Items contains under salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 May 2013
Dear Expert,
I want to know that whether there is any criteria to divide whole salary into Basic/HRA/other various allowance etc.
for ex: if Mr. X gets 10000/- as whole salary so how can i divide that 10000/- under Basic/HRA/Other allowances etc.
is there any % wise distribution???
Please tell me the way which is more beneficial for the Employees under Income tax Act.
Waiting for your valuable response......
Thanking you.
I want to know that whether there is any criteria to divide whole salary into Basic/HRA/other various allowance etc.
for ex: if Mr. X gets 10000/- as whole salary so how can i divide that 10000/- under Basic/HRA/Other allowances etc.
is there any % wise distribution???
Please tell me the way which is more beneficial for the Employees under Income tax Act.
Waiting for your valuable response......
Thanking you.
18 May 2013
No Rule as such
But you can keep Basic as 40% of Salary.
But you can keep Basic as 40% of Salary.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Banking Related Issue
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
