Hello,
I need a help on salary structure in India.
I means basic tax deductions. like professional tax, PF etc please provide me a clear structure, lets say an employee gets 20,000/- as salary, what will be his in hand salary after all deductions.
please help me out.
From India, Indore
3I need a help on salary structure in India.
I means basic tax deductions. like professional tax, PF etc please provide me a clear structure, lets say an employee gets 20,000/- as salary, what will be his in hand salary after all deductions.
please help me out.
From India, Indore
Hi
you should follow some standards followed by industry. it is not clear which for industry you are looking for.
Normally, the basic would 40% (annual salary) , HRA 40% of Basic, it may differ from metro and non metros, rest you may create like coveyance, sepcial allownce. your structure should simple and covenient . Deductions like PF 12% on basic, Proff Tax will attract for this salary of Rs.20K pm, if you say monthly salary , your company may have commitment towards employer share of PF, Bonus, Gratuity, any insurance covers should also be taken into consideration for arriving Cost to Company . this help in building a salary structure
From India, Hyderabad
you should follow some standards followed by industry. it is not clear which for industry you are looking for.
Normally, the basic would 40% (annual salary) , HRA 40% of Basic, it may differ from metro and non metros, rest you may create like coveyance, sepcial allownce. your structure should simple and covenient . Deductions like PF 12% on basic, Proff Tax will attract for this salary of Rs.20K pm, if you say monthly salary , your company may have commitment towards employer share of PF, Bonus, Gratuity, any insurance covers should also be taken into consideration for arriving Cost to Company . this help in building a salary structure
From India, Hyderabad
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Creating a Competitive Salary Structure.doc
INDIA SALARY HANDBOOK 2008 - 09.pdf