits, or if it should be calculated while keeping the perks aside? Also, please let me know how many components can be availed under perks and what the limits are.
I have to prepare a salary structure of Rs 2002004.
Thanks
From Netherlands
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Hi Janal, I have attached a pay structure which will answer all your questions. Cheers.:icon6:
From India, Bangalore
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From India, Bangalore
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Well, in my organization, we take 30-40% of the CTC as the Basic. The percentage of Basic varies depending on the company's contribution towards the PF. As per the minimum wage rate, Basic should be at least 3500 or more. PF is calculated on Basic at 12%.
From India, Bangalore
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From India, Bangalore
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does anyone know of a structure in which incentives are built into the package itself as a variable component, especially for sales employees?
From India, Jaipur
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From India, Jaipur
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Hi, we are planning to restructure the salary structure as it has been different for each employee, due to people changing in accounts and HR.
Well, my question is to you, my friends on CiteHR:
1. While restructuring, the breakup, the basic is reducing, and simultaneously, PF will also reduce. How to handle this?
2. Do we need to inform the PF and ESIC authority?
Please give your suggestions, or you can call me at 9371253336.
Thanks,
Adhieti
From India, Pune
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Well, my question is to you, my friends on CiteHR:
1. While restructuring, the breakup, the basic is reducing, and simultaneously, PF will also reduce. How to handle this?
2. Do we need to inform the PF and ESIC authority?
Please give your suggestions, or you can call me at 9371253336.
Thanks,
Adhieti
From India, Pune
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Hi,
Just need to know whether salary should be calculated for 30 days or only for the working days? In my company, the Accounts Dept people are calculating it only for the working days and there is no pay for the OFF days. Each leave will come under LOP. For example, for 26 working days, the first 26 days will be calculated for 26 days, and if an employee works during their days off, then it will be calculated for 30 days. Is this correct? That is, each employee will get lesser pay if he or she works during their days off.
Please reply. This is very urgent.
From India, Madras
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Just need to know whether salary should be calculated for 30 days or only for the working days? In my company, the Accounts Dept people are calculating it only for the working days and there is no pay for the OFF days. Each leave will come under LOP. For example, for 26 working days, the first 26 days will be calculated for 26 days, and if an employee works during their days off, then it will be calculated for 30 days. Is this correct? That is, each employee will get lesser pay if he or she works during their days off.
Please reply. This is very urgent.
From India, Madras
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Salary structure CTC 15000.xlsx
Creating a Competitive Salary Structure.doc