Salary Breakup

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Office Executive
88 Points Posted on 24 March 2021
Is it mandatory to have a salary breakup like basic, hra , allowance etc. or it can be lumsum. If break up necessary what is the minimum break up
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On 24 March 2021 at 12:21 Report
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This discussion clarifies whether employers must provide a detailed salary breakup (like basic pay, HRA, and allowances) or if a lumpsum payment is permissible. It highlights that a salary breakup is crucial for accurately claiming tax deductions and exemptions when filing your Income Tax Return, such as for HRA or food vouchers.

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Chartered Accountant
24588 Points Posted on 24 March 2021
Get form 16 from employer there you will find out the salary break-up
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On 24 March 2021 at 12:36
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Chartered Accountant
5010 Points Posted on 24 March 2021

Breakup is required for claiming appropriate deductions/exemptions while filing the the Income Tax Return. Eg: HRA, Food coupons they all will be exempted from tax. 

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On 24 March 2021 at 12:50

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