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Salary combination

IFRS 918 views 2 replies

Can u pls sugggest on a better salary combination including (Salary +HRA+Transport allowance/Conveyance allowance) For a company paying salaries between 10000/- and 70000/- (per staff) ?

 

The maximum amount of Travelling allowance is 800/- ?

Replies (2)

Dear 

You can break the salary component in the following ratio :

Basic +DA  : 50%

HRA            : 20%

Conv           : 15%

Other Allow :15% 

Sir ,

Is this a mantadatory combination or can i change this combination occording to our company structure ? Also can you provide me with rules and laws relating to the salary combination ? Also shoud i take into concern Income tax rules while making such a combination ?


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