hi,
I am working as HR in electrical company, im new in this industry
I want to prepare salary structure for an Engineer whose gross Salary 25000/-
I'm confuse because our consultant provide me different structure,
So pls suggest me the salary structure,
Regards
Anjali
From India, Mumbai
1I am working as HR in electrical company, im new in this industry
I want to prepare salary structure for an Engineer whose gross Salary 25000/-
I'm confuse because our consultant provide me different structure,
So pls suggest me the salary structure,
Regards
Anjali
From India, Mumbai
Dear Anjali Refere the min wages act uare maintaing wrong salary structure, if u need any calrifications can contact, if u are in Hyd will visit u r office will guide Lakshmi 9866917232
From India, Hyderabad
From India, Hyderabad
Dear all,
our consultant provide me following structure
Is it right??
Pls provide ur comment
Sr. No. Description Amount
Monthly Payment
1 Basic Wages 5800.00
2 Special Allowances 1004.40
A Total 6804.40
3 House Rent Allowances 5% 340
4 Conveyance 1500.00
5 Travelling Allowance 7500.00
6 Other Allowances 8855.00
B Total 25000
Statutory Deduction
1 Provident Fund (@12% ) 817
2 E S I C (@1.75%) Insurance 437
3 Labour Welfare Fund 4.00
4 Professional Tax 200.00
C Total 1458.02
Net Monthaly Payment 23542
Statutory Payment
1 Provident Fund (@13.61% ) 926.08
2 E S I C (@4.75%) Insurance 1187.48
3 Labour Welfare Fund 6.00
D Total 2120
Net Annual Payment
1 Bonus 8.33% 0.00
E Total 0.00
1 Leave Wages 0.00
Gratuity 0.00
F Total 0.00
Direct Cost To Company
Uniform, Shoes 0.00
CTC 27119.18
From India, Mumbai
our consultant provide me following structure
Is it right??
Pls provide ur comment
Sr. No. Description Amount
Monthly Payment
1 Basic Wages 5800.00
2 Special Allowances 1004.40
A Total 6804.40
3 House Rent Allowances 5% 340
4 Conveyance 1500.00
5 Travelling Allowance 7500.00
6 Other Allowances 8855.00
B Total 25000
Statutory Deduction
1 Provident Fund (@12% ) 817
2 E S I C (@1.75%) Insurance 437
3 Labour Welfare Fund 4.00
4 Professional Tax 200.00
C Total 1458.02
Net Monthaly Payment 23542
Statutory Payment
1 Provident Fund (@13.61% ) 926.08
2 E S I C (@4.75%) Insurance 1187.48
3 Labour Welfare Fund 6.00
D Total 2120
Net Annual Payment
1 Bonus 8.33% 0.00
E Total 0.00
1 Leave Wages 0.00
Gratuity 0.00
F Total 0.00
Direct Cost To Company
Uniform, Shoes 0.00
CTC 27119.18
From India, Mumbai
hi,
yes you are right, gross salary is 25000/-.
basic and special allowances is as per minimum wages act.
But , request to all, please suggest me salary structure,
I'm confused about Statutory deduction provided by our consultant .
Regards'
Anjali
From India, Mumbai
yes you are right, gross salary is 25000/-.
basic and special allowances is as per minimum wages act.
But , request to all, please suggest me salary structure,
I'm confused about Statutory deduction provided by our consultant .
Regards'
Anjali
From India, Mumbai
Hi, for calculating CTC employers contribution is required so that our consultant suggest me to take the Statuary payment in salary structure
From India, Mumbai
From India, Mumbai
Dear Anjali, I think your full salary structure is wrong and i dont know how Esi comes for Rs.25000/- in gross. Best Regards, Suresh.K
From Singapore
From Singapore
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