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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Salary Breakup Guidelines
It is advisable that Basic + DA should be more than 50% of the gross salary. HRA is typically 35 to 40% of the 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 the Special Allowance.
Regards,
S. Rajasekaran
From India, Madras
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4It is advisable that Basic + DA should be more than 50% of the gross salary. HRA is typically 35 to 40% of the 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 the Special Allowance.
Regards,
S. Rajasekaran
From India, Madras
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Understanding Basic HRA and Salary Calculation
Is it true that the basic HRA changes every month? I am a fresher and struggling to understand the salary calculation process in detail, as every company has its own format. I am unable to determine the correct format for our company. Kindly help me understand the basics. Please.
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From India, Hyderabad
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Is it true that the basic HRA changes every month? I am a fresher and struggling to understand the salary calculation process in detail, as every company has its own format. I am unable to determine the correct format for our company. Kindly help me understand the basics. Please.
Regards
From India, Hyderabad
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SALARY SHEET CALCULATION.xls
Salary calculation.doc