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Hi CTC!! – the misnomer!The term "cost to company" has come to be used in common parlance when we talk about a pay packet. This hitherto was considered as what one would get in his 'pay cover', be it cash or cheque. Attached to this was the 'pay slip' giving det...
Hi dear,The components of the salary breakup are:1) Basic2) HRA3) DA4) Other AllowancesI have corrected the spelling and grammar errors, and adjusted the formatting for better readability.
Hi,I have to prepare the salary slip for my top management. Kindly help me and give me suggestions on what headings or components to use in fixed and variable headings.Regards,Sak :(
Hi All,We are following the concept of CTC in our organization, and the main components of the same are:1\. Basic salary2\. HRA3\. Medical4\. Transport allowance5\. Compensatory allowance6\. PF contribution by the employerThe grand total of this is CTC; the dedu...
Hi, what is Annexure-4 and Annexure-3 in Hyderabad, India?Hi, what are Annexure-4 and Annexure-3 in Hyderabad, India?
**Understanding Annexure-4 and Annexure-3 in Hyderabad, India**In Hyderabad, India, Annexure-4 and Annexure-3 are commonly referred to in the context of labor laws and compliance requirements. Here is a detailed explanation of each:1\. **Annexure-4**:- Annexure-...
Hi Vineeta,Please help me calculate the salary of a person who is getting 13000/- per month. This is a small company, and there are no deductions. Please help me.Thank you.
**Salary Breakup Structure for 2.50 LPA in Chandigarh, India**To break down your salary of 2.50 LPA into basic, DA, and HRA components, we will calculate them based on certain percentages. Since your company does not provide any additional allowances, we will fo...
To draft the Best Salary Annexure for your location in Jaipur, India, follow these practical steps:**Understanding the Requirements**- Begin by reviewing the specific labor laws and regulations in India, especially those related to salary structures, deductions,...
Can you please help me with drafting the Best Salary Annexure?