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lucky mehta_4092454
Hello Professionals,

Could you please help me set the salary breakup according to Punjab Govt. compliance?
We want to set new salary breakup as:
Basic: 75% of Gross
HRA: 25% of Gross
Special Allowance: Remaining amount.

Please confirm if it right or how we can set it now?

From India, Ludhiana
Madhu.T.K
4208

If the total of the Basic wages and dearness allowances payable as per the minimum wages notified by the government is equal to 75% of your gross salary, then the bifurcation is okay and legally maintainable. Otherwise, you will have to consider the allowances like special allowances and HRA for contributions and payments like bonus, PF, gratuity, leave encashment etc. Of these, HRA may get qualified for exclusion but if it is paid to all employees, without reference to their residential status like whether they are residing in leased accommodation or not, whether their spouses are getting HRA etc, then its exclusion from gratuity calculation or PF contribution may be challenged.
From India, Kannur
raghunath_bv
156

Hi Lucky,

To comply with Punjab government regulations, it's essential to ensure that the salary breakup meets the legal requirements and follows the specified guidelines.

For the salary breakup you provided:

Basic Salary: 75% of Gross
House Rent Allowance (HRA): 25% of Gross
Special Allowance: Remaining amount
This breakdown seems reasonable, but it's crucial to verify it against the latest regulations from the Punjab government to ensure compliance. Additionally, certain aspects such as provident fund contributions, professional tax deductions, and other statutory deductions may also need to be considered.
Thanks

From India, Bangalore
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