I am new HR professional joined a company. so pls. tell me how to prepare salary structure / offer letter..
From India, Pune
2From India, Pune
Hi jigskd,
Salary Structure normally varies from City to city and company to company. But in general terms below are few instructions to follow while preparing Salary Structure :
Basic = ( 40% of Monthly gross figure arrived from : Total CTC - Annual Perfomance bonus / incentive ( if any )-Noncash Item )
HRA = 40% of Basic + DA ( if Applicable ) for Non-Metro Cities & 50% of Basic + DA for Metro Cities.
Attire = 300 p.m
Conveyance = 800p.m
child Education Allowance = 200p.m
Medical = 1250p.m
Special Allowance = Remaining amount of Total monthly gross
Addition : Monthly non cash value
Addition : Annual pay -outs
Total Monthly gross + Non cash + Annual pay-out gives u Total CTC back.
Kindly revert if u still have any query.
Apeksha.
HR Professional.
From India, Mumbai
Salary Structure normally varies from City to city and company to company. But in general terms below are few instructions to follow while preparing Salary Structure :
Basic = ( 40% of Monthly gross figure arrived from : Total CTC - Annual Perfomance bonus / incentive ( if any )-Noncash Item )
HRA = 40% of Basic + DA ( if Applicable ) for Non-Metro Cities & 50% of Basic + DA for Metro Cities.
Attire = 300 p.m
Conveyance = 800p.m
child Education Allowance = 200p.m
Medical = 1250p.m
Special Allowance = Remaining amount of Total monthly gross
Addition : Monthly non cash value
Addition : Annual pay -outs
Total Monthly gross + Non cash + Annual pay-out gives u Total CTC back.
Kindly revert if u still have any query.
Apeksha.
HR Professional.
From India, Mumbai
hi friend i m sending you a cv formate,it may helpful to you... plz find attachment.
From India, Mumbai
From India, Mumbai
Hi,
See for a typical salary structure we have..
basic (40 -60%)
HRA(40 % for non metro and 50 % for metro cities)
Conveyance - 800 (fixed)
Medical Reimbursement - 1250 (fixed)
LTA - one month basic
Special allowance - Gross - (basic + HRA+ conv. Medical All.+LTA)
Gross+ Employer contribution towards PF, ESI and Gratuity = CTC.
Hope this will help you.
Aks
From India, Hyderabad
See for a typical salary structure we have..
basic (40 -60%)
HRA(40 % for non metro and 50 % for metro cities)
Conveyance - 800 (fixed)
Medical Reimbursement - 1250 (fixed)
LTA - one month basic
Special allowance - Gross - (basic + HRA+ conv. Medical All.+LTA)
Gross+ Employer contribution towards PF, ESI and Gratuity = CTC.
Hope this will help you.
Aks
From India, Hyderabad
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Salary-Note.doc
SALARY SHEET CALCULATION.xls