Hi everyone, It would be of great help if any one can share a basic idea on salary breakup with various components and deductions made with % of deductions from which part... regards.. Soumajit.
From India, Kolkata
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From India, Kolkata
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Salary breakup considerations
Salary breakup is not a simple approach. It varies with the level of salary, including IT-friendly pockets, PF compliance, ESI compliance, Minimum Wages compliance, cost of Gratuity, Bonus Act compliance, etc., and ultimately the Total Cost to Company. It also varies from organization to organization. You may study the salary breakup of a similar type of organization and then try your best to take a scientific approach for your own organization.
Regards, S K Bandyopadhyay
From India, New Delhi
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367Salary breakup is not a simple approach. It varies with the level of salary, including IT-friendly pockets, PF compliance, ESI compliance, Minimum Wages compliance, cost of Gratuity, Bonus Act compliance, etc., and ultimately the Total Cost to Company. It also varies from organization to organization. You may study the salary breakup of a similar type of organization and then try your best to take a scientific approach for your own organization.
Regards, S K Bandyopadhyay
From India, New Delhi
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ESI Employee Share @12% on Gross Salary EPF Employee Share on Basic+DA+VDA@12% PT as Per Slab
From India, New Delhi
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From India, New Delhi
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
Salary Breakup Annexure.doc