Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Its depends upon the company policy.Either it could be 50% or 40% on Gross Salary. Regards Vikas
From India, Chandigarh
Hi Vikas_hr My 40% HRA, Coveyance Rs. 800, Per month Medical Allowance Rs. 1250/- per month how much Exemption in Saral (Income Tax) per year plse send some sample files thanks & regards manu
From India, Hyderabad
I need help on biometric system. I recently joined company where lot of people is salesforce. If they report in the morning, they dont report in evening, they sign off field after telling their Manager. How will I handle this. Also people in office going for long lunches though company policy says clearly one hour. How i will handle? Pls help.
From India, Bangalore
Basic salary can be calculate i.e total gross salary in a month divide by 2.54 or 2.47.then shown basic salary.It is my funda cheap & best. Satish Kumar Vishwakarma 9580136707
From India, Amritsar
Dear Sir, % of Basic,HRA,Conveyance,Medical is calculated as per law or depend upon company policy.If this are decided by law then the related act for this. Regards, Himanshu Trivedi.
From India, Vadodara
Dear All,
Anyone can tell me that, what the State Govt. have decided the min wage that should be inhand salary or basic?
Exp...if Delhi Govt Min Wage is-10686 then what we have keep the basic, same or could be anything?
Lalit Mathpal

From India, New Delhi
Hi HHH123,
This is nisha, I was going through the thread discussion, Even i did not understand how is the below calculation done. I have gone through the excel sheet.
Could you please explain me below formula?

From India,
Hi, Could you please clarify that conveyance allowance is standardised as per the policy? Or is it the company can standardised its own conveyance allowance percentage? please help
From India,
Hi, kindly help me with the salary structure for Rs. 22000, Rs.15000 and Rs. 10000 as final in hand salary that we get. need HRA and DA allowance structured for this. no PF is deducted
From India, Delhi
I have gone through the xl sheet
This Company has probably has followed the following
1. Assume 100 is equal to Basic
2. 100 Basic
40 HRA
15 CON
12 PF
4.75 ESI
4 Gratuity
8.33 Bonus
3 Uniform
192.08 Total
192 Round off

3. They probably would have reached 192 using the above methodology And if 192 is CTC then 100 would be Basic They must have some reason to minus Rs 500 which is Uniform allowance It is purely an internal calculation But more or less they have followed the above methodology
This is also one of the easiest way of arriving at Structure. This will bring Basic closer to 52% of CTC
This will work out well at lower salary brackets

From India, Chennai

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™