Other Allowances [Thread 261749]

kartrix
Dear All,
Request you to kindly suggest/advice me with the following :-
  1. If Other Allowances can be higher than the Basic Pay, if yes, then is there a cap to it..or certain calculation to derive at the Other Allowances Amount
  2. Is there a standard calculation for HRA & Medical Allowances & Transportation Allowances based on the Basic Pay
Your suggestions would be highly appreciated
Regards
pon1965
yes, other allowances can be higher than Basic.
HRA - 50% of basic for metros & 40% for non metros.
Medical assistance - Rs.1250/- p.m. tax free
Transport allowance - rs.800/- p.m is tax free (alternatively you can claim for Fuel & maintenance charges for tax exemption if you own 2/4 wheelse in lieu of transport allowance)
indushri
Dear All,
Please inform me whether other & special allowances payable to the workers will be considered for Provident fund.
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