Again to remind you all...
1. There is no law which mandates you to pay exactly 40 / 50% of Basic as HRA. you can pay as high as 150% and as low as 10% and nobody can question you.
2. Again no law restricting conveyance to Rs. 800 and Medical to Rs. 1250
3. And lastly no law can dictate you must pay 40% of CTC as Basic.
There is only 1 provision i.e. Basic should exceed Minimum Wages in the state. and that is all.
From India, Lucknow
1. There is no law which mandates you to pay exactly 40 / 50% of Basic as HRA. you can pay as high as 150% and as low as 10% and nobody can question you.
2. Again no law restricting conveyance to Rs. 800 and Medical to Rs. 1250
3. And lastly no law can dictate you must pay 40% of CTC as Basic.
There is only 1 provision i.e. Basic should exceed Minimum Wages in the state. and that is all.
From India, Lucknow
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.