HI FRIENDS M NEW HERE I JUST WANT TO ASK THAT HOW DO WE DECIDE HRA TRAVELL ALLOWANCES MEDICAL PF ON SALARY. KINDLY HELP Regards Gunjan
From India, Delhi
From India, Delhi
Gunjan Hr does not decide the HRA, alloawnces etc. Finance decides it. You need to sit with Finance and decide the best structure for your organization.
From India, Delhi
86From India, Delhi
is there any standardised tariff for calculation of the same considering the basic pay, i mean to say in %. pl inform with regards Kirti Kothari
From India, Hyderabad
From India, Hyderabad
normally rate of hra is considered 40-45% of basic + da if da is considered for pf calculation. otherwise 50% of the basic as hra is tax exempted.
From India, Mumbai
From India, Mumbai
Dear All,
Pls note that there are no written rules for the deciding any allowances.
Your Basic and DA will not be less than minimum wages and rest all as per the policy of the management and Income tax point of view because HRA, Con up to 800/-, Medical up to 1250/-, Education up to 200/- etc will be exempted in Income Tax
Aashit
From India, Mumbai
Pls note that there are no written rules for the deciding any allowances.
Your Basic and DA will not be less than minimum wages and rest all as per the policy of the management and Income tax point of view because HRA, Con up to 800/-, Medical up to 1250/-, Education up to 200/- etc will be exempted in Income Tax
Aashit
From India, Mumbai
HRA differs from state to stae.For ex.,in TN its 40% and in AP its 50%. As one of the replies intimate that you can get in touch with a Senior Finance guy or with Senior Hr person. You need to provide the details of the employees for getting a clear history.
From India, Madras
From India, Madras
Dear friends,
I am anand working as manager (admn. acct). Just i want to know whehter there is any government act for calculating salary elements ( HRA, DA, MA, LTA and other allowances) or we can calculate our own. If any body knows about clearly please send me your reply.
Thank you,
bye
From India, Delhi
I am anand working as manager (admn. acct). Just i want to know whehter there is any government act for calculating salary elements ( HRA, DA, MA, LTA and other allowances) or we can calculate our own. If any body knows about clearly please send me your reply.
Thank you,
bye
From India, Delhi
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