A prudent choice for HRA can be derived from the taxation structure. For e.g., Taxable HRA must be least of undermentioned three options.
1. Actual HRA received
2. Excess of rent paid over 10 percent of salary.
3. 50% / 40% of the salary
As evident in the last statement, the ceiling of 50% and 40% is subject to city type.
Hope this helps.
From India, Mumbai
31. Actual HRA received
2. Excess of rent paid over 10 percent of salary.
3. 50% / 40% of the salary
As evident in the last statement, the ceiling of 50% and 40% is subject to city type.
Hope this helps.
From India, Mumbai
Dear Mr Rajnish Thank you for your reply. Can you please tell me whther conveyance allowance comes under FBT or not ? Thanks and Regards Indrani Chakraborty
From India, Pune
From India, Pune
Dear Mr Gopikishan
Thank you very much for the clarification .Based on all the inputs received from all you lovely people on cite hr I have finally decided to put the HRA as 40% of basic
Thanks and Regards
Indrani Chakraborty
From India, Pune
Thank you very much for the clarification .Based on all the inputs received from all you lovely people on cite hr I have finally decided to put the HRA as 40% of basic
Thanks and Regards
Indrani Chakraborty
From India, Pune
[quote="apmdas"]Hi
I think the ESI calculation should be @ 4.75% when you mention it in the CTC as 1.75% is only contribution by the employee.
Mohan[/quote
Dear Mr Mohan
Thank you so much for the input
Regards
Indrani Chakraborty
From India, Pune
I think the ESI calculation should be @ 4.75% when you mention it in the CTC as 1.75% is only contribution by the employee.
Mohan[/quote
Dear Mr Mohan
Thank you so much for the input
Regards
Indrani Chakraborty
From India, Pune
Hi Indu,
As far as Variable pay is concerned, it is depend on the company policy that wheather it should be included in CTC or not.
Normaly it is included in CTC and is based on some parameters like Performance Rating. In such cases the variable pay has to be paid annually.
regards,
Jeevan
As far as Variable pay is concerned, it is depend on the company policy that wheather it should be included in CTC or not.
Normaly it is included in CTC and is based on some parameters like Performance Rating. In such cases the variable pay has to be paid annually.
regards,
Jeevan
Dear Mr Jeevan
Thank you for your inputs.You are right the variable pay is going to be linked to the performance appraisal so we are planning to put it in the CTC
Keep posting
Thanks and Regards
Indrani Chakraborty
From India, Pune
Thank you for your inputs.You are right the variable pay is going to be linked to the performance appraisal so we are planning to put it in the CTC
Keep posting
Thanks and Regards
Indrani Chakraborty
From India, Pune
Hi Indrani,
The onus lies with the company, so far TDS from employees salary is concerned. The Med Allow to the extent of Rs.1000 is exempt but its subject to submission of relevant documents. You need to ask your employees to submit the same else deduct tax on such allow for which no documents are submitted.
You may reach me on
for any further discussion.
Cheers
Prakash
From India, Mumbai
The onus lies with the company, so far TDS from employees salary is concerned. The Med Allow to the extent of Rs.1000 is exempt but its subject to submission of relevant documents. You need to ask your employees to submit the same else deduct tax on such allow for which no documents are submitted.
You may reach me on
Cheers
Prakash
From India, Mumbai
Dear Mr Kashija Thank you so much for the help extended.I will definitely get in touch with you in case I have any further queries Thanks and Regards INdrani Chakraborty
From India, Pune
From India, Pune
Still I didn’t understand salary structure.can you guide me as Basic Salary varies from 20% to 40% can you call me or reply me.
From India, Mumbai
From India, Mumbai
Hi all,
I am very much confused. Can anybody make me clear what is taxable and what is non taxable in a salary structure. What is the best possible way to make a salary structure so that an employee can take the maximum amount of his salary to home.
Kindly give me your invaluable suggestions.
Regards,
Rubina Ansari
From India, Delhi
I am very much confused. Can anybody make me clear what is taxable and what is non taxable in a salary structure. What is the best possible way to make a salary structure so that an employee can take the maximum amount of his salary to home.
Kindly give me your invaluable suggestions.
Regards,
Rubina Ansari
From India, Delhi
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Creating a Competitive Salary Structure.doc
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