I badly need advise on calculation of my HRA. Below are the components of my salary besides my PF and PT. Please advise which components should I consider for the computation of HRA.
BASIC
HRA
CONVEYANCE ALLOWANCE
MOBILE ALLOWANCE
GRADE ALLOWANCE
SPECIAL ALLOWANCE
LOCAL CONVEYANCE
OTHER ALLOWANCE
HARDSHIP ALLOWANCE
Since I have no dearness allowance as listed in my salary breakup and I live in Mumbai, I want to know that from the remaining components which should I consider for the computation of HRA.
From United States, New York
BASIC
HRA
CONVEYANCE ALLOWANCE
MOBILE ALLOWANCE
GRADE ALLOWANCE
SPECIAL ALLOWANCE
LOCAL CONVEYANCE
OTHER ALLOWANCE
HARDSHIP ALLOWANCE
Since I have no dearness allowance as listed in my salary breakup and I live in Mumbai, I want to know that from the remaining components which should I consider for the computation of HRA.
From United States, New York
I think it is only Basic that you have to consider.. As mumbai is one of Metros so the Rule is that.. HRA should be 50% of basic wages... Hope it will help you.. Yogendra.
From India, Pune
1From India, Pune
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Other components of Manual.zip
HRA-Unit 2.ppt
FURMULA FOR CALCULATING GRATUITY.doc