Regarding Salary Break Up & Hra Calculation - XLS Download

Dear Sir
Dear Sir/Madam, Please help me out.
Please give me details about the salary break up. Our Salary Components are Basic Salary HRA,MA,SP,CEA
Now please tell me how can i calculated these are all allowances and also please give me the detail about the HRA & PT slab in gujarat region.
What will be calculation of Professional Tax?
Please give me the reply as soon as possible.
Regards,
Neema Agrawal :D

Hi,
As far HRA is concerned, it is 40% of basic (50% for metros). Tha basic is taken approx. 40% of the CTC.
Regarding PT, try to get info from the IT department of Gujarat.
Regards
Parikshit.

hra can vary frm 40-100% of basic depends on the company ,,no guideline given by any govt authority,,,,,,,,,
basic is always roughly one third of ctc everywhere ,
amit

hra varies frm 40-100% of basic depends on the company policies.........
basic is approx one third of ctc everywhere

Hi Neema,
HRA in Gujarat will be 40% of Basic.
As far as PT is concerned any CA/CS will be able to advise you on that.
Let me know if you need more info.
Regards,
Ankit

Hi, All I hope this TAX Calculator will be useful.
Please feel free to make the comment.
Thanx and Regards,
Megha

What would be the tax effective break up for a CTC of Rs. 10.00 lakhs and Rs. 15.00 lakhs per annum. Kindly highlight those components which are exempted from the tax point of view.
regards