Can a company provides Conveyance and Medical allowance less than 800 and 1250 respectively, Example Conveyance Allowance:600 Medical allowance: 1000 Is there any problem in this? Thanks...
From India, Delhi
Acknowledge(0)
Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Dear member,
I have not come across any statute prescribing any minimum limit for HRA or conveyance allowance. In the absence of it, the contract of service shall govern the issue. Thus, unless you have contracted to pay Con. all or med. allow at the rates mentioned above, i.e., Rs 800/- and Rs 1250/-, there should not be any problem in paying Rs. 600/- and Rs. 1000/-
B. Saikumar
Mumbai
From India, Mumbai
Acknowledge(0)Amend(0)
1931I have not come across any statute prescribing any minimum limit for HRA or conveyance allowance. In the absence of it, the contract of service shall govern the issue. Thus, unless you have contracted to pay Con. all or med. allow at the rates mentioned above, i.e., Rs 800/- and Rs 1250/-, there should not be any problem in paying Rs. 600/- and Rs. 1000/-
B. Saikumar
Mumbai
From India, Mumbai
Acknowledge(0)Amend(0)
Conv. Allowance & Medical Assistance components (Rs.800/- & 1250/- p.m. respectively) are max. tax exempted components as per Income Tax rules. Not mandatory to stick to max. limit. Pon
From India, Lucknow
Acknowledge(0)Amend(0)
From India, Lucknow
Acknowledge(0)Amend(0)
Dear member,
I have mentioned in my earlier reply that I have not come across any law on HRA. It should be read as a medical allowance. So far as HRA is concerned, some states like Maharashtra have passed a law on the minimum HRA to be granted by establishments.
B. Saikumar
Mumbai
From India, Mumbai
Acknowledge(0)Amend(0)
I have mentioned in my earlier reply that I have not come across any law on HRA. It should be read as a medical allowance. So far as HRA is concerned, some states like Maharashtra have passed a law on the minimum HRA to be granted by establishments.
B. Saikumar
Mumbai
From India, Mumbai
Acknowledge(0)Amend(0)
It is not less than 5% of basic + DA subject to the minimum of 20%. B.Saikumar HR &Labour Law Advisor Mumbai
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Sir,
Conveyance and Medical Allowance are the benefits to be extended by the management. There is no statutory effect for the above benefits. Management may extend these facilities based on their financial returns.
D. Gurumurthy
LL.HR.IR Consultant
Hyderabad
From India, Hyderabad
Acknowledge(0)Amend(0)
Conveyance and Medical Allowance are the benefits to be extended by the management. There is no statutory effect for the above benefits. Management may extend these facilities based on their financial returns.
D. Gurumurthy
LL.HR.IR Consultant
Hyderabad
From India, Hyderabad
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
ESI-Not-applica ble-on-Conveyan ce-Allowance.do c
Revision in conveyance allowance in Maharashtra from 1.10.2013.pdf