Iam an HR Generalist in an Engineering Company and my management has entrusted a job in Desining the salary structure and grade for the company. I've worked on few components. Now, I would like to see samples of the salary components and compare with the one I've created. I woud be pleased, if someone could help me in providing me with a sample of structure the salary and usage of their components.
From India, Hyderabad
4From India, Hyderabad
Sample Salary Structure with grades have been attached. If someone could suggest to upgrade the same.
From India, Hyderabad
From India, Hyderabad
Hi.
This was real good one. Please help me in understanding the tax implication of various allowances stated. Whether the allowance given are the maximum amount which would be free from tax implication for employee.
Sundar
This was real good one. Please help me in understanding the tax implication of various allowances stated. Whether the allowance given are the maximum amount which would be free from tax implication for employee.
Sundar
Hai,
Some Suggestions about your salary structure.
In case of Medical Allowance upto 15000 is exempted from income tax if bills are submitted. Medical Allowance is to be paid as reimbursement. For those covered under ESI they will not be paid Medical Allowance
LTA has to be paid as reimbursement.
Thanks
vaitheeswaran
From India, Bangalore
Some Suggestions about your salary structure.
In case of Medical Allowance upto 15000 is exempted from income tax if bills are submitted. Medical Allowance is to be paid as reimbursement. For those covered under ESI they will not be paid Medical Allowance
LTA has to be paid as reimbursement.
Thanks
vaitheeswaran
From India, Bangalore
Hi,
Try to adjust the salary breaks in such a way, that U reduce the Basic Pay and increase Other Allowances like HRA, TA etc., because it gets benefitted by paying less tax.
Regards,
Chandrasekar,
Chennai.
From India, Madras
Try to adjust the salary breaks in such a way, that U reduce the Basic Pay and increase Other Allowances like HRA, TA etc., because it gets benefitted by paying less tax.
Regards,
Chandrasekar,
Chennai.
From India, Madras
Sir i hav seen your posting regarding salary grsdes. Please let me know at ahat time interval you give increments Sherin
From India, Bangalore
From India, Bangalore
Thats a very good piece of material. Can you help me undertsnad on what basis have the grades been categorised. Also, to my knowledge the grades would organisation-specific, isnt it. Please correct me if I am wrong.
Thanks in advance
From India, Hyderabad
Thanks in advance
From India, Hyderabad
Dear Mr. Prabhu ji,
Good contribution. But the formuls were missed. will you please how you are devided from the gross wages / salary to other heads ? If you are giving the formuls on the heads it is very known to every one. If you are having it please post it to me :
Regards,
PBS KUMAR
From India, Kakinada
Good contribution. But the formuls were missed. will you please how you are devided from the gross wages / salary to other heads ? If you are giving the formuls on the heads it is very known to every one. If you are having it please post it to me :
Regards,
PBS KUMAR
From India, Kakinada
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Creating a Competitive Salary Structure.doc
Salary Structure.zip