Learn how to calculate and structure Indian salaries under the new Labour Code wage framework, from Total Remuneration and Wages to PF, ESI, Gratuity, Bonus, TDS, Net Pay and CTC through practical worked examples.
Salary calculation is often treated as a simple exercise of dividing CTC into Basic, HRA and allowances. In reality, a compliant salary structure requires a clear understanding of wages, exclusions, statutory calculations, deductions and the relationship between Gross Salary, Net Pay and CTC.
Salary Calculation Under New Labour Codes is a practical, calculation-first course designed to help HR and payroll professionals understand this complete process.
The course starts with the fundamentals of Total Remuneration, Gross Salary, Net Pay and CTC, and then moves into Minimum Wages and the definition of Wages under the new framework. You will understand how exclusions work, how the 50% rule affects salary structures, and why simply naming a component as an allowance does not necessarily determine its treatment.
The course then takes you through in-kind remuneration and reimbursements, followed by a step-by-step approach to building a salary structure from scratch.
You will also learn the calculation logic for PF, EPS, EDLI, ESI, Gratuity, Bonus, Leave Encashment, Overtime and TDS, and understand how these calculations ultimately affect employee Net Pay and employer CTC.
The learning is supported with practical salary examples and calculations, including a complete salary-structure exercise that brings the concepts together.
Ideal for HR, payroll, compensation, finance and compliance professionals who want to understand not just what goes into a salary structure, but how the complete calculation works from beginning to end.
Takes about 25 minutes · Certificate issued instantly on passing