Salary Classification.
This query is : Resolved
16 September 2009
Dear Sir,
If I am drawing a salary Rs. 20000.00, how do you classified? like Basic %? + HRA %? + Medical Allowance %? + other allowance %?
Please reply.
Girisha Balekatte
If I am drawing a salary Rs. 20000.00, how do you classified? like Basic %? + HRA %? + Medical Allowance %? + other allowance %?
Please reply.
Girisha Balekatte
16 September 2009
Hey it would really depend on arrangement with your employer. For most of the employers, they fix the basic part and let the employee structure the rest variable part. For HRA calcualtion, you can use the formula mentioned in Income Tax Act for maximum benefit if you pay house rent. You can also include Rs. 800 as conveyance allowance. Thats on an overall basis I can say
16 September 2009
thank you for quick reply.
Normally, Basic and DA on what percentage they have calculated.
Normally, Basic and DA on what percentage they have calculated.
16 September 2009
no it varies from employer to employer that what % of CTC will be basic. I have seen 40-55%
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