What Is CCA Allowance????????/

Dear all seniors / juniors,
You are requested to help me out to describe the term CCA allownace in salary structure.
I am totally unaware with its execution and effectiveness. Presently I am dealing with the heads such as :- Basic, Hra, Conv, Med Reimb, CCA allowance.
Your prompt reply will be highly appreciated.
with regards
Vikas Kumar

Hi Vikas
CCA is city compensatory allowance. It is for Tier-1 and Tier-2 cities.
10% of basic+da is the maximum.few companies has fixed it as Rs.850 for tier-1 and Rs.800 for tier-2. CCA is applicable only for executive and above level.
Cheers
Karthik
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Dear Vikash
CCA Stands for City Compensatory Allowance . The Objective of including this salary element ( Component) is to provide additional amount to meet high expense for individual employee either transfered or deputed to the Metro Cities like Mumbai / Chennai / Kolkata etc .
Regards
Atul

Dear friends,
As per my view cc allowence mens cost to company,it incloud all the facilities which are given by the employer to the employee it for ex- Vical allowence, Home allowence, food, and other allowence these all things make the over all pakage of a employee it is not cash in hand.

The Capital Cost Allowance is "a tax deduction that allows a business to claim for the loss in value of capital assets due to wear and tear or obsolescence".
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Senior Living Arizona

Thanks for the informative discussion
Regards,
Reema

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