Salary Certificate
This query is : Resolved
04 August 2010
Dear Sirs/ Madams,
Mr. X (an employee) is getting Rs. 45,833/- per month as his gross salary. The salary for him per month has been structured as follows:
Basic Salary - 22917.00
HRA -9166
Conveyance - 800
Medical - 1250
Food Coupon - 1300
LTA - 1910
Special Allowance - 8490
Total = 45833.00
Please advise whether this is correct?
Mr. X (an employee) is getting Rs. 45,833/- per month as his gross salary. The salary for him per month has been structured as follows:
Basic Salary - 22917.00
HRA -9166
Conveyance - 800
Medical - 1250
Food Coupon - 1300
LTA - 1910
Special Allowance - 8490
Total = 45833.00
Please advise whether this is correct?
04 August 2010
There is nothing called a correct salary structure. It all depends on the Co.'s policy of remuneration.
The above structure seems to be fine.
The above structure seems to be fine.
05 August 2010
Agree with Mr. Pradeep.
There are no hard & fast rules for salary structure. It depends upon company to company & its policies of compensation.
However, generally, companies follow certain limits for some heads according to Income tax laws for convenience. In your case, these limits appears to be followed like :
HRA : 40 / 50 % of Basic
Conv Allow. : Rs. 800/- p.m
Medical : Rs. 1250/- p.m
So it can be said to be a good structure.
There are no hard & fast rules for salary structure. It depends upon company to company & its policies of compensation.
However, generally, companies follow certain limits for some heads according to Income tax laws for convenience. In your case, these limits appears to be followed like :
HRA : 40 / 50 % of Basic
Conv Allow. : Rs. 800/- p.m
Medical : Rs. 1250/- p.m
So it can be said to be a good structure.
05 August 2010
agreed with mr. Subhash,
Generally company follow the structure like
Basic : 40% ot total gorss salary
HRA : 50% of Basic Salary
Convey ALlow : 800 Pm.
Medical Remibursement : 1250 Pm
Children Education Allowance : 200 Pm
Other Allowance
Generally company follow the structure like
Basic : 40% ot total gorss salary
HRA : 50% of Basic Salary
Convey ALlow : 800 Pm.
Medical Remibursement : 1250 Pm
Children Education Allowance : 200 Pm
Other Allowance
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
