Assignment-01
Assignment on “Salary structure for Entry level and Mid level employees”
Course Title: Compensation Management
Course Code: HRM-412
Sec: 02
SUBMITTED TO:
Laila Zaman
Assistant Professor
Department of Business Administration
East West University
SUBMITTED BY:
Name
ID
Md. Arifur Rahman
2017-3-10-042
Israt Jahan Esha
2018-1-10-061
Tahmina Islam Tamanna
2018-1-10-210
Alvi Shahrier
2018-2-10-173
Safiqul Islam
2018-3-10-018
Submission Date:
ABC Company Ltd
12/A Aftabnagar, Dhaka-1200
Mr. ‘A’ Salary Structure for the Month of January’2023
Name of Employee – Mr. ‘A’
Department – Sales and Marketing
Designation: DPO (Distribution Project Officer)
Pay Structure
Particulars
BDT(Monthly)
BDT(Yearly)
Basic Salary
10500
126000
House Rent
6300
75600
Medical Allowances
4200
50400
10000
120000
Mobile Bill
2000
24000
Incentive (Depends on Performance)
8500
102000
41500
498000
1233.333
14800
40266.67
483200
Hotel Bill, Meeting Expenses, TA, DA
Gross Salary
Less: Tax*
Net Salary
Particulars
First 300000
Next 100000
Next 300000
*Tax Calculation
Employee
Rate
300000
0%
100000
5%
98000
10%
Annual Tax
Monthly Tax
Amount
0
5000
9800
14800
1233.33333
ABC Company Ltd
12/A Aftabnagar, Dhaka-1200
Mr. ‘X’ Salary Structure for the Month of January’2023
Name of Employee – Mr. ‘X’
Department - IT Department
Designation – Regional Director
Particulars
Basic Salary
House Rent
Medical Allowances
Conveyance Allowances
Festival Bonus*
Others
Gross Salary
PF
Tax
Total Deduction
Net Salary
BDT(Monthly)
48,000
4,800
2,400
9,600
0
0
64,800
4,800
3,886.67
8686.67
56,113.33
BDT(Yearly)
5,76,000
57,600
28,800
1,15,200
0
0
7,77,600
57,600
46,640
1,04,240
6,73,360
*Tax Calculation
Particulars
Employee
Rate
Amount
First 300000
3,00,000
0%
0
Next 100000
1,00,000
5%
5000
Next 300000
3,00,000
10%
30,000
Next 400000
77,600
11,640
Annual Tax
46,640
Monthly Tax
3,886.67
N.B – Annually 2 festival bonus (June, September) and that will be the 15% of Basic salary.