Comp Structure Sample Format

8/13/2019 Comp Structure Sample Format

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Name

Qualifications (with yr. of

passing) MBA

University (for highest

Qualification)

Current Employer ABC LTD

e evan xper ence n

Yrs.)

Current Designation Manager Sales

Proposed Function/

Dept.

Current Grade Band 1 D Proposed Designation

Current Location Mumbai Proposed Grade

Date of joining Current Employer XXXXXXX Proposed Location

Sr. No Salary items Amounts p.a.

1 Fixed Salary(Basic, PF, Gratuity) 0

2 Choice Pay 0

3 Performance Variable Bonus 0

Total CTC P.A. 0

Notes

XYZ


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1 Fixed Pay plan consist of Fixed salary and Choice pay plan

2 Choice Pay plan there is choice to choose from non taxable plan or taxable pay plan. One can choo

on your comfort & tax plan

3 Your monthly gross will comprise of Fixed Salary + Choice plan which will be paid our every month

4 Monthly gross payable will have deductions of PF, Gratuity and Income tax as appplicable.

5 Performance linked variable bonus will be paid annually , directly linked to your performance


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Graduate in commerce

4yrs

Sales

Regional Manager Sales

E 6

Mumbai Wadala

Remarks

Refer to sheet 2A for the working. This is

compulsory , there is no choice - Payable Per

month

Refer to sheet2B to choose your options .Choice Pay1 is non taxable option & Choice II

is non taxable option- either one fully or partly

both can be chosen which will added in your

monthly gross - Payable Per month

20% of Fixed CTC (payable yearly) based on

company performance and individual

performance


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se both partly or anyone depending


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Sr.No. Components Monthly (Rs.) Annually (Rs.)

A Guarantee Pay

1 Basic Salary50,000.00 600,000.00

2 Provident Fund6,000.00 72,000.00

3 Gratuity2,405.00 28,860.00

4 House Rent Allowance25,000.00 300,000.00

5 Conveyance Allowance0.00 0.00

6 Medical re-imbursement1,250.00 15,000.00

7 Children Education Allowance0.00 0.00

8 Children Hostel Allowance0.00 0.00

9 Attire Allowance1,500.00 18,000.00

10 Superannuation

7,500.00 90,000.00

11 LTA4,166.67 50,000.00

12 Fixed Bonus0.00 0.00

13 Car EMI33333 400,000.00

14 Fuel & Maintenance re-imbursement15,000.00 180,000.00

15 Company Leased Accomodation

16Special Personal Allowance

246,140.00

CTC offered #REF! 2,000,000.00

Name: Grade:


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B Benefits

1 Group Personnel Accident Insurance0.00

2 Hospitalization for Self, Family & Parents0.00

3 Sodexho Food Coupons - Rs 15,600 per annu0.00

C Total Cost To Company (TCTC)166,666.67

D Performance Linked Varaible Pay500,000.00

components for tax

basic 600000

spa 446000

plv 500000

1546000 163,800.00

tax 100,000.00 5lac to 10lac

30,000.00 2lac to 5 lac

total tax 293800

Note : These are just sample working sheets, the componen


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18k

2l

1.8

4.46


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Choice Element

No

No

No

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

--

Yes

--

Balancing Figure

2000000

1107140

CTC OPTION SHEET

Location:Mumbai


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ts and amounts may change from time to time


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Explanation

30% of fixed component basic sal

if da is there then 12 % of basic + da; some companies have a cap of 6500pmays or every year o serv ce, as sa ary s cacu a e on, o wor ;

it is given after 4yrs, 8mnths, 10 days of service; less than 5 yrs, if any amt deducted frm

50% - metros, 40% - town b, 30% of basic as hra is given

800rs is permitted by income tax which is not tax deducted - do not to give supporting bills etc,

have to submit lowner aggrement etc

15,00,000 is not taxable ..over and above the amt company gives is taxable. No cosmetics or

beautifying things considered medical bills - shuld not fake medical bills, can lose job

some cos give 1000 perchild per months, some give 100 per child per month

rs 300 pm per child

owa - office wear allowance; need to give bills; in cases where there is uniform so owa will not

be given ,

companies have done away with it as govt of india has made it optional. At retriment age -

many companies have 58 or 60 retiring. It is an employee contribution so deductable - govt of, -rest comp ben calculation financial year. Min five days of leave..upto second ac allowed,

economy class air tickets). LTA is always to home town when you have to claim it from the, . .

