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the light
Can a company provides Conveyance and Medical allowance less than 800 and 1250 respectively, Example Conveyance Allowance:600 Medical allowance: 1000 Is there any problem in this? Thanks...
From India, Delhi
saiconsult
1897

Dear member
I have not come across any statute prescribing any minimum limit for HRA or conveyance allowance.In the absence of it, the contarct of servcie shall govern the isssue.Thus unless you have contracted to pay Con.all or med.allow at the rates mentioned above i.e Rs800/ and Rs1250/- there should not be any problem in paying Rs.600/- and Rs.1000/-
B.Saikumar
Mumbai

From India, Mumbai
pon1965
604

Conv. Allowance & Medical Assistance components (Rs.800/- & 1250/- p.m. respectively) are max. tax exempted components as per Income Tax rules. Not mandatory to stick to max. limit. Pon
From India, Lucknow
saiconsult
1897

Dear member
I have mentioned in my earlier reply that I have not come across any law on HRA, It should be read as medical allowance. So far as HRA is concerned, some states like Maharastra have passed a law on Minimum HRA to be granted by establishments.
B.Saikumar
Mumbai

From India, Mumbai
saiconsult
1897

It is not less than 5% of basic + DA subject to the minimum of 20%. B.Saikumar HR &Labour Law Advisor Mumbai
From India, Mumbai
D.GURUMURTHY
107

Dear Sir,
Conveyance, Medical Allowance are the benefits to be extended by the management.
There is no statutory effect for the above benefits. Managment may extend these facilities
based on their financial returns.
D.Gurumurthy
LL.HR.IR.Consultant,
Hyderabad.

From India, Hyderabad
saiconsult
1897

the minimum HRA payable as per the maharstar Act is not less than 5% of the basic+D.A subjectto the minimumof Rs.20/-p.m. it was inadvertantly mentioned as 20%. in my earlier reply.
BSaikumar
HR& labour Law advisor.

From India, Mumbai
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