Salary Certificate

This query is : Resolved

Don Bosco (Querist)
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04 August 2010 Dear Sirs/ Madams,
Mr. X (an employee) is getting Rs. 45,833/- per month as his gross salary. The salary for him per month has been structured as follows:
Basic Salary - 22917.00
HRA -9166
Conveyance - 800
Medical - 1250
Food Coupon - 1300
LTA - 1910
Special Allowance - 8490
Total = 45833.00
Please advise whether this is correct?

CA. Pradeep Nayak

CA. Pradeep Nayak (Expert)
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04 August 2010 There is nothing called a correct salary structure. It all depends on the Co.'s policy of remuneration.

The above structure seems to be fine.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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05 August 2010 Agree with Mr. Pradeep.

There are no hard & fast rules for salary structure. It depends upon company to company & its policies of compensation.

However, generally, companies follow certain limits for some heads according to Income tax laws for convenience. In your case, these limits appears to be followed like :

HRA : 40 / 50 % of Basic
Conv Allow. : Rs. 800/- p.m
Medical : Rs. 1250/- p.m

So it can be said to be a good structure.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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05 August 2010 agreed with mr. Subhash,

Generally company follow the structure like

Basic : 40% ot total gorss salary
HRA : 50% of Basic Salary
Convey ALlow : 800 Pm.
Medical Remibursement : 1250 Pm
Children Education Allowance : 200 Pm
Other Allowance

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