Hi can some one help me out in formulating a leave policy for my company. currently we are having only 12 leaves per month and i wish to revise this. so kindly suggest me the best. Regards, Shravan
From India, Hyderabad
From India, Hyderabad
hi shravan,
You can have 12 C.ls, 20 Earned.Ls or Privilege leaves and 10-12 medical leaves.
Only E.L can be encashed, for /E.L/M.L you can allow accumulation upto 60/90 days.
For probationer 1 C.L per month. maternity leave of 12 weeks shall be as per the labour laws.
in brief while defining the policy please ensure you mention leaves limit and accumulations, prefix/suffix with holidays, encashment details, general instructions like allowing/forwarding authority. Half day leaves, supporting documents in case of medical leave extending beyond 5 days or more, leave without pay, special leaves if any. Study /professional leaves that 's upto the management or can be adjusted from the existing leaves.
Further just type leave rules in goggle and you 'll get more related info.
thanks
From India, Faridabad
You can have 12 C.ls, 20 Earned.Ls or Privilege leaves and 10-12 medical leaves.
Only E.L can be encashed, for /E.L/M.L you can allow accumulation upto 60/90 days.
For probationer 1 C.L per month. maternity leave of 12 weeks shall be as per the labour laws.
in brief while defining the policy please ensure you mention leaves limit and accumulations, prefix/suffix with holidays, encashment details, general instructions like allowing/forwarding authority. Half day leaves, supporting documents in case of medical leave extending beyond 5 days or more, leave without pay, special leaves if any. Study /professional leaves that 's upto the management or can be adjusted from the existing leaves.
Further just type leave rules in goggle and you 'll get more related info.
thanks
From India, Faridabad
496
yeh amit can u suggest me where can i get the current salary standards for various positions in a mid sized IT companies (strenght of 80)
From India, Hyderabad
From India, Hyderabad
Welcome Shravan,
The contents of the salary break up is as below, you can prepare it at the suitability of your own. HRA would be 50 or 60% of basic.
Basic
HRA
CCA - 825/- is exempted from tax
Other Allowance
Mobile Reimbursement
Medical Reimbursement of 1250/month is exempted from tax
Gross Per Month = Sum of all the above.
Gross Per Annum= 12*Gross/Month
PF Contribution= 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.
Getting more than this will be covered under Mediclaim or it depends on company policy
EX-Gratia/Bonus = A fixed amount as Bonus
Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC.
Apart from this Food coupons, Holiday package and Furnishing items are included in their CTC.
Hope it may give some input in your bench marking.. to some extent.
Regards,
Amit Seth.
From India, Ahmadabad
The contents of the salary break up is as below, you can prepare it at the suitability of your own. HRA would be 50 or 60% of basic.
Basic
HRA
CCA - 825/- is exempted from tax
Other Allowance
Mobile Reimbursement
Medical Reimbursement of 1250/month is exempted from tax
Gross Per Month = Sum of all the above.
Gross Per Annum= 12*Gross/Month
PF Contribution= 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.
Getting more than this will be covered under Mediclaim or it depends on company policy
EX-Gratia/Bonus = A fixed amount as Bonus
Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC.
Apart from this Food coupons, Holiday package and Furnishing items are included in their CTC.
Hope it may give some input in your bench marking.. to some extent.
Regards,
Amit Seth.
From India, Ahmadabad
Hiii Shravan!!!!!!!1 I hope this File will Solve ur problem in formulating Leave Policy. Hope u’ll Like it. Akshita :lol:
From India, Chandigarh
From India, Chandigarh
Dear Amit, Can you please guide me on leave policies & labour rules in Dubai. reg Rajeshwari
From United Arab Emirates, Dubai
From United Arab Emirates, Dubai
Dear Amit Sir,
Please let me know from where we can get the up date rates as you have calculated HRA 50% of 60% Basic & Limit of Medical Reimbursement etc.
Awaiting for your reply.
Regards,
Rahul Tiwari
From India, Ambala
Please let me know from where we can get the up date rates as you have calculated HRA 50% of 60% Basic & Limit of Medical Reimbursement etc.
Awaiting for your reply.
Regards,
Rahul Tiwari
From India, Ambala
Hi Rahul,
Actually regarding HRA, it differs from company to company.. it remain in between 30 to 60%... there is no any calculation..
Regarding Medical reimbursement, upto 1250/- rupees is exempted from tax.. thats why people prefer to keep it @ 1250/- rupees for the same.. to get it credit in your account, you are required to produce the medical bill of the same amount..
Regards,
Amit Seth.
From India, Ahmadabad
Actually regarding HRA, it differs from company to company.. it remain in between 30 to 60%... there is no any calculation..
Regarding Medical reimbursement, upto 1250/- rupees is exempted from tax.. thats why people prefer to keep it @ 1250/- rupees for the same.. to get it credit in your account, you are required to produce the medical bill of the same amount..
Regards,
Amit Seth.
From India, Ahmadabad
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Leave policies.doc
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