Partner - Risk Management
+1 Other

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Dear Sir, My gross salary is 23300, Basic is calculated 11880, HRA is 5940 and other is 5480, Just i want to know it is right calculated.
From India, Delhi
Dear Sanjay,
yes it is correct calculation your basic is more than 50% of gross and your HRA is 50% of basic & other can be bifurcate in conveyance allowance, Medical Allowance, LTA Etc. for availing the exemption in Income tax, since your basic is 11880/- hence you'll be the contributor of EPF also, salary bifurcation is difference company to company. your Basic & HRA is correctly calculated No doubt,
Thanks & Regard
Devesh Chauhan
Practicing in Accounts, Finance, Taxation, Labour Laws

From India, Basti
Bifurcation of gross wages and CTC into its components is a function HR of your Comoany will do. It is entirely up to them to put what they want in the breakup. There is no fixed structure or norms. If they decide to put 100% in basic, even then you can't do anything.

From India, Mumbai
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™