How Salary Break Up Is To Be Done

HI FRIENDS M NEW HERE I JUST WANT TO ASK THAT HOW DO WE DECIDE HRA TRAVELL ALLOWANCES MEDICAL PF ON SALARY.
KINDLY HELP
Regards
Gunjan

Gunjan
Hr does not decide the HRA, alloawnces etc. Finance decides it. You need to sit with Finance and decide the best structure for your organization.

is there any standardised tariff for calculation of the same considering the basic pay, i mean to say in %. pl inform
with regards
Kirti Kothari

normally rate of hra is considered 40-45% of basic + da if da is considered for pf calculation.
otherwise 50% of the basic as hra is tax exempted.

Dear All,

Pls note that there are no written rules for the deciding any allowances.

Your Basic and DA will not be less than minimum wages and rest all as per the policy of the management and Income tax point of view because HRA, Con up to 800/-, Medical up to 1250/-, Education up to 200/- etc will be exempted in Income Tax

Aashit

HRA differs from state to stae.For ex.,in TN its 40% and in AP its 50%. As one of the replies intimate that you can get in touch with a Senior Finance guy or with Senior Hr person. You need to provide the details of the employees for getting a clear history.

Dear friends,
I am anand working as manager (admn. acct). Just i want to know whehter there is any government act for calculating salary elements ( HRA, DA, MA, LTA and other allowances) or we can calculate our own. If any body knows about clearly please send me your reply.
Thank you,
bye