Salary calculation
This query is : Resolved
27 September 2008
Can you explain the salary (What basis the salary to give employees for ex: Annual salary is INR 2,00,000 how to split up this one (Basic, DA and all allowance is their is any percentage or what basis.
PIYUSH JAIN
(Expert)
27 September 2008
Dear suresh,
it can be like ....
Basic - 5500
Pf -- 660
HRA - 3750
conveyance- 800
Othre Allowances- 5957
Total --- 16667 * 12 = 200000
it can be like ....
Basic - 5500
Pf -- 660
HRA - 3750
conveyance- 800
Othre Allowances- 5957
Total --- 16667 * 12 = 200000
27 September 2008
it depend from one company to one company way of showing the structure what example given by piyush is one of them
S.Srinivasaraghavan
(Expert)
28 September 2008
The basic can be increased to take advantage of medical reimbursement LTA benefit and PF and SAF benefits, depending upon the policy of the company in extending the benefits.
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