HI,
I HOPE THIS HELPS MY FREINDS.
COMPENSATION AND PAY ROLL ARE MY WEAKEST AREA.
BUT HOPE MY FRIENDS FIND THE SAME USEFUL
THANK YOU
OCTAVIOUS
For various links to my posts, kindly visit the links provide herein below
https://www.citehr.com/99968-major-hr-links.html
From India, Mumbai
576I HOPE THIS HELPS MY FREINDS.
COMPENSATION AND PAY ROLL ARE MY WEAKEST AREA.
BUT HOPE MY FRIENDS FIND THE SAME USEFUL
THANK YOU
OCTAVIOUS
For various links to my posts, kindly visit the links provide herein below
https://www.citehr.com/99968-major-hr-links.html
From India, Mumbai
Hi Octavious,
You have a done good job in making the formats which are correct. Basic salary which is 59% of the ctc is on the higher side as industry standards veers towards 45-50% and also you can include the tax free components like meal vouchers of Accor or Sodexho which is exempted upto Rs 50 per day.
Would recommend that you read the Tax manual on components on Salaries Heads to provide better insight.
In Full n final settlement, you have to include the PF deduction on leave encashment ( PL/EL) which is statutory requirement.
Chak De India!!
Rajat Joshi
From India, Pune
You have a done good job in making the formats which are correct. Basic salary which is 59% of the ctc is on the higher side as industry standards veers towards 45-50% and also you can include the tax free components like meal vouchers of Accor or Sodexho which is exempted upto Rs 50 per day.
Would recommend that you read the Tax manual on components on Salaries Heads to provide better insight.
In Full n final settlement, you have to include the PF deduction on leave encashment ( PL/EL) which is statutory requirement.
Chak De India!!
Rajat Joshi
From India, Pune
Dear Rajat,
My field of expertise is Strategic HR and Employee Relation.
Compensation and Benefit is the last thing I would ever deal in with, as I am very bad with numbers.
The above postings are some material I collected over a period of time from various sources.I would request if you could then download the same and rectify it, as it would help lots of people, because I am not the right person do do the same, but form your advise I believe that you have good and very in depth knowledge regarding the same.
With Regards
OCTAVIOUS
From India, Mumbai
My field of expertise is Strategic HR and Employee Relation.
Compensation and Benefit is the last thing I would ever deal in with, as I am very bad with numbers.
The above postings are some material I collected over a period of time from various sources.I would request if you could then download the same and rectify it, as it would help lots of people, because I am not the right person do do the same, but form your advise I believe that you have good and very in depth knowledge regarding the same.
With Regards
OCTAVIOUS
From India, Mumbai
Hi, Thanks for your attachments they were helpful ..can u provide me with some appraisal formats for my sales guys....assessment sheets...... Regards, Muskan
From India, Indore
From India, Indore
Dear Octavious,
Great to know that and it is enlightening to read your postings as well.!
If you ask me frankly , you have done a fairly good job notwithstanding your equations with numbers! :D Guess if one trys sincerly everything is within reach and become savvy as well.
Well, i have attempted to redefine the compensation structure in sheet comp-structure for the salary structure of Rs 2.75 Lacs p.a. which is fairly okay and balances with the FBT and Indian Tax laws after all there are two things certain -----> Death and TAXES!! :)
Fuel and entertainment expenses should be kept out of purview of the structure as they attract FBT - the logic is simple either the employee pays tax by way of perks or FBT by the company but not both!.
Best Regards,
Rajat Joshi
From India, Pune
Great to know that and it is enlightening to read your postings as well.!
If you ask me frankly , you have done a fairly good job notwithstanding your equations with numbers! :D Guess if one trys sincerly everything is within reach and become savvy as well.
Well, i have attempted to redefine the compensation structure in sheet comp-structure for the salary structure of Rs 2.75 Lacs p.a. which is fairly okay and balances with the FBT and Indian Tax laws after all there are two things certain -----> Death and TAXES!! :)
Fuel and entertainment expenses should be kept out of purview of the structure as they attract FBT - the logic is simple either the employee pays tax by way of perks or FBT by the company but not both!.
Best Regards,
Rajat Joshi
From India, Pune
Hi Octavious,
Iam really thankful to you for mailing the material with salary break up. Even Iam not not an expert in compensation management. I was really in need of information for structuring the breakup for 2lacs, 1.25 lacs, 85k & 70 K. I had even posted my query but it was futile as i din get any useful & reasonable responses.
Thanks a lot once again..
keep sharing..
From India
Iam really thankful to you for mailing the material with salary break up. Even Iam not not an expert in compensation management. I was really in need of information for structuring the breakup for 2lacs, 1.25 lacs, 85k & 70 K. I had even posted my query but it was futile as i din get any useful & reasonable responses.
Thanks a lot once again..
keep sharing..
From India
Dear All,
Greetings for the day.........
i will be thankful to you if anyone responds to me for my query
As i want to the esi and pf deductions and even the half yearly and annual
returns that will be done by any common organisation. :?
From India, Madras
Greetings for the day.........
i will be thankful to you if anyone responds to me for my query
As i want to the esi and pf deductions and even the half yearly and annual
returns that will be done by any common organisation. :?
From India, Madras
Greetings: Does anybody have a Full and Final Settlement Policy? Please do share one with me as I am in need of one very urgently. Thank you very much in advance. Abdul Rozak
Can any one help me with a copy of Check list of payroll processing pls. what has to be taken care while processing salary for a month.
From India, Bangalore
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Salary slip final.xls
Salary slip.doc