Confused About Salary Breakup and HRA in Gujarat? Let's Figure It Out Together

Dear Sir/Madam,

Please help me out and provide details about the salary breakup. Our salary components include Basic Salary, HRA, MA, SP, and CEA.

Kindly guide me on how to calculate these allowances. Additionally, could you please provide details on the HRA and PT slab in the Gujarat region?

I am also curious about the calculation of Professional Tax.

I would appreciate your prompt response.

Regards,
Neema Agrawal

Hi,

As far as HRA is concerned, it is 40% of basic (50% for metros). The basic is taken approximately 40% of the CTC. Regarding PT, try to get information from the IT department of Gujarat.

Regards,
Parikshit.

HRAs can vary from 40-100% of basic, depending on the company. There are no guidelines given by any government authority. Basic pay is typically around one-third of the CTC in most places.

Amit

HR varies from 40-100% of basic, depending on the company policies. Basic is approximately 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 a comment.

Thanks and Regards,
Megha

What would be the tax-effective breakup for a CTC of Rs. 10.00 lakhs and Rs. 15.00 lakhs per annum? Kindly highlight those components that are exempted from the tax point of view.

Regards