Understanding Salary Structure: What Should a Fair Package Include?

Dear Sir,

Could you please provide information on the justified salary structure of a company? The salary package should encompass basic salary, dearness allowance (DA), house rent allowance (HRA), conveyance allowance, medical allowance, and provident fund deduction (PF).

Thank you.

Dear Kapil Sir,

Thank you for the information provided. I'm having a doubt. The Conveyance Rs. 800.00 is taken into account while preparing the Form 16. Shall we take the medical allowance too while calculating the IT?

Thanks and Regards,
Kumanan. A

Dear Mr. Singh,

Please correct me if I am wrong. In my understanding, if an employee's basic salary exceeds 6500 and the company continues to deduct 12% of an employee's basic salary if he wishes, then it is not mandatory for the organization to contribute the same amount, as it can continue to contribute a maximum of 12% of 6500.

Thanks & Regards,

Chander Mohan Mohla

Dear Mr. Mohla,

Greetings for the day :)

If the company is deducting PF on the basic salary, then they also have to contribute the PF contribution on the same amount.