SALARY TO EMPLOYEES
This query is : Resolved
Pramod sapkal
(Querist)
03 February 2009
HI,
WHAT ARE THE PERCENTAGE ON CTC FOR CALCULATION SALARIES i.e. (BASIC ,HRA,CONVEYANCE ETC. IS ANY SOME PROVISION IN DIRECT TAXES, REGARDING THAT
PLS DO NEED FULL FOR ME
WHAT ARE THE PERCENTAGE ON CTC FOR CALCULATION SALARIES i.e. (BASIC ,HRA,CONVEYANCE ETC. IS ANY SOME PROVISION IN DIRECT TAXES, REGARDING THAT
PLS DO NEED FULL FOR ME
Gayathri Devi
(Expert)
03 February 2009
please will you clarrify me what is CTC
03 February 2009
there in no % in the Direct taxes for the component of basic hra conveyance etc
in Tax laws Rs.800 per month conveyance is allowed i.e.not taxable
hra is tax exempt LEAST of the followings:
1.50% of salary(basic,da,commission) in the 4 metros (Del,Mum,Chennai,Calcutta)
otherwise 40%
2.actual hra
3.excess of rent paid over and above of 10% salary
rds
cavipingarg
09211804209
in Tax laws Rs.800 per month conveyance is allowed i.e.not taxable
hra is tax exempt LEAST of the followings:
1.50% of salary(basic,da,commission) in the 4 metros (Del,Mum,Chennai,Calcutta)
otherwise 40%
2.actual hra
3.excess of rent paid over and above of 10% salary
rds
cavipingarg
09211804209
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