Dear Peers,
As I have very big doubt in HRA workings in CTC.
There is no procedure/Law says about HRA workings. Since We all will go to new PF & ESI slap. In that PF calculation HRA is exemted. But there is no law says that HRA should be this much % in Gross salary. If the company can decide to fix the HRA themselves on the basis of Locality where the company situated that will not accepted by PF inspectors rather we can go with Income Tax act, It says 40% of basic is HRA that also not agreed by PF officials even it also a Local LAW.
So seniors please guide me, How we can resolve this issue? Share your valuable points.........
Regards, Sakthi
As I have very big doubt in HRA workings in CTC.
There is no procedure/Law says about HRA workings. Since We all will go to new PF & ESI slap. In that PF calculation HRA is exemted. But there is no law says that HRA should be this much % in Gross salary. If the company can decide to fix the HRA themselves on the basis of Locality where the company situated that will not accepted by PF inspectors rather we can go with Income Tax act, It says 40% of basic is HRA that also not agreed by PF officials even it also a Local LAW.
So seniors please guide me, How we can resolve this issue? Share your valuable points.........
Regards, Sakthi