Hi, Can anybody send me the pay structure format pls........ Ramesh
From India, Hyderabad
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1From India, Hyderabad
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Dear Mr. Ramesh,
Normally, the pay structure will consist of Basic, DA, HRA, and other allowances. The Basic should be given as per the pay scale. HRA will be 50% of the Basic for metro areas and 40% of the Basic for non-metro areas. The remaining amount can be split into DA and other allowances.
Regards,
Jayachander S
From India, Madras
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Normally, the pay structure will consist of Basic, DA, HRA, and other allowances. The Basic should be given as per the pay scale. HRA will be 50% of the Basic for metro areas and 40% of the Basic for non-metro areas. The remaining amount can be split into DA and other allowances.
Regards,
Jayachander S
From India, Madras
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what percentage is the basic from the consolidated salary. Is there any fixed ratio. HRA has to be realistic.
From India, Visnagar
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From India, Visnagar
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Hello,
I have come to know that it is necessary to adjust the basic salary and dearness allowance (DA) to reach at least 70% according to the wage fixing norms in India. The basic salary is calculated as 190% of the consolidated salary, and DA accounts for 50% of the basic salary, while House Rent Allowance (HRA) is 25% of the basic, and City Compensatory Allowance (CCA) is 15% of the basic. These are the norms established in our educational trust.
Thanks & regards,
shivashakthi
From India, Chennai
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I have come to know that it is necessary to adjust the basic salary and dearness allowance (DA) to reach at least 70% according to the wage fixing norms in India. The basic salary is calculated as 190% of the consolidated salary, and DA accounts for 50% of the basic salary, while House Rent Allowance (HRA) is 25% of the basic, and City Compensatory Allowance (CCA) is 15% of the basic. These are the norms established in our educational trust.
Thanks & regards,
shivashakthi
From India, Chennai
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SIR, i want to know how to distribute salary under heads like BASIC, HRA, CONVEN, MEDICAL and with ACT (under which Act) and deductions also same (under which Act)
From India, Gold
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From India, Gold
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Hi, Basic can be fixed as per minimum wages act & rest allowances can be derived as it’s percentage. Or you can fix basic as a percentage of gross salary. Hope it helps.
From India, Ahmedabad
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From India, Ahmedabad
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Creating a Competitive Salary Structure.doc
Compensation Structure.ppt