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HR Zone » Compensation and Benefits » Standard Salary Structure

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Standard Salary Structure
Ananda Gowda
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Posted 03-11-2009Reply

Dear all,



can you pls send me salary structure how do you follow in your organisation. Structrure on the basis of CTC annual and Monthly also i want to know what are the % we can / should fix as fixed components and what the % we can fix as variable components ( this will be depends on compnay profit and team performane ) if you have stanmdard excell format pls send me to gowdaananda.08@gmail.com thnaks regards

Kartheka
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  Rated +13 | Posted 03-11-2009

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

Kedar
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  Rated +4 | Posted 03-11-2009

Hi All.. attaching basic model of salary structure..
Keep Rocking..

-Kedar

Attached Files
1COMP & BEN.xls (31.0 KB, 2199 views)
HR Breeze
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  Rated +4 | Posted 04-11-2009

Pls find attached

Attached Files
Salary Structure.xls (18.5 KB, 2085 views)
Latha
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  Rated -1 | Posted 04-11-2009

thanks for sharing

Divya
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  Rated +1 | Posted 04-11-2009

Hi Gowda



Hi



The Salary structure varies company to company based on t... See Kartheka's complete reply


Thanks Kartheka, this is very useful.

Regards
Divya

Ananda Gowda
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  Rated +1 | Posted 04-11-2009

Hi Gowda



Hi



The Salary structure varies company to company based on t... See Kartheka's complete reply


Thanks ya

but i want to know Specifically wht are the components variable

Can you let me know variable components

Regards

Ananda

Ananda Gowda
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  Rated +1 | Posted 04-11-2009

Hi All.. attaching basic model of salary structure..

Keep Rocking..



-Kedar


Thanks Allot kedar

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

Regards

Ananda
9845158058

Kedar
Kedar Picture
113 Posts
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  Rated +1 | Posted 05-11-2009

Dear Ananda,

Attached herewith file the cells in Green are variable components as per the company policy, Hope this will solve ur trouble..

Attached Files
1COMP & BEN.xls (31.0 KB, 802 views)
Koti
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29 Posts
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  Rated 0 | Posted 05-11-2009

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

Ananda Gowda
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13 Posts
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  Rated 0 | Posted 06-11-2009

Dear Ananda,



Attached herewith file the cells in Green are variable components as pe... See Kedar's complete reply


Thanks Allo Kedar



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