20 January 2016
An employee is allotted salary of Rs: 50000 p.m. in Basic, HRA, Education allowance, Hostel Allowance, Personal Development allowance. my question is upto what % can i distribute amount amongst them as per rule?
20 January 2016
YOU CAN ALLOCATE 50% BASIC ( SHOULD NOT BE LESS THAN MINIMUM WAGES ACT), 40% OF BASIC HRA, 1600 CA & BALANCE OA
Querist :
Anonymous
Querist :
Anonymous
(Querist)
20 January 2016
Kaviraja ji, 1) What is 1600 CA & Balance OA
2) Calculation should be Like this? Basic : 50000x50%: 25000 HRA : 25000x40%: 10000 Can rest of the amount Rs 15000/- be distributed between 3 allowances as mentioned above as per employer option?
20 January 2016
CA IS CONCVEYANCE ALLOWANCE AS PER INCOME TAX YOU GET BENIFIT RS.1600/- P.M , OA IS YOU CAN GROUP OTHER ALLOWANCES NO PARAMETER, IF YOU WANT YOU CAN ADD MEDICAL ALLOWANCE RS.1250/- P.M (MEDICAL BILL TO BE OBTAINED)
Querist :
Anonymous
Querist :
Anonymous
(Querist)
20 January 2016
Is exemption on medical allowance is available? Isn't treated as perquisites ?