Hi Mamta,

Hope this link helps you

http://www.taxguru.in/government-policy/main-provisions-of-payment-of-bonus-act-1965-in-brief.html

Regards,
Sahana

Hi Aparna,

You might want to utilize Excel for recurring calculation. You might create a sheet with all the regular heads like Basic pay, HRA, Allowances etc and also deductions like Transport, PF etc. Then include a formula to deduct these from earnings which will allow you to arrive at the taxable for the month. Calculate the same by 12 months (since this is the beginning of the financial year). This will allow you to arrive at the tax amount.

You will be able to arrive at the net salary based on tax amount. I have attached a very basic calculator. Hope this helps.

You can add divisions and customize it. It is just a basic calculator. Do let me know if you need anything else.

Hi Arun,

Thanx for the file. It really helped me

Regards,
Sahana

Thanks a lot Arun

hi binoj,

As per my knowledge, the following authors are good.

Personnel Management. and Industrial Relations: 'Human resource and personnel management' - K.Ashwatappa. Industrial relations: 'Dynamics Of Industrial Relations'- Bhangoo, Kesar Singh
Labour Laws: 'industrial and labour laws'- Jain D.P
Performance Appraisal & Management: 'Performance Appraisal And Compensation' - Goel, Dewakar
Training & Development: 'International Encyclopaedia Of Management Training And Development (Set Of 3 Vols)'- Kumar, Arun
Employee Compensation Syste: Same as performance appraisal
Collective Bargaining: 'Collective Bargaining'- Patel, B R

Do let me know if you need any more information.

Sahana
Competency Based HR

Hi pradeep,

Well the topic brings out the current happenings in the HR world, whether others agree with me or not. This survey is a fact and its time for all the HR professionals to do something about it.

Yes its true that every HR executive or Recruiter openings talks about any graduate or smetimes under graduates also. This is a fact. when there are more than 150 recruitment consulatncies in Bangalore alone, the imagine the demand. Since the demand is more and the supply is less, the alternatives of graduates are approached.

HR professionals like us need to think about leting the youngsters know about the true HR world. Why is Finance and Marketing filed preffered? Cause people know these filed. So instead of thinking that its good that these kind of youngsters are not in the HR world, we need to make them familiar about this.

When u talk about HR, the first and last thing that comes to your mind is RECRUITMENT. we cant really balme anyone because nobody would have heard about Organizational Development or Balanced scorecard etc. I think it becomes truly imporatnt that the importance about HR is made known. Like this very forum which provides us to share and understand complex HR ideas.

HR indeed is a very imporatant filed, but only those who are involved in Core HR know about it. But without HR, there is no thought of growth and development.

But i guess, it will take much more time for India to completely understand and exploit the HR world.

Sahana

Hi Harish,

Thanks for the Input. It really does mean that some in service industries do follow NDA strictly.

Sahana

Hello Rajesh,

The topic is indeed the question of the hour, wat with attrition being high in all sector due to economic downfall.

But as very well said in this topic out of say 10ppl maybe 8ppl state it is the Manager. Well! it might or might not be true.

the only way we are going to find out is to chart down all the possible reasons and then try to eliminate them slowly so that we can reach to a conclusion. Wat if employees are paid well? wat employees are given Extra benefit? Wat if the company goes that extra mile to satisfy an employee? would he still leave? If yes then why.

Coming to the topic of Organizational policies! most of the employees would not even be aware of certain benefit provided until the need arises. The company might claim to be transparent, but do they really spell out the policies in thewy they were intended to?

The debate can go on like this forever. The basic of all these that i believe is a methodical way of identification and elimination of dis-satisfying facotrs ina organization.