could anyone tell me what are the various salary components and what are the percentage of each component in the salary. Also, please tell me which components are taxable and which are exempt.
Please help me....
Devika Patankar
From India, Mumbai
2Please help me....
Devika Patankar
From India, Mumbai
dear Devika
§Basic 40% of gross
§HRA 50% of Basic
§Conveyance 800/-
§PF 12% of Basic
§Medical 1250/- (tax fee component)
§Sodexho - 2500/-(tax fee component)
§Education All. 200/- (tax free component)
§Communication - 2000/- (tax free component)
§Vehicle -1200/- (tax free component)
§LTA - 25000/- (exempted twice in the block of 4 years)
Personal All. Or Special All. or Other all. - Balance (this is a taxable component)
From India, Hyderabad
§Basic 40% of gross
§HRA 50% of Basic
§Conveyance 800/-
§PF 12% of Basic
§Medical 1250/- (tax fee component)
§Sodexho - 2500/-(tax fee component)
§Education All. 200/- (tax free component)
§Communication - 2000/- (tax free component)
§Vehicle -1200/- (tax free component)
§LTA - 25000/- (exempted twice in the block of 4 years)
Personal All. Or Special All. or Other all. - Balance (this is a taxable component)
From India, Hyderabad
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SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx