HRA is not 60% of basics. It is 50% of basics in metro cities and 40% of basics in other cities. For this salary, conveyance cannot be more than 800/- INR per month. Instead of Phone Allowance, which is taxable, you should include Medical Allowance of 12,500/- INR Per Month.
From India, Mumbai
94From India, Mumbai
i'v joined a company which has just started...there is no hr policy,payroll process, medical insurance, salary a/c, fitment...and i've to take charge of all these things..can anyone pls help in this regard. if u can attach samples of each one of the above mentioned things, it would be of great help. its urgent
Regards,
Ananya
From India, Calcutta
Regards,
Ananya
From India, Calcutta
request from my seniors
what is the scope of the welfare officers in the company where employee exceeds 500
& what would be the practical step in performance managment system & what we have to include in the system
what is the skill matrix and competency matrix
skill matrix vs compentency matrix
From India, Gurgaon
what is the scope of the welfare officers in the company where employee exceeds 500
& what would be the practical step in performance managment system & what we have to include in the system
what is the skill matrix and competency matrix
skill matrix vs compentency matrix
From India, Gurgaon
preeti008 - why do you want to create seperate heads ie personal phone allowance and special allowance which are entirely taxable ?
From India, Delhi
From India, Delhi
Dear Preeti /Kavya & All,
Answer to your query for pay bifurcation @ Gross Rs.20,000/- per month: -
Basic @ 60% = Rs.12,500/-
HRA @ 40% of basic = Rs. 5,000/-
Children Edu. Allwn. @ Rs.100/- per child up to 2 children i. e. Rs.200/-
Conveyance Allwn. @ = Rs. 800/- per month
Medical Reimburse @ = Rs.1,250/-
Mobile Reimburse @ = Rs. 250/-
From India, New Delhi
Answer to your query for pay bifurcation @ Gross Rs.20,000/- per month: -
Basic @ 60% = Rs.12,500/-
HRA @ 40% of basic = Rs. 5,000/-
Children Edu. Allwn. @ Rs.100/- per child up to 2 children i. e. Rs.200/-
Conveyance Allwn. @ = Rs. 800/- per month
Medical Reimburse @ = Rs.1,250/-
Mobile Reimburse @ = Rs. 250/-
From India, New Delhi
Dear Preeti / Kavy & All,
Answer to your query for salary bifurcation of Rs.20,000/- per month
Basic = Rs.12,500/-
HRA @ 40% = Rs.5,000/-
Conveyance allw. = Rs. 800/-
Children Edu. Allw up to 2 children @ Rs.100/-
Medical Reimburse = Rs. 1,250/-
Mobile Reimburse = Rs. 250/-
From India, New Delhi
Answer to your query for salary bifurcation of Rs.20,000/- per month
Basic = Rs.12,500/-
HRA @ 40% = Rs.5,000/-
Conveyance allw. = Rs. 800/-
Children Edu. Allw up to 2 children @ Rs.100/-
Medical Reimburse = Rs. 1,250/-
Mobile Reimburse = Rs. 250/-
From India, New Delhi
hi, i want to confirm with you about the comment from your end. is the spl allowance is fully taxable? are you sure ?
From United States
From United States
Dear Ramesh, 60% or more of your gross salary. Normally it should be exceeding the minimum wages for that profession / designation.
From India, Mumbai
From India, Mumbai
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