Salary Certificate
This query is : Resolved
04 August 2010
Dear Sirs/ Madams,
Mr. X (an employee) is getting Rs. 45,833/- per month as his gross salary. The salary for him per month has been structured as follows:
Basic Salary - 22917.00
HRA -9166
Conveyance - 800
Medical - 1250
Food Coupon - 1300
LTA - 1910
Special Allowance - 8490
Total = 45833.00
Please advise whether this is correct?
Mr. X (an employee) is getting Rs. 45,833/- per month as his gross salary. The salary for him per month has been structured as follows:
Basic Salary - 22917.00
HRA -9166
Conveyance - 800
Medical - 1250
Food Coupon - 1300
LTA - 1910
Special Allowance - 8490
Total = 45833.00
Please advise whether this is correct?
04 August 2010
There is nothing called a correct salary structure. It all depends on the Co.'s policy of remuneration.
The above structure seems to be fine.
The above structure seems to be fine.
05 August 2010
Agree with Mr. Pradeep.
There are no hard & fast rules for salary structure. It depends upon company to company & its policies of compensation.
However, generally, companies follow certain limits for some heads according to Income tax laws for convenience. In your case, these limits appears to be followed like :
HRA : 40 / 50 % of Basic
Conv Allow. : Rs. 800/- p.m
Medical : Rs. 1250/- p.m
So it can be said to be a good structure.
There are no hard & fast rules for salary structure. It depends upon company to company & its policies of compensation.
However, generally, companies follow certain limits for some heads according to Income tax laws for convenience. In your case, these limits appears to be followed like :
HRA : 40 / 50 % of Basic
Conv Allow. : Rs. 800/- p.m
Medical : Rs. 1250/- p.m
So it can be said to be a good structure.
05 August 2010
agreed with mr. Subhash,
Generally company follow the structure like
Basic : 40% ot total gorss salary
HRA : 50% of Basic Salary
Convey ALlow : 800 Pm.
Medical Remibursement : 1250 Pm
Children Education Allowance : 200 Pm
Other Allowance
Generally company follow the structure like
Basic : 40% ot total gorss salary
HRA : 50% of Basic Salary
Convey ALlow : 800 Pm.
Medical Remibursement : 1250 Pm
Children Education Allowance : 200 Pm
Other Allowance
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