SALARY TO EMPLOYEES
This query is : Resolved
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
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- Putting a heading on received mail
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
