Salary Calculation and HR Formalities
I am new to the HR field and would like to know about the following topics:
• How to calculate the salary of an employee.
• What allowances should be included in the salary calculation?
• What deductions should be included in the salary calculation?
• What is the standard percentage of allowances?
• What is the standard percentage of deductions?
• The format of a basic salary slip.
• What formalities should be taken from the HR side and from the employee side before the distribution of the salary to an employee?
• What records should be maintained for the salary?
• What formalities should I have to keep the salary account in the bank?
• What formalities should I do to deposit and withdraw the salary amount in the bank?
Thanks in advance.
Regards,
Dhayalan Subramanian
From India, Bangalore
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4I am new to the HR field and would like to know about the following topics:
• How to calculate the salary of an employee.
• What allowances should be included in the salary calculation?
• What deductions should be included in the salary calculation?
• What is the standard percentage of allowances?
• What is the standard percentage of deductions?
• The format of a basic salary slip.
• What formalities should be taken from the HR side and from the employee side before the distribution of the salary to an employee?
• What records should be maintained for the salary?
• What formalities should I have to keep the salary account in the bank?
• What formalities should I do to deposit and withdraw the salary amount in the bank?
Thanks in advance.
Regards,
Dhayalan Subramanian
From India, Bangalore
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sir Gross : the totlal of elegible copunds is the gross salary Net : Deductions i.e( PF , ESI, CANTEEN, TRANSPORT ) Minus (-) Gross is called Net salary Regards subbub
From India, Chennai
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From India, Chennai
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Could anyone tell me which part of the fixed salary or gross salary is going to be deducted if we take extra leave or more leave than the assigned casual leave for the month? Will they deduct from the total gross salary, or will they deduct from any one of the basic salary, HRA, DA, or other allowances of the gross salary? I hope you will understand my question.
Regards,
Dhayalan Subramanian.
From India, Bangalore
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Regards,
Dhayalan Subramanian.
From India, Bangalore
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Understanding Base Salary Calculation
How can I calculate the base salary? Is this salary fixed by an employer? I am confused about this. Somebody's saying that it is 50% or 40% of CTC. I do not know how it comes. Can anyone clear my doubt? I mean, I am clear if the basic salary is fixed by an employer. Otherwise, is it calculated from CTC or not? I am getting confused about that.
Thanks,
Regards,
Dhayalan Subramanian
From India, Bangalore
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How can I calculate the base salary? Is this salary fixed by an employer? I am confused about this. Somebody's saying that it is 50% or 40% of CTC. I do not know how it comes. Can anyone clear my doubt? I mean, I am clear if the basic salary is fixed by an employer. Otherwise, is it calculated from CTC or not? I am getting confused about that.
Thanks,
Regards,
Dhayalan Subramanian
From India, Bangalore
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Hi, can anyone guide me about the full details regarding the formalities of salary distribution for an employee? I need to know the following things:
Methods of Salary Distribution
1. Methods of salary provision, such as salary in hand, transfer via bank, etc.
Salary in Hand
2. If it is salary in hand, what are the formalities that should be obtained from the employee?
Bank Transfer
3. If the salary is through the bank account, how can I open the account for him? Should it be a normal bank account or should it be a salary account?
Best Option for Employees and Employers
4. Which one is best for an employee as well as for employers?
Formalities for Opening Accounts
5. What are the formalities that should be taken from an employee for opening either a normal account or a salary account?
Transferring Salary to Accounts
6. How can I transfer the amount to the accounts of an employee? Should I open the account regarding the company then transfer to them?
Opening a Bank Account on Behalf of the Company
7. If I want to open the bank account on behalf of the company, what are the formalities that I should take?
Requirements for Bank Transfers
8. What are the things that I should have with the bank to transfer the amount to the account of the employee?
Regards.
From India, Bangalore
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Methods of Salary Distribution
1. Methods of salary provision, such as salary in hand, transfer via bank, etc.
Salary in Hand
2. If it is salary in hand, what are the formalities that should be obtained from the employee?
Bank Transfer
3. If the salary is through the bank account, how can I open the account for him? Should it be a normal bank account or should it be a salary account?
Best Option for Employees and Employers
4. Which one is best for an employee as well as for employers?
Formalities for Opening Accounts
5. What are the formalities that should be taken from an employee for opening either a normal account or a salary account?
Transferring Salary to Accounts
6. How can I transfer the amount to the accounts of an employee? Should I open the account regarding the company then transfer to them?
Opening a Bank Account on Behalf of the Company
7. If I want to open the bank account on behalf of the company, what are the formalities that I should take?
Requirements for Bank Transfers
8. What are the things that I should have with the bank to transfer the amount to the account of the employee?
Regards.
From India, Bangalore
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SALARY SHEET CALCULATION.xls
Salary calculation.doc
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