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Calculation of Salary

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(Querist)
12 May 2010 What is the Cretirea for Calculating Basci salary, DA, HRA and Allowance.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 May 2010 It is based on company policy. examples. you can keep 50 % or 40 % on Gross salary as Basic and 40 % or 50 % on Basic keep HRA and DA and other allowances can keep up to the limit of tax exemption
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CA Pradeep Kumar Rajput

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CA Pradeep Kumar Rajput (Expert)
12 May 2010 better you read the salary chapter in income tax.......... its self explenatory........ and not that tough....
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