plz help me ..
actually i want to know HRA is a extra part of salary or is deducted from basis salary..
how mach amount of PF is deducted from basic salary of an employee..
plz tell me wt amount do i have to deduct from salary ... plz help me
1st July 2010 From India, Delhi
HRA is always deducted from basic salary, its % of deduction depends upon company policy it can be either 30%,40% of basic salary. and PF deduction is 12% of basic salary from both employee and employers part.
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2nd July 2010 From India, Delhi
Basic 40% of CTC
HRA 40% of Basic
LTA can be kept in multiples of 500 upto 5000
Washing Allowance Rs.400
Children Education Allowance Rs.250
These are some basic allowance which are given as per IT Slabs
2nd July 2010 From India, Vadodara
I want to know about HRA calculation for salary break up.
How much % is HRA of Basic or Gross?
Is minimum wages includes Basic+HRA in Delhi & Punjab?
As per new judgement of supreme court PF is calculated on Basic + DA+ Other fix per month Allowances. If some one drawing gross salary of 50000/- pm with the break up of Punjab Shop & Establishment employees Basic: 10800, HRA 7500(15% of Gross), VMA: 5000 & Other Allowances:26700/- then PF is deducted on maximum limit of Rs.15000/- or on Rs.42500/- please suggest?
Because as per me the same should be deducted on 15000/-
16th April 2019 From India, Jalandhar