Understanding Salary Breakdown: How to Calculate Conveyance and L.T.A Percentages?

Hi,

I want salary statements. I know the basic percentage and HRA percentage, and I want the conveyance percentage and L.T.A percentages.

Dear Srinivas,

Compensation structures differ from organization to organization in order to save tax, but let me give you a general bifurcation.

Basic is 30%
HRA is 30%
Conveyance is 25% (or Rs 800)
Medical is 10%
Others are 5%

Also, LTA is 5% of annual CTC or a maximum of Rs 75,000, whichever is lower.

Regards,
Vsharma

Hi, is the conveyance allowance 25% of the basic salary or gross salary? Also, could you please clarify if it is mandatory to be 25%? I have heard that it is always fixed at 800 for all salary structures.

Thanks

Hi everyone,

This is Sarfaraz, joined a new growing company. Please let me know the actual percentage (%) of Conveyance Allowance and deductions on which amount, either CTC or Basic salary.

I am already aware of the conveyance allowance amounts, which are Rs. 1600/- for normal employees and Rs. 3200/- for handicapped employees.

If two employees have salaries of Rs. 8000/- and Rs. 12000/-, how do we calculate their conveyance allowance? Is there a standard formula for this calculation? Kindly guide me.

Regards,
Sarfaraz