Hi seniors,
Can you pls tell me providing allowances
to employee is statutoty liability of company
or depends on terms of employment,
allowances such as HRA, Medical, education
Allowances etc.
Thanx & Regard

From India, Agra
Dear all experts please reply my query its really really urgent...
From India, Agra
Dear Pankaj There are statutory requirements which are to be provided to employees by a company like PF ESI and remaining are as per company terms Dhanashekar
From India, Bangalore
Respected sir,
Bonus, Gratuity, EPF, ESI, all these are
Statutory liability of company provide the
Same to employee if applicable.........
But i want to know about allowances given by company to its employee Like...
HRA allowance, Medical allowance, Phone allowance, Education allowance, special allowance, daily allowance
Pls tell my weather these allowances above stated are statutory allowances or it shall be given as per company wishes,

From India, Agra
nathrao
3096

""But i want to know about allowances given by company to its employee Like...
HRA allowance, Medical allowance, Phone allowance, Education allowance, special allowance, daily allowance ""
These allowances are not statutory.
Various companies pay as per industry standards and as per company finances.

From India, Pune
Dear Pankaj The allowance paid to employees like HRA, Medical, LTA are not statutory but it would be a part of CTC of an employee. Regards, Mridul Srivastava
From India, Delhi
Normally companies split the salary under various allowances to enable employees to claim income tax exemption or relief. For instances an employee can provide rent receipt from house owner and claim relief under the allowance. Similarly education allowance b conveyance allowances can be claimed. These allowances enable employees to avoid paying tax on entire salary. Of course there are ceiling or upper limits as per incometax act.
From India

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