Hi All, Can anyone help me out to get the recent salary break-up structure? It is very urgent. Your assistance in this matter is greatly appreciated.
From India, Bangalore
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19From India, Bangalore
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Hi,
There are no specific rules for salary structure or breakup. It is typically determined by the organization's policy, but you may still need to adhere to certain guidelines such as minimum wages and the Income Tax Act.
There have already been numerous discussions and shares on this topic in this forum.
From India, Bangalore
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There are no specific rules for salary structure or breakup. It is typically determined by the organization's policy, but you may still need to adhere to certain guidelines such as minimum wages and the Income Tax Act.
There have already been numerous discussions and shares on this topic in this forum.
From India, Bangalore
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PF enforcement officers maintain a fixed ratio that they assume as Basic + DA portion of the salary. They take 50% as a fixed slab. Now, HRA according to Income Tax is 50% of Basic + DA. Transport Allowance is ₹1600 per month allowed under income tax. So you can get an idea of how we do the segregation.
For expert help on this issue, contact us through the website below.
From India, Kolkata
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For expert help on this issue, contact us through the website below.
From India, Kolkata
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Insurance Linked Voluntary Payment of Income Tax Act 2009.doc
SALARY CALCULATOR & INCOME TAX.zip