I just want to know about the standard format for salary breakup. Is there a fixed percentage for conveyance allowances, special allowances, DA, etc.? Kindly do the needful for me as I am preparing for a startup company and I am also a fresher.
From India, Hyderabad
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From India, Hyderabad
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Dear Member, pls go through the attachment it will help you. Regards, Satesh K Rajam 9676444044
From India, Visakhapatnam
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From India, Visakhapatnam
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It is advisable that Basic + DA should be more than 50% of gross salary. HRA is 35 to 40% of Basic. IT is exempted up to Rs. 800 per month for Conveyance Allowance; hence the maximum amount for CA is Rs. 800. The adjustable amount would be Special Allowance.
S. Rajasekaran
From India, Madras
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4S. Rajasekaran
From India, Madras
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Is that the basic HRA will be changing every month? Actually, I am a fresher and not able to understand the salary calculation process in detail as every company has its own format. I am not able to fix it for our company. Kindly help me in knowing from basics. Please.
From India, Hyderabad
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From India, Hyderabad
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SALARY SHEET CALCULATION.xls
Typical salary breakup.jpg