This is sridharrajan i have been working as HR at engineering firm, My boss is task given and recruiting experienced engineer , the salary is gross 25000. How to break up as per the factory norms.
From United States, Huntsville
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3From United States, Huntsville
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as per factory norms Basic 60% HRA 50% Conveyance 1600 Medical 1250 Other Allowance Gross Regards Sathya 9841874747
From India, Chennai
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From India, Chennai
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Dear Sridhar Rajan,
You are advised to contact a Chartered Accountant. The CA would suggest viewing the present tax structures and different legislations in force to ensure the interests of the employer and employee are safeguarded. You will benefit from this and also gain a better understanding of the facts.
From India, Mumbai
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You are advised to contact a Chartered Accountant. The CA would suggest viewing the present tax structures and different legislations in force to ensure the interests of the employer and employee are safeguarded. You will benefit from this and also gain a better understanding of the facts.
From India, Mumbai
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Dear Sir, Thanks for the given solution, But i have doubt, total amt is Rs.25350 Gross which is your mentioned split up. Regards/Sridhar
From United States, Huntsville
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From United States, Huntsville
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Dear Sridharrajan,
Please find the details in the breakup below; I hope it will be helpful to you.
1. BASIC - 10,025
2. SPECIAL ALLOWANCE - 5,862
3. HRA - 5,013
4. CONVEYANCE - 1,600
5. MEDICAL ALLOWANCE - 1,250
6. UNIFORM ALLOWANCE - 1,250
GROSS SALARY - 25,000
Thank you.
From India, New+Delhi
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Please find the details in the breakup below; I hope it will be helpful to you.
1. BASIC - 10,025
2. SPECIAL ALLOWANCE - 5,862
3. HRA - 5,013
4. CONVEYANCE - 1,600
5. MEDICAL ALLOWANCE - 1,250
6. UNIFORM ALLOWANCE - 1,250
GROSS SALARY - 25,000
Thank you.
From India, New+Delhi
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Dear colleague,
The salary/wages are not governed by the Factories Act. As an HR professional, you should have known this. The break up of salary is based on the company's policy and differs from company to company. However, when breaking it into the various components, one has to consider prevailing income tax exemptions/rebate so that the employee gets a good take-home salary.
Regards,
Vinayak Nagarkar
HR Consultant
From India, Mumbai
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The salary/wages are not governed by the Factories Act. As an HR professional, you should have known this. The break up of salary is based on the company's policy and differs from company to company. However, when breaking it into the various components, one has to consider prevailing income tax exemptions/rebate so that the employee gets a good take-home salary.
Regards,
Vinayak Nagarkar
HR Consultant
From India, Mumbai
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