Hi all, Please help me on this... Once the company decides on your package... can we ask them to pay the salary in required structure. Thank You, Chithranjan
From India, Madras
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1From India, Madras
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Salary Structure
For the lower-level employees, the broad guidelines include:
- Base salary
- Dearness allowance
- Bonus for performance (if any)
- Overtime payment
Normally, these are shown in the payment slip.
For the senior levels, it is:
- Total salary
Regards,
LEO LINGHAM
From India, Mumbai
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For the lower-level employees, the broad guidelines include:
- Base salary
- Dearness allowance
- Bonus for performance (if any)
- Overtime payment
Normally, these are shown in the payment slip.
For the senior levels, it is:
- Total salary
Regards,
LEO LINGHAM
From India, Mumbai
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Hi Chittaranjan,
As per your email, my understanding is that you have been provided with a structure and you would like it to be altered.
If my understanding is correct, then the answer is: It purely depends on what kind of relationship you have with the concerned HR person and how helpful they are. Generally, people seek to alter the structure to save on taxes. In such a scenario, most companies would assist employees in adjusting their salary structure to save them some money. However, the total amount payable would remain unchanged.
Regards,
RAM
pippallaram@sify.com
From India, Hyderabad
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As per your email, my understanding is that you have been provided with a structure and you would like it to be altered.
If my understanding is correct, then the answer is: It purely depends on what kind of relationship you have with the concerned HR person and how helpful they are. Generally, people seek to alter the structure to save on taxes. In such a scenario, most companies would assist employees in adjusting their salary structure to save them some money. However, the total amount payable would remain unchanged.
Regards,
RAM
pippallaram@sify.com
From India, Hyderabad
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Hi,
Yes, definitely, you can ask for the breakup as every organization has a complete breakdown of the salary components. Typically, there are three components: Fixed salary, Variable salary, and benefits.
Fixed salary includes Basic, DA, HRA, PF, PT, SA (this includes earnings as well as deductions).
Variable salary includes Special allowance, Project allowances, Bonus, Performance pay, Incentive, etc.
The benefits part includes car plan, Holiday package, Leased accommodation, Telephone, Medical/Hospitalization schemes, etc.
All these together form CTC... and I am quite sure these can be discussed before making a decision.
Thanks, Nilesh Deshpande Specialist - HR Service
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Yes, definitely, you can ask for the breakup as every organization has a complete breakdown of the salary components. Typically, there are three components: Fixed salary, Variable salary, and benefits.
Fixed salary includes Basic, DA, HRA, PF, PT, SA (this includes earnings as well as deductions).
Variable salary includes Special allowance, Project allowances, Bonus, Performance pay, Incentive, etc.
The benefits part includes car plan, Holiday package, Leased accommodation, Telephone, Medical/Hospitalization schemes, etc.
All these together form CTC... and I am quite sure these can be discussed before making a decision.
Thanks, Nilesh Deshpande Specialist - HR Service
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hi there, How can any one save thetax my restructuring the breakup and if at all the answer is yes than can you please provide me with the breakups??? :roll: :roll:
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Dear All,
Salary structure depends on company norms. It determines the basic salary, Dearness Allowance (DA), and Travel Allowance (TA). All sub-items are divided in a 100 ratio. Following this, deductions such as TDS, PF, ESI, etc., are made, leading to the net salary.
Thanks & Regards,
Anil Kumar Sharma
From India, Calcutta
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Salary structure depends on company norms. It determines the basic salary, Dearness Allowance (DA), and Travel Allowance (TA). All sub-items are divided in a 100 ratio. Following this, deductions such as TDS, PF, ESI, etc., are made, leading to the net salary.
Thanks & Regards,
Anil Kumar Sharma
From India, Calcutta
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