Provident Fund (PF) Deduction
Is PF required to be deducted for all employees? So far, for those whose basic pay is less than 6500, we have considered 12% of the basic pay as the employer's contribution.
Gratuity Deduction
Should gratuity be deducted for all employees?
Understanding Variable Pay
Please suggest what variable pay is and whether it is applicable to all employees or limited to specific profiles/designations.
Total Cost to the Company (TCTC)
- What is TCTC (Total Cost to the Company)?
- What is CTC?
- What is Gross?
Retention Incentive
Is there any component like "Retention Incentive" that can be calculated as 8.33% of the basic salary?
Leave Travel Allowance (LTA)
What percentage should we consider for LTA? (From Basic or from CTC)
Children's Education Allowance
What percentage should we consider for Children's Education? (From Basic or from CTC) Please suggest with an example.
From India, Hyderabad
Acknowledge(0)
Amend(0)
Is PF required to be deducted for all employees? So far, for those whose basic pay is less than 6500, we have considered 12% of the basic pay as the employer's contribution.
Gratuity Deduction
Should gratuity be deducted for all employees?
Understanding Variable Pay
Please suggest what variable pay is and whether it is applicable to all employees or limited to specific profiles/designations.
Total Cost to the Company (TCTC)
- What is TCTC (Total Cost to the Company)?
- What is CTC?
- What is Gross?
Retention Incentive
Is there any component like "Retention Incentive" that can be calculated as 8.33% of the basic salary?
Leave Travel Allowance (LTA)
What percentage should we consider for LTA? (From Basic or from CTC)
Children's Education Allowance
What percentage should we consider for Children's Education? (From Basic or from CTC) Please suggest with an example.
From India, Hyderabad
Acknowledge(0)Amend(0)
Please help me to need breakup salary for unskilled worker in tamilnadu. Like Basic,DA, HR, ESIC, EPF. Please send me the break up. Thanks/ Regards. A.MICHAEL
From India, Madras
Acknowledge(0)Amend(0)
1From India, Madras
Acknowledge(0)Amend(0)
Please refer to my post below. It will give you a fair idea of the salary structure and breakdown. For any further clarification, feel free to write or discuss.
https://www.citehr.com/375340-salary...ml#post1918112
From India, Mumbai
Acknowledge(0)Amend(0)
https://www.citehr.com/375340-salary...ml#post1918112
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Salary breakup format.xls
Employee Benefits.doc