Dear All, Kindly let me know, the salary emoluments breakup percentage for Basic, HRA, and Conveyance. Please clarify the percentage of break up will vary from company to company? Regards, S.Lavanya
From India, Puducherry
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From India, Puducherry
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In India, the salary breakup into Basic, House Rent Allowance (HRA), and Conveyance Allowance can vary from company to company based on their internal policies and structures. There is no fixed percentage mandated by law for these components. However, there are general guidelines that are often followed by companies.
- Basic Salary: The Basic salary is a fixed portion of the total salary and typically ranges from 40% to 50% of the total CTC (Cost to Company). This component is essential as it forms the basis for calculating various other benefits like gratuity and provident fund contributions.
- House Rent Allowance (HRA): HRA is provided to employees to meet their rental expenses. The percentage of HRA can vary but is usually around 40-50% of the Basic salary, depending on the city of residence and company policies.
- Conveyance Allowance: Conveyance allowance is given to employees to cover their travel expenses to and from work. The percentage for this allowance can vary widely but is typically a smaller portion of the total salary, often ranging from 5% to 10%.
It is important for employees to refer to their company's HR policies or consult with the HR department to understand the specific salary breakup applicable to their organization. Companies may have different structures based on industry norms, location, and internal compensation strategies.
From India, Gurugram
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44- Basic Salary: The Basic salary is a fixed portion of the total salary and typically ranges from 40% to 50% of the total CTC (Cost to Company). This component is essential as it forms the basis for calculating various other benefits like gratuity and provident fund contributions.
- House Rent Allowance (HRA): HRA is provided to employees to meet their rental expenses. The percentage of HRA can vary but is usually around 40-50% of the Basic salary, depending on the city of residence and company policies.
- Conveyance Allowance: Conveyance allowance is given to employees to cover their travel expenses to and from work. The percentage for this allowance can vary widely but is typically a smaller portion of the total salary, often ranging from 5% to 10%.
It is important for employees to refer to their company's HR policies or consult with the HR department to understand the specific salary breakup applicable to their organization. Companies may have different structures based on industry norms, location, and internal compensation strategies.
From India, Gurugram
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Typical salary breakup.jpg
Salary breakup format.xls