What Should Be The Basic Da - Xls Download

Hi,
please any one suggest me what should be the percentage of BASIC & DA in CTC,
How to frame the salary statement as per law. please anyone send me the salary statement format.
Currently we have BASIC & DA - 30% on CTC
HRA - 40% on BASIC & DA
CA - 800
MA - 1250
Are we following correctly?
Thanks in advance.
Shakunthala
18th April 2014 From India, Bangalore

Hi,
We would suggest that while fixing the % for Basic + DA, please consider, the same should be satisfying the minimum wages (current).
There is no any legal provisions to fixing the "%" for salary component. The purpose of fixing % is to show the uniformity in salary fixation, irrespective of levels / designations.
We have attached the salary working sheet for your reference, hope this would support you to understand well.
19th April 2014 From India, Chennai

Attached Files (Download Requires Membership)

Salary breakups (excel 2003).xls (38.0 KB, 447 views)

Hi Ms. Shakunthala
As per statutory there is no any fixed % of salary breakups. All we follow those breakup is to optimise the TDS. But as per statutory requirements the basic & DA should not be less than the Karnataka minimum wages act
19th April 2014 From India, Bangalore

Hi You please tell me type of the industry that you work & the location of the office. It varies from industry to industry & location to location.
2nd May 2014 From India, Bangalore

Hi,
Thanks for your reply...
If you dont mind have small doubt on excel what have attached... u have given two statements one with ESI and another without ESI. with ESI - Basic&DA is 40% of CTC
Without ESI - Basic & Da is 50% of CTC ... Y is that two seperate statements?.
2nd May 2014 From India, Bangalore

please send me mail to my ID so that I will share the minimum wages document to you
2nd May 2014 From India, Bangalore