What is the percentage of calculation of HRA on basic in CTC as per act?
From India, Kolkata
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From India, Kolkata
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CTC (Cost to Company) is basically a term that HR created to deceive candidates and employees into thinking they are paid more than they are actually given. The term is not recognized in any labor law in India and is not defined anywhere. Therefore, you are free to choose what percentage you wish to have.
However, please check the income tax requirements on HRA as it will make a difference to the amount of tax paid by the employee and indicate the percentage as applicable. Generally, people consider between 30% and 45% of Gross as HRA.
From India, Mumbai
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2498However, please check the income tax requirements on HRA as it will make a difference to the amount of tax paid by the employee and indicate the percentage as applicable. Generally, people consider between 30% and 45% of Gross as HRA.
From India, Mumbai
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