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Salary Structures in India - All you need to know

1) Basic Salary + Dearness allowance. The Basic component is the primary component and the core of the salary structure. It is usually the largest component of the CTC making up for 40-45% of the total CTC. The basic plays an important role in defining the salary as other components like Provident Fund, Gratuity and ESIC are dependent on it.…

How Salary Structure Is Design In Private Sector - CiteHR

Mar 25, 2008 · How Salary Structure Is Design In Private Sector ... A Salary Structure refers to the organization's compensation design wherein all the jobs within the company are defined, rated, classified, graded, benchmarked, and given rates (minimum, median, maximum) that are considered to be equitable, competitive, affordable, and sustainable to the ...…

Salary structure: Detail Components of Salary Pay ...

Salary structure is the details of the salary being offered, in terms of the breakup of the different components constituting the compensation. Any change(s) to the salary structure i.e. among the elements, can have a major impact on what the employee does, such as the kind of ……

Basic Salary in India - Explained with Calculation

May 25, 2016 · Given that it is the base income, basic salary is used to calculate other constituents of the salary. Several components of a salary package may be calculated based on the basic salary amount (on the basis of the grade of an employee within a company’s salary structure).…