Company decides that for ex. 8.33% of all. Decided in advance so called fixed. In corporate set

ups it is zero. After the amendment in 2010 , the min bonus to be given to workers is Rs..

taking the cars for the employees with negotiated interest rates. Junior mngmnt can opt for

cars upto 5lacs, middle upto 10lac, higher level 15lacs - ceiling . Includes appholstry, interest

Maximum 15000pm if company owned car; tax exempt Rs .8000 if self owned. tax exempt car

papers in the name of the employee only then benefits

If opt for company leased acco then cant opt fr HRA facility

this is totally taxable.

92262


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company claims expensedepends co to co..n ppl for it is coverd

Rs.1.5 Lacs (family floater) / Rs.25 Lacs (Co.Floater) / Maternity Rs.40,000

Where subsidised canteen is not available.

assuming 20% as perf variable plan

nd company to company and per prevailing tax rules


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to transfer, how would u get the money?

If we show that for two months have not worked elsewhere

based on need and tax slabs these are chosen - cafeteria

approach

leaves before super annuity age;

if it is given exgratia then and have opted for it then needorganization. Cuz LTA is given is once every year or twice

in a block of four years. Can put it upder special allowance

charges a penalty in one year's time or acc to the time

frame which can be as per the aggrement


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approach, only employe parents not spouse's parents,

legaly cant cover the same person twice from co point of

every month sudexo amt is loaded into the card


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all these reimbursement allowances need to give bills if not to be taxable

similRLY if opt for car scheme and conveyance


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It is an insurance - have to be hospitlized

if it is declared at the time is tax free..gift coupons toonormaly during diwali can use the entire year, if leaving, tak


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n back


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Name

Date of Birth

Highest Qualification

Current Employer

Current Designation

Current Grade

Current Location Timbaktu

Total Experience in yrs

Relevant Experience in yrs

Date of Joining Current Employer

Item Current (Rs. p.a.)

Basic 600,000.00

DA

Total Basic 600,000

HRA ** 300,000.00

Transport Allowance 0.00Medical Allowance 15,000.00

LTA / Medical 50,000

Conveyance Allowance 50,000

Interest Subsidy 0

Mobile Phone Reimbursement

Shift Allowance

Personal Allowance

Total Cash 965,000.00

PF 72,000.00

Gratuity 28,860.00

Superannuation 90,000.00

ESIC 0

Total with retirals (A) 1,155,860

Stocks

Deferred Bonus

Incentives


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Bonus

Variable Pay (B) 0

Potential to Earn ( A + B ) 1,155,860

*All items subject to detailed rules / guidelines

*Current Tax exempt remuneration grossed up

** HRA varies as per city

tax 1063600

132000

66300

Note : These are just sample working sheets, the componenets and amounts may


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Age

University

Proposed Role

Proposed Grade

Proposed Designation

Proposed Location

Proposed City Type

Proposed Role in

Proposed Date of Joining

Proposed (Rs. p.a.) Change (%)

960,000

normally in central state govt

960,000 60%

288,000

30,0001,500,000

80,000

standard amt 9,600

earlier co dint give any loans.if it ga 0

0

500rs per day x 10days x12 60,000

1,452,000

4,379,600 354%

Rate % Rate %

115,200 12

46,176 4.81

144,000

0 0.00

3,200,000 177%

0

0

(based on actual performance, annulized 0


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800,000 (target)

800,000 #DIV/0!

4,000,000 246%

2,092,400

960000

1452000

800000

3212000

2212000

Private & Confidential

hange from time to time and company to company and per prevailing tax rules


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0

A Fixed Pay Plan Amounts p.m. Amounts p.a.

Particulars

1 Basic 0 0

2 PF 0 0

3 Gratuity 0 0

0 0

B Choice Pay Plan I (Non Taxable) Amounts p.m. Amounts p.a.

Particulars

1 House Rent Allowance 0 0

2 Conveyance Allowance 0 0

3 Medical re-imbursement 0 0

4 Children Education Allowance 0 0

5 Children Hostel Allowance 0 0

6 Superannuation 0 0

7 Car EMI0 0

14 Fuel & Maintenance re-imbursement0 0

9 Company Leased Accomodation 0 0

10 LTA 0 0

0 0

C Choice Pay II (taxable) Amounts p.m. Amounts p.a.

Particulars : Special Allowance

11 Special Allowance 0 0

0 0

G Benefits

Proposed CTC offer


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1 Group Personnel Accident Insurance

2 Hospitalization for Self, Family & Parents

3 Sodexho Food Coupons

4 Mobile Handset

5 Mobile Reimbursements

Note : These are just sample working sheets, the componenets and amounts m

Will be given by the company as per pol

will be reimbursed as per policy

for eg. Rs.1.5 Lacs (family floater) / Rs.


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y change from time to time and company to company and per prevailing tax rules

icy

5 Lacs (Co.Floater) / Maternity Rs.40,000


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Paragana Registeration Form_Parivartan

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