This is sridharrajan i have been working as HR at engineering firm, My boss is task given and recruiting experienced engineer , the salary is gross 25000. How to break up as per the factory norms.
From United States, Huntsville
3From United States, Huntsville
as per factory norms Basic 60% HRA 50% Conveyance 1600 Medical 1250 Other Allowance Gross Regards Sathya 9841874747
From India, Chennai
From India, Chennai
Dear Sridharrajan,
You are advised to contact a Chartered Accountant. The CA would suggest viewing the present tax structures and different legislations in force to keep the interest of employer and employee is safe. You will be benefited by this and also come to know the facts.
From India, Mumbai
You are advised to contact a Chartered Accountant. The CA would suggest viewing the present tax structures and different legislations in force to keep the interest of employer and employee is safe. You will be benefited by this and also come to know the facts.
From India, Mumbai
Dear Sir, Thanks for the given solution, But i have doubt, total amt is Rs.25350 Gross which is your mentioned split up. Regards/Sridhar
From United States, Huntsville
From United States, Huntsville
Dear Sridharrajan
please find detail in breakup hope it will help to you.
1 BASIC 10,025
2 SPECIAL ALLOWANCE 5,862
3 HRA 5,013
4 CONVEYANCE 1,600
5 MEDICAL ALLOWANCE 1,250
6 UNIFORM ALLOWANCE 1,250
GROSS SALARY 2,5000
From India, Pilibhit
please find detail in breakup hope it will help to you.
1 BASIC 10,025
2 SPECIAL ALLOWANCE 5,862
3 HRA 5,013
4 CONVEYANCE 1,600
5 MEDICAL ALLOWANCE 1,250
6 UNIFORM ALLOWANCE 1,250
GROSS SALARY 2,5000
From India, Pilibhit
Dear colleague,
The salary/wages are not governed by the Factories Act. As an HR , you should have known this.the
The break up of salary is based on company's policy and differs from company to company.
However, while breaking it into the various components , one has to consider prevailing Income tax exemptions /rebate so that the employee gets good take home salary.
Regards,
Vinayak Nagarkar
HR- Consultant.
From India, Mumbai
The salary/wages are not governed by the Factories Act. As an HR , you should have known this.the
The break up of salary is based on company's policy and differs from company to company.
However, while breaking it into the various components , one has to consider prevailing Income tax exemptions /rebate so that the employee gets good take home salary.
Regards,
Vinayak Nagarkar
HR- Consultant.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Salary Break Up.xlsx
New Comart Salary Break up-Calculator.z ip