Hi There,
The percentage:
Basic = 45% of CTC
HRA = 50% of Basic
PF = 12% of Basic
Ex-Gratia = 5% of CTC
Medical = Maximum 15000 per annum as per the guidelines from the IT department.
Conveance - Remainder Amount (we can make it non taxable by asking the employee to provide us bills and we can call it reimbursements instead of allowance.
Best Regards
Sumit
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