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.
CA.Vinita Gupta
(Expert)
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.
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