Dear Seniors,
My Company Is A Limited One, Can I Put All The Gross Salary In Basic Only.. I.E. Employee Salary Is 16000 So Can I Show His Basic Salary As 16000 Without Seggregating Into HRA ,Medical/Conveyance Allowance.
Kindly Suggest = Basic Can Be 100% Of Gross Salary Or Not
Posted 8th June 2016
pls help me out ...
From India, New Delhi
My Company Is A Limited One, Can I Put All The Gross Salary In Basic Only.. I.E. Employee Salary Is 16000 So Can I Show His Basic Salary As 16000 Without Seggregating Into HRA ,Medical/Conveyance Allowance.
Kindly Suggest = Basic Can Be 100% Of Gross Salary Or Not
Posted 8th June 2016
pls help me out ...
From India, New Delhi
18
It is advisable to constitute salary as basic & allowances. In Maharashtra & WB HRA is mandatory. Mandatory or not, HRA should be one, conveyance allowance should be other. If you pay the whole salary as basic you will pay higher gratuity if such employee completes 5 years of service. Include few allowances along with basic salary.
From India, Mumbai
From India, Mumbai
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Salary-Note.doc
SALARY SHEET CALCULATION.xls