Hello Experts, Actually i have a query regarding HRA Calculation.
Is there any fix % for HRA or shall i keep 40% considering non metropolitan city.
As HRA is excluded from PF can an employer keep high % as HRA.
Is there any fix % for HRA or shall i keep 40% considering non metropolitan city.
As HRA is excluded from PF can an employer keep high % as HRA.
Answer is simply "no ". Upto 15,000/- Basic it should not be more than 25% (appx) of monthly gross and better to keep monthly gross to be restricted only two components - Basic & HRA. Please read Supreme Court Verdict on PF Gross in Feb,2019 and definition of wage ( yet to be implemented ) from Wage Code.
S K Bandyopadhyay ( Howrah, WB )
USD HR Solutions
From India, New Delhi
336S K Bandyopadhyay ( Howrah, WB )
USD HR Solutions
From India, New Delhi
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