Hai, i want Salary statements, i know Basic percentage, and HRA percentage and i want conveyance percentage and L.T.A percentages
From India, Bangalore
From India, Bangalore
Dear Srinivas,
Compensation structure differ from organisation to organisation in order to save tax but let me give u a general bifurcation.
Basic is 30%
HRA is 30%
Conveyance is 25 %(or Rs 800)
Medical 10%
Others 5%
Also ,
LTA is 5% of annual CTC or max 75,000 which ever is lower.
Regards,
Vsharma
From India, Mumbai
Compensation structure differ from organisation to organisation in order to save tax but let me give u a general bifurcation.
Basic is 30%
HRA is 30%
Conveyance is 25 %(or Rs 800)
Medical 10%
Others 5%
Also ,
LTA is 5% of annual CTC or max 75,000 which ever is lower.
Regards,
Vsharma
From India, Mumbai
Hi, Conveyance allowance is 25% of basic salary or gross salary? also let me know if it is mandatory 25%. Because i have heard it is always 800 for all the salary structures. Thanks
From India, Bangalore
1From India, Bangalore
Hi Every one,
This is Sarfaraz, Joined in new growing company.
Let me know about actual percentage (%) of Conveyance Allowance and deduction on which amount either CTC or Basic salary.
I already know about conveyance allowance amount Rs. 1600/- for normal employees and Rs. 3200/- for handicapped employees.
If two employees salary is Rs. 8000/- and Rs. 12000/- then how to calculate their conveyance allowance, is any standard formula? kindly guide me.
Regards,
Sarfaraz
From India, New Delhi
This is Sarfaraz, Joined in new growing company.
Let me know about actual percentage (%) of Conveyance Allowance and deduction on which amount either CTC or Basic salary.
I already know about conveyance allowance amount Rs. 1600/- for normal employees and Rs. 3200/- for handicapped employees.
If two employees salary is Rs. 8000/- and Rs. 12000/- then how to calculate their conveyance allowance, is any standard formula? kindly guide me.
Regards,
Sarfaraz
From India, New Delhi
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ESI-Not-applica ble-on-Conveyan ce-Allowance.do c
Revision in conveyance allowance in Maharashtra from 1.10.2013.pdf