Hi Sangeeta,
DA and HRA can be incorporated in salary structure. HRA will be 40% of Basic. DA (Dearness Allowance - Some companies use "Duty Allowance"; both are treated differently). If it is "Dearness Allowance," then as per Government regulations, a percentage on Basic will be applied. If it is "Duty Allowance," then based on the number of days the employee is present in a month, it may be Rs.100 for a month, varying from organization to organization.
Regards,
Sujit
From India, Pune
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1DA and HRA can be incorporated in salary structure. HRA will be 40% of Basic. DA (Dearness Allowance - Some companies use "Duty Allowance"; both are treated differently). If it is "Dearness Allowance," then as per Government regulations, a percentage on Basic will be applied. If it is "Duty Allowance," then based on the number of days the employee is present in a month, it may be Rs.100 for a month, varying from organization to organization.
Regards,
Sujit
From India, Pune
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Dear all,
Hi,
Please, can anyone help me with information about management trainee benefits, compensation, and the requirements (documents & permissions) for a company in the service industry?
Thank you,
Sunil Kumar
9210789705
From Netherlands
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Hi,
Please, can anyone help me with information about management trainee benefits, compensation, and the requirements (documents & permissions) for a company in the service industry?
Thank you,
Sunil Kumar
9210789705
From Netherlands
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hi this Saradhi Can u please clear me that bonus includes in CTC, and also clear me about main components of CTC Saradhi
From India, Hyderabad
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From India, Hyderabad
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Thanx to all. I guess thr is an ammendment that the basic salary has to be within 40%-65% of the Gross salary...can n e 1 throw some light on this?? Regards Sangeeta
From India, New Delhi
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From India, New Delhi
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Friend,
As per Minimum Wages Basic + DA + HRA + Other Allowances (Without PF & other Reimbursement), it should be of the Minimum Wages act. Rest for other employees, as such, there is no rule. It should be as per Company Rule.
Regards,
Nikhil
From India, Delhi
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As per Minimum Wages Basic + DA + HRA + Other Allowances (Without PF & other Reimbursement), it should be of the Minimum Wages act. Rest for other employees, as such, there is no rule. It should be as per Company Rule.
Regards,
Nikhil
From India, Delhi
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can n e one tell me whether the Bonus (not performance bonus) can be given monthly in gross salary ?? if yes do we have to deduct esi from the bonus ? Pls help.... Sangeeta
From India, New Delhi
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From India, New Delhi
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What would be the best salary structure for saving of Income Tax, with a Gross Salary of Rs.9.00 per annum. Can include Petrol or Car Maintenance or any other tax saving incentives.
From India, Mumbai
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From India, Mumbai
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Please provide me with an Excel sheet where earnings and deductions are shown separately. On the earnings side, include Basic Pay, DA, HRA, and CCA. On the deductions side, include PF, Gratuity, and other deductions like medical facility. If there are any incentives entered, they should add to the earnings column. Additionally, a 10% TDS needs to be deducted, and the final salary should be calculated.
Kindly send this to kartheek.kn@gmail.com.
Thank you.
Kartheek K N
From India, Bangalore
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Kindly send this to kartheek.kn@gmail.com.
Thank you.
Kartheek K N
From India, Bangalore
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Hi Akumman,
There is no legislation for salary break-up, but one has to follow the upper limit caps for HRA, conveyance, and medical reimbursement. For example, HRA - as per IT law, one can opt for only up to 40% of the basic salary in non-metro cities and 50% in metro cities.
Additionally, there is a limit of Rs. 800 per month for conveyance and Rs. 1250 for medical reimbursements. The remaining components depend on the management's decisions and are subject to company policy standards, norms, and industry practices.
Thank you,
Geetanjali
From India, Pune
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There is no legislation for salary break-up, but one has to follow the upper limit caps for HRA, conveyance, and medical reimbursement. For example, HRA - as per IT law, one can opt for only up to 40% of the basic salary in non-metro cities and 50% in metro cities.
Additionally, there is a limit of Rs. 800 per month for conveyance and Rs. 1250 for medical reimbursements. The remaining components depend on the management's decisions and are subject to company policy standards, norms, and industry practices.
Thank you,
Geetanjali
From India, Pune
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