Hi All,
I have the following components in my CTC. Kindly, let me know the taxable components.
Basic Pay
HRA
Special Allowance
Conveyance
Leave Travel Allowance(LTA)
Medical Reimbursement
Superannuation
Gratuity
Medical Insurance
PF
Waiting eagerly for your replies.
Regards,
Aravind Baalaaji
From India, Madras
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I have the following components in my CTC. Kindly, let me know the taxable components.
Basic Pay
HRA
Special Allowance
Conveyance
Leave Travel Allowance(LTA)
Medical Reimbursement
Superannuation
Gratuity
Medical Insurance
PF
Waiting eagerly for your replies.
Regards,
Aravind Baalaaji
From India, Madras
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Hi Aravind,
As per my knlowledge, the taxable components would be :
Basic Pay
HRA (unless its restricted to 40% of gross in other cities and 50% in metros)
Special Allowance
Conveyance ( if more than 800)
PF Withdral is taxable
Not taxable:
Gratuity is exempt from tax for GOvernment & Local Authority employees and for Private employees if its covered under the Gratuity Act
Superannuation as its a reuirement benefit
PF contribution
Medical Reimbursement
Regards,
Ranjit
From India, Mumbai
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8As per my knlowledge, the taxable components would be :
Basic Pay
HRA (unless its restricted to 40% of gross in other cities and 50% in metros)
Special Allowance
Conveyance ( if more than 800)
PF Withdral is taxable
Not taxable:
Gratuity is exempt from tax for GOvernment & Local Authority employees and for Private employees if its covered under the Gratuity Act
Superannuation as its a reuirement benefit
PF contribution
Medical Reimbursement
Regards,
Ranjit
From India, Mumbai
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Hope this will help u
From India, Hyderabad
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From India, Hyderabad
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(Fact Check Failed/Partial)-The user reply does not provide any information or clarification on the taxable components of CTC. It does not address the original query. Please provide accurate details on the taxable components.
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I think Aravind was asking for which components are taxable, not a salary structure...plz avoid just copy pasting stuff out here... Rgds, Ranjit
From India, Mumbai
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From India, Mumbai
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Hii to all, Please send holiday list of hotels in ap shops and establishment 2019 Regards Sudhakar
From India, Guntur
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From India, Guntur
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(Fact Check Failed/Partial)-[response]
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(Fact Check Failed/Partial)-The response provided is partially correct. However, there are a few inaccuracies: - Conveyance allowance is exempt up to a maximum of Rs. 1,600 per month. - Gratuity is exempt for both government and private employees as per the Payment of Gratuity Act, not restricted to just specific categories. - Medical reimbursement is taxable if it exceeds Rs. 15,000 annually. - PF withdrawal is taxable only if withdrawn before 5 years of continuous service. Therefore, the correct information is: - Conveyance allowance up to Rs. 1,600 is non-taxable. - Gratuity is exempt under the Payment of Gratuity Act for all eligible employees. - Medical reimbursement exceeding Rs. 15,000 annually is taxable. - PF withdrawal is tax-free after 5 years of continuous service. Amendment: True