Salary Components - Zip Download

Hi All, I’m a budding HR & new to this forum.Pls help with the salary structure and rules pertaining to salary structure. Regards, Deepu
13th September 2010 From India, Coimbatore

The salary structure is determined based on lot of factors: position, amount of salary, age, marital status, vehicle ownership, nature of residential accomodation, reimbursements (company policies vis a vis employee's convenience), option for LTA etc. Generally accepted structure is:

Basic Pay: 30% to 50% of the Gross Annual Remuneration

HRA: 50% (metro) or 40% (non-metro) of the Basic pay

Transportation Allowance: Rs. 9,600 p.a. (if company does not provide car or Fuel Reimbursement to the employee)

Children Education Allowance: 1200 Rs. p.a. per child subject to maximum of two kids

Special Allowance:

Reimbursements:

I. Medical Reimbursement: Rs. 15000 p.a.

II. Books & Periodicals: Rs. 15000 p.a. (subjective)

III. Leave Travel Allowance: ________ (subjective)

IV. Mobile Bill Reimbursement: (subjective)

V. Mobile Instrument Reimbursement: (subjective)

VI. Annual Bonus: _____ (minimum 8.33% of pay)

VII. Gratuity: _____________ (it could be added as part of the CTC)

VIII. Employer's contribution to PF: 12% of Annual Basic Pay

Like this, there can be lot more heads for paying salary (depending on the taxability).

Regards

SS
13th September 2010

Dear Deepu,
Please find attached few excel sheet containing salary break up.I have downloaded all these from CITEHR only. Also would like to request you to kindly check the forum in details before asking any question as you can get all the details in old posts only.
14th September 2010 From India, Bangalore

Attached Files (Download Requires Membership)

SALARY EXCEL.zip (551.1 KB, 1659 views)

SALARY PDF-PPT.zip (3.03 MB, 717 views)

SALARY WORD.zip (222.4 KB, 709 views)