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 knowledge, the taxable components would be:
Basic Pay
HRA (unless it's restricted to 40% of gross in other cities and 50% in metros)
Special Allowance
Conveyance (if more than 800)
PF Withdrawal is taxable
Not taxable:
Gratuity is exempt from tax for Government & Local Authority employees and for Private employees if it's covered under the Gratuity Act
Superannuation as it's a retirement benefit
PF contribution
Medical Reimbursement
Regards,
Ranjit
From India, Mumbai
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7As per my knowledge, the taxable components would be:
Basic Pay
HRA (unless it's restricted to 40% of gross in other cities and 50% in metros)
Special Allowance
Conveyance (if more than 800)
PF Withdrawal is taxable
Not taxable:
Gratuity is exempt from tax for Government & Local Authority employees and for Private employees if it's covered under the Gratuity Act
Superannuation as it's a retirement benefit
PF contribution
Medical Reimbursement
Regards,
Ranjit
From India, Mumbai
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