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HRA & Other Breakup On Gross Or Basic??? - CiteHR

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Shai89308

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tittli
16

Dear friends,
1. Would like to know whether HRA, Conveyance, Medical, Education Allo.
is caluclated on basic or Gross??
2. Why do some companies fix conveyance at 800/- p.m is ther any
reason for this?
Regards
Tittli

From India, Bharuch
jatinadhav
3

Dear Tittli,
many companies have diffrent ways of calculating, howver while calculating we need to keep in mind that the basic and gross is fixed at par with minimum wages of that state.
Regards
Jatin
9762382477

From India, Pune
ajayraaghav
Yes Allowances are calculated on Basic Salary and Conveyance is 800 fixed because in Inocme tax maximum rebate on conveyance is 9600/- per year.... Ajaay Raaghav
From India, Coimbatore
Reema HR
8

ya Ajay is right.
Regards,
Reema

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From India, Coimbatore
manojchauhan
Hi tittli,
1. No, Allowances is not calculated on Basic or Gross Salary except HRA which is 50% of Basic.
2. Other Allowance is decided according to expemption in IT Act.
3. Conyence Allowance is fixed Rs.800 by most of the companies because as per IT Act only Rs.800 exemption is allowaned.
Regards,

From India, Delhi
Harish Gaur143
hi this is harish gaur i want to know how salary is divided in different head like basic,hra conv,cca,special allowaces,e,ducation allowance,medical allowance. tell me by taking 10000 as gross salary
From India, Delhi
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