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
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103From India, Mumbai
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Dear Neekow, Pls find the monthly returns for PF, Form 5, 10 & 12 A
From India, Mumbai
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From India, Mumbai
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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
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Regards,
Ananya
From India, Calcutta
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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
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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
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preeti008 - why do you want to create seperate heads ie personal phone allowance and special allowance which are entirely taxable ?
From India, Delhi
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From India, Delhi
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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
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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
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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
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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
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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
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From United States
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Dear Ramesh, 60% or more of your gross salary. Normally it should be exceeding the minimum wages for that profession / designation.
From India, Mumbai
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From India, Mumbai
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Salary breakup.xls
Salary Breakup Annexure.doc