Hi there,
Could anyone please help me with the correct salary breakup for Delhi/NCR as per the 2017 rules?
Here is the proposed breakdown:
- Basic Pay = 30% of Gross salary
- House Rent Allowance = 40% of basic pay
- Medical Allowance = ₹1,250 per month
- Conveyance Allowance = ₹800 per month
I hope this information helps. Let me know if you need any further assistance.
From India, Bhopal
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3Could anyone please help me with the correct salary breakup for Delhi/NCR as per the 2017 rules?
Here is the proposed breakdown:
- Basic Pay = 30% of Gross salary
- House Rent Allowance = 40% of basic pay
- Medical Allowance = ₹1,250 per month
- Conveyance Allowance = ₹800 per month
I hope this information helps. Let me know if you need any further assistance.
From India, Bhopal
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Salary Breakdown Considerations
The basic salary can be 30%-50% of the gross; however, it should not be less than the minimum wages as defined by the state government. The HRA should be 50% in respect of Metro Cities. The conveyance allowance is now admissible up to 1600 per month.
In addition to the above, you should include a statutory bonus as a compulsory part. To make it tax-friendly, you can introduce a reimbursement policy that includes LTA, phone reimbursement, fuel, etc. I hope the above will meet your requirements. Fellow members can shed more light on the matter.
From India, Delhi
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The basic salary can be 30%-50% of the gross; however, it should not be less than the minimum wages as defined by the state government. The HRA should be 50% in respect of Metro Cities. The conveyance allowance is now admissible up to 1600 per month.
In addition to the above, you should include a statutory bonus as a compulsory part. To make it tax-friendly, you can introduce a reimbursement policy that includes LTA, phone reimbursement, fuel, etc. I hope the above will meet your requirements. Fellow members can shed more light on the matter.
From India, Delhi
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The Delhi Factories (Amendment) Rules, 2017.pdf
Salary breakup format.xls