Hi all,
Can anyone tell me whether HRA, conveyance allowance, etc., should be calculated proportionately depending on the number of days present, or should the same be given in full even if a person has not worked for all days in a month?
Thanks,
Subramanian V
From India, Bangalore
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Can anyone tell me whether HRA, conveyance allowance, etc., should be calculated proportionately depending on the number of days present, or should the same be given in full even if a person has not worked for all days in a month?
Thanks,
Subramanian V
From India, Bangalore
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Dear Subramanian, Greetings of the day, The HRA, Conveyance etc what so ever any orgnisation paid in monthly will be calculted on the basis of no of day in a month.
From India, Delhi
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27From India, Delhi
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Dear Subramanian,
All calculations are based on the number of days worked. HRA and other allowances are what employees receive at the end of the month. If these do not fluctuate, how will the entire salary fluctuate?
Regards,
From India, New Delhi
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All calculations are based on the number of days worked. HRA and other allowances are what employees receive at the end of the month. If these do not fluctuate, how will the entire salary fluctuate?
Regards,
From India, New Delhi
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Dear Mr. Subramanian,
This is a matter of Company Policy. In our company, previously we were paying HRA and Conveyance for the full month if a person had worked more than 25 days in that month. Since 2007, we have been using the Tally package, and this system of calculation is not supported by Tally. Tally is an international package framed with international accounting standards as well as the prevailing accounting standards of different countries. Currently, we are calculating the salary based on the actual number of days worked. Therefore, it is a matter related to your company policy.
Regards,
Modi Ashok Kumar
From India, Bangalore
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This is a matter of Company Policy. In our company, previously we were paying HRA and Conveyance for the full month if a person had worked more than 25 days in that month. Since 2007, we have been using the Tally package, and this system of calculation is not supported by Tally. Tally is an international package framed with international accounting standards as well as the prevailing accounting standards of different countries. Currently, we are calculating the salary based on the actual number of days worked. Therefore, it is a matter related to your company policy.
Regards,
Modi Ashok Kumar
From India, Bangalore
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Please note, conveyance Allowance Rs. 800/- per month, HRA 50% of basic in Metro cities, and 40% of basic in cities other than Metro are exempt from Income Tax. To qualify for the HRA exemption, certain calculations need to be done.
From India, Delhi
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From India, Delhi
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hra is always and everywhere in the world count as a 50% of the basic salary
From Pakistan
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From Pakistan
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Actually, there is no fixed percentage mentioned in any books. Salary breakups can depend on the company policy, so it may vary from company to company.
Most companies set conveyance allowance at 800/-, which is tax exempted.
From India, Vijayawada
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Most companies set conveyance allowance at 800/-, which is tax exempted.
From India, Vijayawada
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Hello all We are also count HRA 50% on basic salary, and conveyance Allowance Rs.800/- to 1200/- but i also want to know that is that any written document of that?
From India, Rajkot
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From India, Rajkot
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Hi,
What if the company's calculation is different? You can see the pattern arranged in my firm as follows:
- Basic + Gross (No Gross in hand)
- Relocation Allowance
- Bonus
- Travel Allowance
- Canteen & Lunch
- Extra
Please provide suggestions on this. I am in HR. How do I create a payslip? What are the best additional evaluations that can be added to this slip? Please send a sample salary for this.
Thank you,
Hetal
Email: hetalmaroliwala@gmail.com
From India, Mumbai
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What if the company's calculation is different? You can see the pattern arranged in my firm as follows:
- Basic + Gross (No Gross in hand)
- Relocation Allowance
- Bonus
- Travel Allowance
- Canteen & Lunch
- Extra
Please provide suggestions on this. I am in HR. How do I create a payslip? What are the best additional evaluations that can be added to this slip? Please send a sample salary for this.
Thank you,
Hetal
Email: hetalmaroliwala@gmail.com
From India, Mumbai
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SALARY SHEET CALCULATION.xls
Salary calculation.doc