How to define salary structure for a Employee...? Like how to calculate HRA and Basic pay ,Conveyces
From India, Hyderabad
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From India, Hyderabad
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Please find attached salary breakups.
House Rent Allowance (HRA)
- HRA = 40% of basic (non-metro cities), 50% of basic (metro cities).
Conveyance Allowance
- Conveyance = 800 fixed (only 800 per month taken as a tax exemption).
Medical Allowance
- Medical = 1250 (only 1250 per month taken as a tax exemption).
Leave Travel Allowance (LTA)
- LTA = as per company policy (normally companies give 1250 per month).
Children's Education Allowance
- Children's Education = 100 per child, only for two children.
Thank you.
From India, Hyderabad
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6House Rent Allowance (HRA)
- HRA = 40% of basic (non-metro cities), 50% of basic (metro cities).
Conveyance Allowance
- Conveyance = 800 fixed (only 800 per month taken as a tax exemption).
Medical Allowance
- Medical = 1250 (only 1250 per month taken as a tax exemption).
Leave Travel Allowance (LTA)
- LTA = as per company policy (normally companies give 1250 per month).
Children's Education Allowance
- Children's Education = 100 per child, only for two children.
Thank you.
From India, Hyderabad
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Creating a Competitive Salary Structure.doc
Compensation Structure.ppt