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Bottom-up salary structure: In this type, you first calculate the gross salary and then divide each salary component from that. So, if your gross salary is ?P and the basic salary is 50% of the gross salary, and the allowances are 25% of the gross salary, your basic salary is P x 50%, and your allowances are P x 25%.

GRATUITY SALARY STRUCTUREPARTICULARMONTHLYYEARLYOTHER0.000.00COST TO COMPANY (CTC)TOTAL15000.00180000.0012 more rows

The salary structure of every employee is distinct and is decided based on several factors, such as: The level of education and the years of experience. The industry they belong to and the significance of the work being done. Location of the job and the cost of living in the city.

Basic salary is usually 40% to 60% of your total salary. It's the amount an employee receives before any addition or tax deduction. You can calculate the percentage of your base salary using this formula: (Basic salary ÷ Total CTC) x 100.

Salary scales are the range of wages you pay a new hire to work in a particular job. They reflect the minimum and maximum salaries you pay a candidate for the position, which you might list on a job posting, and use to guide the salary you offer to a new hire.

Determine the salary range for the position by considering factors such as the company's budget, the candidate's level of experience, and the industry competition. Monitor the market and review salaries periodically to ensure they remain competitive and align with industry standards.

What is the formula for salary calculation? Take Home Salary = Gross Salary - Income Tax - Employee's PF Contribution(PF) - Prof. Tax. Gross Salary = Cost to Company (CTC) - Employer's PF Contribution (EPF) - Gratuity. Gratuity = (Basic salary + Dearness allowance) × 15/26 × No. of Years of Service.