Hi Amit, as you said Basic is ofcourse taxable. However HRA is calculated on basis of the Basic, right? This is not taxable (correct me if I am wrong).
Therefore my question is:
1. what would be the optimal way to allocate as Basic? Additionally............
2. What is LTA? how it is calculated, I mean what percentage of Basic can be allocated as LTA? Is it tax deductible?
3. Does the PF contribution, which is (884.65 + 780 as per "proposed_breakup_157.xls") fall within the taxable income?
Can anybody please answer those questions?
Thanks and regards,
From India, Hyderabad
Therefore my question is:
1. what would be the optimal way to allocate as Basic? Additionally............
2. What is LTA? how it is calculated, I mean what percentage of Basic can be allocated as LTA? Is it tax deductible?
3. Does the PF contribution, which is (884.65 + 780 as per "proposed_breakup_157.xls") fall within the taxable income?
Can anybody please answer those questions?
Thanks and regards,
From India, Hyderabad
What will be the final amount that i'll be getting in hand??
Components :
Fixed Per Annum(Rs.)
Basic 144000
Choice Pay 337796
Project Allowance *72000
Performance Linked Incentive (PLI)** 44000
PF 17280
Gratuity 6924
* Project Allowance is paid only when posted at sites.
** Performance linked incentive (PLI) is annually paid on the basis of performance.
Assume that i'm posted at site and getting 25000 as PLI.
From India, Kochi
Components :
Fixed Per Annum(Rs.)
Basic 144000
Choice Pay 337796
Project Allowance *72000
Performance Linked Incentive (PLI)** 44000
PF 17280
Gratuity 6924
* Project Allowance is paid only when posted at sites.
** Performance linked incentive (PLI) is annually paid on the basis of performance.
Assume that i'm posted at site and getting 25000 as PLI.
From India, Kochi
Thanks. Its really helpful. With this I would to like ask one question. we have 12% deduction for PF out of which 8.33% is pension fund & only 3.67% if PF. and when we get the PF Balance online its just the smaller part which is sent as sms. so, how do the candidate get his pension fund part when he applies for the PF Withdrawal??
Regards
@ngel
From India, Ahmadabad
Regards
@ngel
From India, Ahmadabad
1
Hi, Will request to guide me on preparing salary structure for my company employees. We have only PT as deduction. Regards, Raksha Koul
Hi, sandeep what will be ideal salary structure according to law and what should be a minimum basic.
From India, Ahmedabad
From India, Ahmedabad
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Salary Break up calculator.xls