salary structure in pvt. co.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 January 2011 hello,

i am comfuse about salary structure in pvt. co. bcoz some body hr's takes 40% basic of gross salary some take 50 % or 30 & also same with HRA & conveyance & LTA so can u provide the legal & genuine salary structure for pvt. co.'s.

please help me

Regards
Rohit Barhgujar
LLB student
#9891315247

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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19 January 2011 No Salary structure is provided under any law for rivate Company. It depends on the management of the Private Company to frame a salary structure of an employees.

Genarally, medium sized private company provides following:

Basic
HRA
Special Allowance
Medical Reimbursement
Conveyence allowance

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Querist : Anonymous

Querist : Anonymous (Querist)

19 January 2011 Dear Sunil sir thank you so much.

Sir Can u bifurcate about the Spl.Allow., CCA , Driver Reimb., Petrol Reimb. & about LTA.

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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19 January 2011 Special allowance generally the rest portion after deduction of all other allowance from gross salary

CCA -city compensatory allowance based on working city it will differ,but mainly depend on Income tax limit

Driver reimb- based on hired driver salary

petrol- based on actual expenses

LTA- no limit actual expenses basis

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Querist : Anonymous

Querist : Anonymous (Querist)

20 January 2011 thank you so much ramesh sir.

sir can u tell me what is the limit of these allowance in income tax if u hv time......???

accordingly....

CCA

driver reimb.

and about the LTA .....?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 January 2011 Limits are differ from allowance to allowance, like Transport allwance Rs.800 per month, City compensatory allowance based on city, Driver reimburement need to be calculte based on perquisite valuation rules. LTA actuals as per travel tickets only

hope your query will clear, if ok please set as resolved

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Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2011 thankyou so much yes my all the query has clear.