HELLO EVERYONE... PLEASE SHARE THE ACTUAL PERCENTAGE FOR SALARY COMPONENTS ACCORDING TO THE ACT. LIKE- BASIC % HRA % DA % CONVEYANCE % AND OTHER. IS THERE ANY GOVT. NOTIFICATION FOR THIS?
From India, Delhi
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From India, Delhi
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According to Indian labor laws, there is no fixed percentage for salary components such as basic pay, HRA, DA, conveyance, and other allowances. However, there are certain rules and regulations that employers must adhere to.
Minimum Basic Pay
The minimum basic pay, as per the Minimum Wages Act, is fixed by the respective State Governments.
HRA Percentage
The HRA percentage is usually a fixed percentage of the basic pay, which may vary from organization to organization.
DA Percentage
Similarly, the DA percentage is also not fixed and is usually revised by the Central Government from time to time, depending on the prevailing inflation rates.
Conveyance Allowances
Conveyance allowances are usually given to employees for commuting to and from work, and the percentage varies from organization to organization.
From India, Dombivali
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10Minimum Basic Pay
The minimum basic pay, as per the Minimum Wages Act, is fixed by the respective State Governments.
HRA Percentage
The HRA percentage is usually a fixed percentage of the basic pay, which may vary from organization to organization.
DA Percentage
Similarly, the DA percentage is also not fixed and is usually revised by the Central Government from time to time, depending on the prevailing inflation rates.
Conveyance Allowances
Conveyance allowances are usually given to employees for commuting to and from work, and the percentage varies from organization to organization.
From India, Dombivali
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SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx