Hi! Can someone give me break up for Rs 15000 salary and Rs 20000 salary with following components: 1)Basic 2)HRA 3)Conveyence Break up must be tax free. Thanks....
From India, Delhi
From India, Delhi
HI.
For salaries for 15000 & 20000 you shall make it as
Basic 50% on Gross
If your place on Metros HRA 60% on Basic
conveyance 800
Medical Allowance 1250
Remaining as Spl Allowance
for Gross Sal of Rs20000./- He or She will not fall on tax brackets
From India, Bangalore
639For salaries for 15000 & 20000 you shall make it as
Basic 50% on Gross
If your place on Metros HRA 60% on Basic
conveyance 800
Medical Allowance 1250
Remaining as Spl Allowance
for Gross Sal of Rs20000./- He or She will not fall on tax brackets
From India, Bangalore
Basic 10000.00 13000.00
HRA @ 40% 4000.00 5200.00
Conveyance@10% 1000.00 1300.00
Total 15000.00 20000.00
This is very simple method Keeping HRA @40% and Conveyance @10% mof Basic works well for small Companies
Sivasankaran
From India, Chennai
HRA @ 40% 4000.00 5200.00
Conveyance@10% 1000.00 1300.00
Total 15000.00 20000.00
This is very simple method Keeping HRA @40% and Conveyance @10% mof Basic works well for small Companies
Sivasankaran
From India, Chennai
Yes that's what i asked that its 50% for the metros. so in salary break given above in one of the reply as:
Basic 50% on Gross
If your place on Metros HRA 60% on Basic
conveyance 800
Medical Allowance 1250
Remaining as Spl Allowance
Is it valid to give HRA as 60% on basic?
From India, Delhi
Basic 50% on Gross
If your place on Metros HRA 60% on Basic
conveyance 800
Medical Allowance 1250
Remaining as Spl Allowance
Is it valid to give HRA as 60% on basic?
From India, Delhi
There is no mandatory requirement in regard to %age of Basic or allowances.
Just ensure that Basic is not less than the minimum wages prescribed by your state government.
The 50% or 40% are taken to maximize tax savings.
You can certainly take HRA as 60% of Basic or even higher.
Rajiv
From India, Gurgaon
Just ensure that Basic is not less than the minimum wages prescribed by your state government.
The 50% or 40% are taken to maximize tax savings.
You can certainly take HRA as 60% of Basic or even higher.
Rajiv
From India, Gurgaon
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