I just want to know about the standard format for salary breakup. Is there a fixed percentage for conveyance allowances, special allowances, DA, etc.? Kindly do the needful for me as I am preparing for a startup company and I am also a fresher.
It is advisable that Basic + DA should be more than 50% of the gross salary. HRA is typically 35 to 40% of the Basic. IT is exempted up to Rs. 800 per month for Conveyance Allowance; hence, the maximum amount for CA is Rs. 800. The adjustable amount would be the Special Allowance.
Is it true that the basic HRA changes every month? I am a fresher and struggling to understand the salary calculation process in detail, as every company has its own format. I am unable to determine the correct format for our company. Kindly help me understand the basics. Please.
I am working in a private limited company, so I have to handle salary activities. Please help me out as soon as possible. My question is, how to make a salary breakup for an employee with a salary of Rs. 10,000 per month?
Can anybody please help with the salary slip format for trainees? I don't think we will deduct PF & ESI as we have less than 10 employees in our organization. Also, we are a startup. Please share the breakups.
- Priti
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