Salary structure

Hai,

  LET US ASSUME THAT  RS. 1000/- IS THE TOTAL SALARY,

  THEN 60% OF THE AMOUNT I.E., 600/- WILL BE THE BASIC+DA,

  AND 30% WILL BE HRA I.E., 300/-  AND 10% WILL BE THE CONVEYANCE ALLOWANCE I.E., RS.100/-

AS PER SEC.10(13A)  THE LEAST OF THE FOLLOWING THREE IS EXEMPTED.

  1. HOUSE RENT ALLOWANCE RECIEVED.

  2. 50% OF SALARY IN CASE OF RESIDENTIAL ACCOMDATION STUATED IN DMCC(METRO CITIES), 40% IN ANY OTHER CASE.

3. RENT PAID IN EXCESS OF 10% SALARY .

 HERE SALARY MEANS  BASIC SALARY +D.A ONLY.