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Pay roll

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(Querist)
20 October 2014 Hi Sir,

Is there any acts to decide limits and percentages on Gross salary for Basic pay,HRA and etc...
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@VaibhavJ

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@VaibhavJ (Expert)
20 October 2014 Hi

There is no law as such except in Maharashtra, there is The Maharashtra Workman's Minimum House Rent Allowance Act, 1983 HRA should be min. 5% of Basic Salary.

Also to give employee max tax benefit you should allow them maximum exempted allowance in their salary bracket viz: Conveyance allowance Rs. 800 etc..

Thnaks
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