I have been assigned the task of preparing the salary structure for our employees. Could you please advise me on the criteria for categorizing the salary into components such as Basic, HRA, CA, etc.? Additionally, what percentile should I consider in order to determine the basic salary?
Thank you.
From India, Kakinada
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3Thank you.
From India, Kakinada
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Salary Structure Components
- 40% - 50% of Gross Pay as Basic.
- 40% of Basic as HRA in the case of non-metros or 50% of Basic as HRA for metros.
- Medical Assistance: ₹1250/- per month maximum.
- Child Education: ₹100/- per child per month, maximum 2 children.
- Conveyance Allowance: ₹800/- per month maximum.
- LTA: As per company policy.
- Rest as Special Allowance.
Regards.
From India, Lucknow
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- 40% - 50% of Gross Pay as Basic.
- 40% of Basic as HRA in the case of non-metros or 50% of Basic as HRA for metros.
- Medical Assistance: ₹1250/- per month maximum.
- Child Education: ₹100/- per child per month, maximum 2 children.
- Conveyance Allowance: ₹800/- per month maximum.
- LTA: As per company policy.
- Rest as Special Allowance.
Regards.
From India, Lucknow
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Yes, Min wages apply. what is your industry type? Salary structure for staff or workmen? Pon
From India, Lucknow
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From India, Lucknow
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SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx
Delhi Minimum Wages w.e.f. 01.10.2015.pdf