Dear Sir, My gross salary is 23300, Basic is calculated 11880, HRA is 5940 and other is 5480, Just i want to know it is right calculated.
From India, Delhi
From India, Delhi
Dear Sanjay,
yes it is correct calculation your basic is more than 50% of gross and your HRA is 50% of basic & other can be bifurcate in conveyance allowance, Medical Allowance, LTA Etc. for availing the exemption in Income tax, since your basic is 11880/- hence you'll be the contributor of EPF also, salary bifurcation is difference company to company. your Basic & HRA is correctly calculated No doubt,
Thanks & Regard
Devesh Chauhan
Practicing in Accounts, Finance, Taxation, Labour Laws
From India, Basti
18yes it is correct calculation your basic is more than 50% of gross and your HRA is 50% of basic & other can be bifurcate in conveyance allowance, Medical Allowance, LTA Etc. for availing the exemption in Income tax, since your basic is 11880/- hence you'll be the contributor of EPF also, salary bifurcation is difference company to company. your Basic & HRA is correctly calculated No doubt,
Thanks & Regard
Devesh Chauhan
Practicing in Accounts, Finance, Taxation, Labour Laws
From India, Basti
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