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Streamlining Salary Structure

Last post January 23, 2010 18:40 PM by sanal. 1 repiles.

April 18, 2007 09:11 AM 1
Total Posts: 18
Join Date: March 14, 2007
Rank: Executive
Post Date: January 23, 2010
Posts: 18
Location: United States

Streamlining Salary Structure

Dear All,

I kindly invite your views and thoughts on "must have" and "may have" components of salary while streamlining salary components in an organisational salary structure. Also, what are the most important things one should keep in mind while working on the same.

Thanks

Sakshi

April 18, 2007 09:162
lion_king
Total Posts: 17
Join Date: March 14, 2007
Rank: Executive
Post Date: April 18, 2007
Points: 85
Location: United States

Re: Streamlining Salary Structure

Hi Sakshi,

Though I felt the "must have" things to be common for many of us.

Basic+DA Professional Tax
HRA PF
CCA Income Tax
Others

I can share about the "may have" part of it.

.1. EPF (Employers contribution part though its the same). Interestingly, I would be happy to share an idea with it. I heard about an organisation (name witheld) where the employers & the employees contribution is the bare minimum i.e. Rs 900/-. There is a provision in PF called the VPF (Voluntary Provident Fund) contribution where employees can contribute the 12% of Basic + DA but the employers contribution still remains the same.

.2. Besides, the "OTHERS" mentioned above can include al the components like LTA, Medical Reimbursements etc

Hope that helps

Cheers

lion_king

January 23, 2010 06:403
sanal
Total Posts: 2
Join Date: March 14, 2007
Rank: Beginner
Post Date: January 23, 2010
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Re: Streamlining Salary Structure

Can you throw some light on salary grading