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working as a manager in automobile company taking salary 40 k want to knew the bifurcation of salary kindly if u let me knew
Basic salary is fixed between two variables i.e. 30% min to 55% maximum on gross salary.
Gross Salary in general Includes:
1. Basic (30% to 55% of Gross)
2. HRA (40% to 50% of Basic)
3. Medical Allowance (Rs.1250 pm)
4. Transport Allowance or Conveyence (Rs. 1600 pm)
5. Special Allowance (Gross - (1+2+3+4))
You can add LTA, Performance pay, Efficiency based incentive, Educational allowance, etc.,

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