What is the persentage we can take form GROSS SALARY when Monthly salary Pay Slip create for any employee
1) Basic
2) HRA
3) City Allowance
Suppose Mr. Ram Gross Salary Rs. 22000.00 . Comapny doesnot paid any overtime
1 Replies
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 09 June 2017
It can be calculated as per company payroll........
1) You may calculate Basic 50% of Gross Salary
22,000*50%= 11,000/- (As per your choice)
Calculate HRA 50% if Metro City. Not Metro City 40% ( It is not mandatory that you have to calculate 50%/40% on Basic but HRA should not be more than 50%/40%
11,000*50%= 5,500/-
Remaining amount you may declare as CIty Allowance
22,000-11,000-5,500= 5,500/-
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