Dear Friends,
I have joined as a HrR with a Manufacturing company whose operations will be started in near future. This company is located in B class town in Andhra parades. I want suggestions in Preparing Salary components and salary structure. I need Clarification on following.
Thanks & Regards,
Deepti Bandi.
From India, Hyderabad
I have joined as a HrR with a Manufacturing company whose operations will be started in near future. This company is located in B class town in Andhra parades. I want suggestions in Preparing Salary components and salary structure. I need Clarification on following.
- On what bases Dearness allowance is calculated??? Is it a compulsory component? If it is soo, what should the calculation.
- Employees will be provided transportation facility…… will conveyance component applicable in this case.
Thanks & Regards,
Deepti Bandi.
From India, Hyderabad
Hi Deepti.
My self Venkat,
As per the factories act Basic & DA will be decided as ur are working in a manufacturing company ur company will comeunder factories act.
The other componeents like HRA TA CCA etc.. will be decided by the management
All the satatuatory things like PF ESI PT are mandatory as per the ACT.
I hope this will give u an idea to prepare salary components and salary structure.
Regards,
Venkat
9885688919
Feel free to call me for any clarifications.
From India, Hyderabad
My self Venkat,
As per the factories act Basic & DA will be decided as ur are working in a manufacturing company ur company will comeunder factories act.
The other componeents like HRA TA CCA etc.. will be decided by the management
All the satatuatory things like PF ESI PT are mandatory as per the ACT.
I hope this will give u an idea to prepare salary components and salary structure.
Regards,
Venkat
9885688919
Feel free to call me for any clarifications.
From India, Hyderabad
thanks a Lot for the inputs provided Mr. Venkat.And i have one more doubt. i have seen organizations deduct 12% of basic as pf irespective of their basic. where as in few companies they deduct 12% or Rs.750 which ever may be is lowest. how we have to decide on this??
From India, Hyderabad
From India, Hyderabad
Hi,
Deeeti Good Evening,
No mention for the above .
Deepti the query which u asked about the 12 % pf is manadatory as per the act in any organisation .
Basic condition is if the employees basic exceeds Rs.6500/- it is the company's management decesionto provide maximum pf deduction.
i.e. if the employee is Rs.10000/- as per the pf act his pf contribution is Rs.780/- ( 6500*12% ) where as if the management willing to pay maximum pf his pf contribution will be Rs.1200/- ( 10000/-*12%).
This is for your kind information.
Regards
Venkat
From India, Hyderabad
Deeeti Good Evening,
No mention for the above .
Deepti the query which u asked about the 12 % pf is manadatory as per the act in any organisation .
Basic condition is if the employees basic exceeds Rs.6500/- it is the company's management decesionto provide maximum pf deduction.
i.e. if the employee is Rs.10000/- as per the pf act his pf contribution is Rs.780/- ( 6500*12% ) where as if the management willing to pay maximum pf his pf contribution will be Rs.1200/- ( 10000/-*12%).
This is for your kind information.
Regards
Venkat
From India, Hyderabad
Hi ashwini ,
I just want to know were are u working, if u are working in a manufacturing industry ur company structure will come under factories act.
please go through the act.
Regards
Venkat
9949577142
From India, Hyderabad
I just want to know were are u working, if u are working in a manufacturing industry ur company structure will come under factories act.
please go through the act.
Regards
Venkat
9949577142
From India, Hyderabad
Dear Deepti,
1. Dearness Allowance amount is declared twice a year. As on 31st March and 30th September every year, as a ritual. Labour department does it. I advice you to view the same in "Shops and Establishments Act" "Labour department of AP" web site for updates.
From India, Hyderabad
1. Dearness Allowance amount is declared twice a year. As on 31st March and 30th September every year, as a ritual. Labour department does it. I advice you to view the same in "Shops and Establishments Act" "Labour department of AP" web site for updates.
From India, Hyderabad
Dear Deepti Bandi,
1. Dearness Allowance is not calculated by an individual organisation.
2. DA is dependent on Cost of Index or Cost of living in the given area.
3. Arriving at DA is a continuous process based on price movements of certain defined food items etc.
4. Adopt the DA declared under shops and establishments act,
5. view the web site of Labour department of AP to know the uptodate DA rates / amounts
6. DA us revised twice a year on 31st March & 30th Sept.
7. DA component is not compulsory in the pay structure. However, you must ensure the Pay is more than the minimum wages which includes DA.
Hope you are amply clarified.
V V Prasad CS
From India, Hyderabad
1. Dearness Allowance is not calculated by an individual organisation.
2. DA is dependent on Cost of Index or Cost of living in the given area.
3. Arriving at DA is a continuous process based on price movements of certain defined food items etc.
4. Adopt the DA declared under shops and establishments act,
5. view the web site of Labour department of AP to know the uptodate DA rates / amounts
6. DA us revised twice a year on 31st March & 30th Sept.
7. DA component is not compulsory in the pay structure. However, you must ensure the Pay is more than the minimum wages which includes DA.
Hope you are amply clarified.
V V Prasad CS
From India, Hyderabad
Deepthi
Iam consultant from Hyderabad, I belong to Coastal AP. If your management is ok for getting the things done through consultant, let me know.
I'll setup --- from policy framing to end-end hr department which even includes training.
you can reach me @
, +91 92937 45423.
Cheers
Karthik Nayudu
From India, Hyderabad
11Iam consultant from Hyderabad, I belong to Coastal AP. If your management is ok for getting the things done through consultant, let me know.
I'll setup --- from policy framing to end-end hr department which even includes training.
you can reach me @
Cheers
Karthik Nayudu
From India, Hyderabad
Dear Deepti
First of all, DA will be applicable in case of pay roll worker only working on the plant. It will not be applicable for the employee. It will be calcualted on the basis of figure of Consumer Price Index which u will get it from The Employers Association based in your district only.
From India, Kanpur
First of all, DA will be applicable in case of pay roll worker only working on the plant. It will not be applicable for the employee. It will be calcualted on the basis of figure of Consumer Price Index which u will get it from The Employers Association based in your district only.
From India, Kanpur
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