Hi,
As i am new to HR Generalist role, i would like to know the salary break ups or salary calculation of an employee in the organisation.
what is the standard percetage to calculate the basic, PF, HRA, LOP etc mentioned in the payslips.
I would we thankful to recieve the proper information regarding the above mentioned query
From India, Bangalore
As i am new to HR Generalist role, i would like to know the salary break ups or salary calculation of an employee in the organisation.
what is the standard percetage to calculate the basic, PF, HRA, LOP etc mentioned in the payslips.
I would we thankful to recieve the proper information regarding the above mentioned query
From India, Bangalore
Hi,
We are a manufacturing company in Tamilnadu employing about 40 people in total out of which 20 are workmen category.
I am mentioning below how we have broken up salary for workmen. I dont know if iam perfectly right. Hope this helps. Experts in this site can advise better. Thanks.
Eg;
GROSS=10500
Basic= 50% * 10500 = 5250
DA= 20% * 10500 = 2100
HRA = 10500-5250-2100=3150
LOP for 1 day absent = 10500/26=403.84
From India, Madras
2We are a manufacturing company in Tamilnadu employing about 40 people in total out of which 20 are workmen category.
I am mentioning below how we have broken up salary for workmen. I dont know if iam perfectly right. Hope this helps. Experts in this site can advise better. Thanks.
Eg;
GROSS=10500
Basic= 50% * 10500 = 5250
DA= 20% * 10500 = 2100
HRA = 10500-5250-2100=3150
LOP for 1 day absent = 10500/26=403.84
From India, Madras
Hi,
Now a days in tamilnadu the PF enforcing officer enforcing every company to split the wages in following manner...our company also start to follow this method..If any thing less than 60% of basic from gross will land you in trouble...
Basic - 60%
HRA - 20%
Other Allowances - 20%
Total Gross - 100%
Regards
Madhan
From India, Delhi
Now a days in tamilnadu the PF enforcing officer enforcing every company to split the wages in following manner...our company also start to follow this method..If any thing less than 60% of basic from gross will land you in trouble...
Basic - 60%
HRA - 20%
Other Allowances - 20%
Total Gross - 100%
Regards
Madhan
From India, Delhi
Dear Bhavya, Breakup varies from organization to organizations. Generally Basic=(30%-40% of CTC) ; HRA=(40%-60% of Baisc) ; PF is 12% of Basic monthly salary. LOP depends on policy what you have got.
From India, Bangalore
From India, Bangalore
Dear reader,
it all depends what salary and other perks are applicable. Generally there are only two fractions basic @60% of total emoluments and balance @40% if there are no d.a. / v.d.a. Out of rest 40% divide as 40% h.r.a. Rest calaculate for conveyance allowance, children education allowance and new paper & magazine allowance etc. Etc. Where in the tax liability will also taken care of.
From India, New Delhi
it all depends what salary and other perks are applicable. Generally there are only two fractions basic @60% of total emoluments and balance @40% if there are no d.a. / v.d.a. Out of rest 40% divide as 40% h.r.a. Rest calaculate for conveyance allowance, children education allowance and new paper & magazine allowance etc. Etc. Where in the tax liability will also taken care of.
From India, New Delhi
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