Hi Gowda

Hi

The Salary structure varies company to company based on their C & B policies. Some of the common Pay heads used are

1) Basic - 35% - 50% of Gross
2) HRA - 40% of Basic for Non metro & 50% of basic for Metro
3) Con - Max Rs. 800/ P M which is Max of Rs. 9600 P A
4) Medical Reim - Max Rs. 1250 / PM which can be max of Rs 15000 PA
5) Spl Allow - Balance of Gross will be provided as Spl Allow

Statutory
1) PF
Emp Contribution - 12% on Basic
Emp'r Contribution - 13.61% on basic

2) ESI - Applicable to employees whose Gross Salary is less than or equal to Rs.10000
Emp Contribution - 1.75% on Grorss
Emp'r Contribution - 4.75% on Gross

PT - It Varies State to state

Net Salary = Gross - PF (Emp Cont) - ESI (Emp Cont) - PT
CTC = Gross + PF (Emp'r Cont) - ESI (Emp'r Cont)

Gratuity = Basic *15/26 - It is payable to the employee who completes 5yrs of service in the organisation. It can be showed as a part of CTC.

If Employees coming under high Salary Then you can again split up the amount in Spl Allow As

1) Food coupons
2) Car Hire
3) Petrol and Maint for Car
4) LTA


FBT is applicable Apart from LTA.


The Variable Pay % also differs company to company based on the C & B Policy. In my previous organization it is 12.5% of the CTC for all the Dept except Sales. For sales it will be 15%.

Rgds
Kartheka R

Pls find attached

Thanks Kartheka, this is very useful.

Regards
Divya

Thanks Allot kedar

Can you pls specify the what are components we can fix as variable

Regards

Ananda
9845158058

Hey thanks for sharing buddy,keep rocking................