Hi,
I am getting good offer from one of the multinational company, and below are salary components along with Cash Perquisites mentioned by them,
Salary Components
Basic Salary:
House Rent Allowance:
Transport Assistance:
Retirement Allowance:
Special Allowance:
Cash Perquisites
Medical Expenses:
Leave Travel Assistance:
Residential Telephone / Internet:
I would like to know while calculating inhand salary which of them will be applicable? as far as I know BASIC + HRA is what I will get inhand,
How about Special Allowance will I get that as In hand amount ? also would like to know what is retirement allowance as they have mentioned below clause for same,
Provident Fund (PF) will be 12% of basic. The Retirement Allowance is not paid if Provident Fund is opted for, in which case the Firm will contribute 12% of basic salary to your Provident Fund account.
Thanks & Regards,
Sanjay
I am getting good offer from one of the multinational company, and below are salary components along with Cash Perquisites mentioned by them,
Salary Components
Basic Salary:
House Rent Allowance:
Transport Assistance:
Retirement Allowance:
Special Allowance:
Cash Perquisites
Medical Expenses:
Leave Travel Assistance:
Residential Telephone / Internet:
I would like to know while calculating inhand salary which of them will be applicable? as far as I know BASIC + HRA is what I will get inhand,
How about Special Allowance will I get that as In hand amount ? also would like to know what is retirement allowance as they have mentioned below clause for same,
Provident Fund (PF) will be 12% of basic. The Retirement Allowance is not paid if Provident Fund is opted for, in which case the Firm will contribute 12% of basic salary to your Provident Fund account.
Thanks & Regards,
Sanjay