Hi Friends,
Currently, my company follows the following salary structure:
- Basic
- DA
- HRA
- Conveyance
- Other Allowance
Kindly provide me with the guidelines for percentage fixing for the above breakup. What are the rules governing percentage fixing?
Thanks,
Vinoth
From India, Chennai
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Currently, my company follows the following salary structure:
- Basic
- DA
- HRA
- Conveyance
- Other Allowance
Kindly provide me with the guidelines for percentage fixing for the above breakup. What are the rules governing percentage fixing?
Thanks,
Vinoth
From India, Chennai
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Dear Vinoth,
The DA is as per the government notification. The Basic, as a rule of thumb, is between 30% to 50% of Gross. The HRA is 50% of Basic or 40% of Basic. The Conveyance is at Rs. 800/- per month (for ease of tax calculation); the Other Allowance is the balancing figure.
Regards,
Ashutosh Thakre
From India, Mumbai
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274The DA is as per the government notification. The Basic, as a rule of thumb, is between 30% to 50% of Gross. The HRA is 50% of Basic or 40% of Basic. The Conveyance is at Rs. 800/- per month (for ease of tax calculation); the Other Allowance is the balancing figure.
Regards,
Ashutosh Thakre
From India, Mumbai
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Conveyance can be upto 1600, 200 education allowance and 1250/- medical reimbursement and the remaining left can be named as Special allowance
From India, Mumbai
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From India, Mumbai
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Hi, you can keep salary breakups as below. There are no statutory provisions to keep the salary breakups. However, you should maintain basic & da as per minimum wage slabs.
- Basic: 60% of gross
- HRA: 20% of gross
- Conveyance: 10% of gross
- Other allowances: 10% of gross
Please ensure compliance with the minimum wage slabs while structuring the salary components.
From India, Mangaluru
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- Basic: 60% of gross
- HRA: 20% of gross
- Conveyance: 10% of gross
- Other allowances: 10% of gross
Please ensure compliance with the minimum wage slabs while structuring the salary components.
From India, Mangaluru
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