Hi I just want to know is there any Law in India to enact HRA @ 40 % or 50 % of the basis salary of the employee?
From India, Coimbatore
From India, Coimbatore
There is HRA Act in some States - WB, Maharashtra etc. where there is State act which has stipulated 5% HRA on Basic & DA.
40% 0R 50% is as per IT rebate nothing to do with HRA Act.
Warm Regards,
S K Bandyopadhyay ( WB, Howrah )
CEO-USD HR Solutions
+91 98310 81531
skb@usdhrs.in
From India, New Delhi
33440% 0R 50% is as per IT rebate nothing to do with HRA Act.
Warm Regards,
S K Bandyopadhyay ( WB, Howrah )
CEO-USD HR Solutions
+91 98310 81531
skb@usdhrs.in
From India, New Delhi
HRAllowance is granted to employees of state and central govt. and quasi govt., public sector undertakings at various % age linked to the classification of cities/towns and other places they are located. However other sector have no such stipulations. But following their own corporate policies HRA is governed in establishments of organised pvt.sector.
From India, Bangalore
From India, Bangalore
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