HI FRIENDS M NEW HERE I JUST WANT TO ASK THAT HOW DO WE DECIDE HRA TRAVELL ALLOWANCES MEDICAL PF ON SALARY. KINDLY HELP Regards Gunjan
From India, Delhi
Acknowledge(0)
Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Gunjan Hr does not decide the HRA, alloawnces etc. Finance decides it. You need to sit with Finance and decide the best structure for your organization.
From India, Delhi
Acknowledge(0)Amend(0)
86From India, Delhi
Acknowledge(0)Amend(0)
is there any standardised tariff for calculation of the same considering the basic pay, i mean to say in %. pl inform with regards Kirti Kothari
From India, Hyderabad
Acknowledge(0)Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
normally rate of hra is considered 40-45% of basic + da if da is considered for pf calculation. otherwise 50% of the basic as hra is tax exempted.
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Dear All,
Please note that there are no written rules for deciding any allowances.
Your Basic and DA will not be less than minimum wages, and the rest will be as per the management policy and income tax regulations. This includes HRA, Con up to 800/-, Medical up to 1250/-, Education up to 200/-, which will be exempted from Income Tax.
Aashit
From India, Mumbai
Acknowledge(0)Amend(0)
Please note that there are no written rules for deciding any allowances.
Your Basic and DA will not be less than minimum wages, and the rest will be as per the management policy and income tax regulations. This includes HRA, Con up to 800/-, Medical up to 1250/-, Education up to 200/-, which will be exempted from Income Tax.
Aashit
From India, Mumbai
Acknowledge(0)Amend(0)
HRA differs from state to state. For example, in TN it's 40%, and in AP it's 50%. As one of the replies intimates, you can get in touch with a Senior Finance guy or with a Senior HR person. You need to provide the details of the employees to get a clear history.
From India, Madras
Acknowledge(0)Amend(0)
From India, Madras
Acknowledge(0)Amend(0)
Dear friends,
I am Anand, working as a manager (Admin. Acct). I just want to know whether there is any government act for calculating salary elements (HRA, DA, MA, LTA, and other allowances) or if we can calculate on our own. If anybody knows clearly about this, please send me your reply.
Thank you,
Goodbye
From India, Delhi
Acknowledge(0)Amend(0)
I am Anand, working as a manager (Admin. Acct). I just want to know whether there is any government act for calculating salary elements (HRA, DA, MA, LTA, and other allowances) or if we can calculate on our own. If anybody knows clearly about this, please send me your reply.
Thank you,
Goodbye
From India, Delhi
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
SALARY CALCULATOR & INCOME TAX.zip
EMPLOYEE SALARY INCOME TAX CALCULATION.xls x