Hi! Can someone give me break up for Rs 15000 salary and Rs 20000 salary with following components: 1)Basic 2)HRA 3)Conveyence Break up must be tax free. Thanks....
From India, Delhi
Acknowledge(0)
Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
You can use the following salary breakups:
Salary Components
- Basic Salary
- H.R.A
- Conveyance Allowance
- Medical Allowance
- Business Attire Allowance
- Vehicle Maintenance Allowance
- Children Education Allowance
- Books & Periodicals Allowance
- Telephone Reimbursement
- Food Plus Cards
I have corrected the spellings and grammar in your text and formatted the list of salary components with proper line breaks. If you need any further assistance, feel free to ask!
From India, Vadodara
Acknowledge(0)Amend(0)
Salary Components
- Basic Salary
- H.R.A
- Conveyance Allowance
- Medical Allowance
- Business Attire Allowance
- Vehicle Maintenance Allowance
- Children Education Allowance
- Books & Periodicals Allowance
- Telephone Reimbursement
- Food Plus Cards
I have corrected the spellings and grammar in your text and formatted the list of salary components with proper line breaks. If you need any further assistance, feel free to ask!
From India, Vadodara
Acknowledge(0)Amend(0)
For salaries of ₹15,000 and ₹20,000, you should structure them as follows:
Salary Structure
- **Basic:** 50% of Gross
- **HRA:** If you are located in a metro city, HRA should be 60% of Basic
- **Conveyance:** ₹800
- **Medical Allowance:** ₹1,250
- **Special Allowance:** The remaining amount should be designated as Special Allowance
For a Gross Salary of ₹20,000, the individual will not fall into any tax brackets.
Regards
From India, Bangalore
Acknowledge(0)Amend(0)
653Salary Structure
- **Basic:** 50% of Gross
- **HRA:** If you are located in a metro city, HRA should be 60% of Basic
- **Conveyance:** ₹800
- **Medical Allowance:** ₹1,250
- **Special Allowance:** The remaining amount should be designated as Special Allowance
For a Gross Salary of ₹20,000, the individual will not fall into any tax brackets.
Regards
From India, Bangalore
Acknowledge(0)Amend(0)
Thank you, Jeevarathnam! Is the remaining Special Allowance in the above salary structure completely exempt from tax? I mean, what will be the limit for tax exemption for items falling under the remaining Special Allowance?
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
In above salary structure, HRA component is "if your place on Metros HRA 60% on Basic". But i think for metros its 50%?
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Check the structures required by you. For related tax computations, go to weblink provided therein.
From India, Gurgaon
Acknowledge(0)Amend(0)
From India, Gurgaon
Acknowledge(0)Amend(0)
HRA Exemption as per Section 10(13A)
As per Section 10(13A), HRA exemption is availed as below:
- Least of the following is exempt:
i) 50% of Basic + DA for Metro cities (for Non-Metro cities, it is 40%)
ii) Rent Paid less than 10% of Basic + DA
iii) Actual HRA received
From India, Gurgaon
Acknowledge(0)Amend(0)
As per Section 10(13A), HRA exemption is availed as below:
- Least of the following is exempt:
i) 50% of Basic + DA for Metro cities (for Non-Metro cities, it is 40%)
ii) Rent Paid less than 10% of Basic + DA
iii) Actual HRA received
From India, Gurgaon
Acknowledge(0)Amend(0)
Salary Break-Up for Small Companies
Basic: 10,000.00 13,000.00
HRA @ 40%: 4,000.00 5,200.00
Conveyance @ 10%: 1,000.00 1,300.00
Total: 15,000.00 20,000.00
This is a very simple method. Keeping HRA at 40% and Conveyance at 10% of Basic works well for small companies.
Regards,
Sivasankaran
From India, Chennai
Acknowledge(0)Amend(0)
Basic: 10,000.00 13,000.00
HRA @ 40%: 4,000.00 5,200.00
Conveyance @ 10%: 1,000.00 1,300.00
Total: 15,000.00 20,000.00
This is a very simple method. Keeping HRA at 40% and Conveyance at 10% of Basic works well for small companies.
Regards,
Sivasankaran
From India, Chennai
Acknowledge(0)Amend(0)
Yes, that's what I asked - that it's 50% for the metros. So, in the salary breakdown given above in one of the replies as:
- Basic: 50% on Gross
- If your place is in Metros, HRA is 60% on Basic
- Conveyance: 800
- Medical Allowance: 1250
- Remaining as Special Allowance
Is it valid to give HRA as 60% on basic?
From India, Delhi
Acknowledge(0)Amend(0)
- Basic: 50% on Gross
- If your place is in Metros, HRA is 60% on Basic
- Conveyance: 800
- Medical Allowance: 1250
- Remaining as Special Allowance
Is it valid to give HRA as 60% on basic?
From India, Delhi
Acknowledge(0)Amend(0)
There is no mandatory requirement regarding the percentage of Basic or allowances. Just ensure that Basic is not less than the minimum wages prescribed by your state government. The 50% or 40% are taken to maximize tax savings. You can certainly take HRA as 60% of Basic or even higher.
Regards,
Rajiv
From India, Gurgaon
Acknowledge(0)Amend(0)
Regards,
Rajiv
From India, Gurgaon
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
SALARY SHEET CALCULATION.xls
Salary calculation.doc