Hi All,
I'm new to this group and I'm a little bit confused on how to use this. However, I still want your suggestions on some matters. I'm working as an HR Coordinator in a small company, and I am the only person in the HR Department.
The issue at hand is that I want to redefine our salary break-up so that employees can get the maximum tax rebate without imposing any extra burden on the employer. Our current salary structure is as follows:
- Basic Salary
- HRA
- Transport Allowance
- Others
- PF
However, employees are not satisfied with this structure. They believe there might be a better way to maximize tax rebates by restructuring the salary break-ups.
Please assist me if you have any suggestions for this matter. I am looking forward to your reply.
Pooja
From India, New Delhi
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I'm new to this group and I'm a little bit confused on how to use this. However, I still want your suggestions on some matters. I'm working as an HR Coordinator in a small company, and I am the only person in the HR Department.
The issue at hand is that I want to redefine our salary break-up so that employees can get the maximum tax rebate without imposing any extra burden on the employer. Our current salary structure is as follows:
- Basic Salary
- HRA
- Transport Allowance
- Others
- PF
However, employees are not satisfied with this structure. They believe there might be a better way to maximize tax rebates by restructuring the salary break-ups.
Please assist me if you have any suggestions for this matter. I am looking forward to your reply.
Pooja
From India, New Delhi
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hi, pooja mine is a MNC and our salary break ups are like this SALARY basic HRA PERSONAL PAY CONVEYANCE ALLOWANCE LTA REIMBURSEMENTS MEDICAL RETRIALS PF ESI BONUS ALL THE BEST REGARDS SANDHYA
From India, Delhi
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2From India, Delhi
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Hi Pooja,
I have a little knowledge of salary break-up. This is what I follow:
Basic + DA: 60%
HRA: 20%
CCA: 10%
Others: 10%
You can calculate it this way:
Basic + DA: 60%
HRA: 20%
CCA (Travel allowance): 20%
Others: 10%
Or, you can give me your email, and I will forward it to you. My email is nagendra.hr104@gmail.com.
Regards,
Nagendra
Hyderabad
From India, Hyderabad
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I have a little knowledge of salary break-up. This is what I follow:
Basic + DA: 60%
HRA: 20%
CCA: 10%
Others: 10%
You can calculate it this way:
Basic + DA: 60%
HRA: 20%
CCA (Travel allowance): 20%
Others: 10%
Or, you can give me your email, and I will forward it to you. My email is nagendra.hr104@gmail.com.
Regards,
Nagendra
Hyderabad
From India, Hyderabad
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Hi Sandhya, Nice to see ur quick reply but I’m looking for detail discription for the same. If you want i may specify u what i’m looking for. Pooja
From India, New Delhi
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From India, New Delhi
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Dear Pooja,
Probably, you can add components like:
- Conveyance allowance (tax-free up to Rs. 800 per month)
- Reimbursements with actual bills for:
- Medical bills
- Books & Periodicals
- Uniform maintenance allowance
- and so on
Sashmita
From India, Delhi
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Probably, you can add components like:
- Conveyance allowance (tax-free up to Rs. 800 per month)
- Reimbursements with actual bills for:
- Medical bills
- Books & Periodicals
- Uniform maintenance allowance
- and so on
Sashmita
From India, Delhi
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Dear Sashmita, What about FBT on the reimbursments you have mentioned here?Does it apply or not? Anu
From India, Calcutta
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From India, Calcutta
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Hi All Can u suggest me dat salary slip of every month is nesessary for future . Problem is dat where i m working ,my employer does not provide any salary break up and salary slip. Plz do the needful
From India, Kanpur
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From India, Kanpur
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Typical salary breakup.jpg
Salary breakup format.xls