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Salary Structure & Tax calculation

Precious_pg Started The Discussion:

Hi folks,

As we have following salary & deduction heads, I would request you to advise me the % range or the specific amount dedicated to each head. And also, the computation method wherever required.

Basic
HRA
Conveyance Allowance
Medical
Mediclaim
PF
ESI
Bonus
Gratuity
Pension

Regards,

Precious
LTA

Reema HR - Contributing Member
Thanks for sharing.

Regards,
Reema

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Can you send the details of minimum wages pertaining to Hotel industry / aviation catering company / resort which will help me to proceed further. Regards John D Christopher Chennai 9445567762

Jehnavi - 
I've added the first installment of changes to account for pension payments from gross wages. I know that there are changes with respect to National Insurance contributions to take into account also, but I'll get that sorted in a while. I hope everyone knows that if you are a higher rate taxpayer, i.e. you earn more than your tax free allowances plus 34,800, you need to either contact hmrc to get your tax code changed, or you need to complete a self assessment tax return in order to get the higher rate tax relief margin paid into your pension. You can contact me if you need any clarification on this.
Thanks
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