My CTC includes consol pay-12500,DA-4500 & proffesnl devt.allowance-13500.PF is deducted on consol pay @ 12%.Can i take consol pay & DA for HRA calculation...?
Soumitra Biswas
(EXECUTIVE ACCOUNT & COMMERCIAL)
(46 Points)
Replied 10 September 2010
My CTC includes consol pay-12500,DA-4500 & proffesnl devt.allowance-13500.PF is deducted on consol pay @ 12%.Can i take consol pay & DA for HRA calculation...?
Sunshine
(Helping All)
(10575 Points)
Replied 11 September 2010
salary includes basic salary + D.A subject to retirement benefits + commission on fixed % of turnover achieved by the employee..
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 11 September 2010
DEAR FRIENDS,
SALARY FOR HRA INCLUDES BASIC PLUS DEARNESS ALLOWANCE PLUS COMMISSION BASED ON THE FIXED % OF TURNOVER. HOWEVER IF THE MIMIMUM COMMISSION IS FIXED IRRESPECTIVE OF TURNOVER ACHIEVED BY THE EMPLOYEE, THEN SUCH COMMISSION SHOULD NOT BE CONSIDERED FOR CALCULATION OF HRA.
REGARDS,'
MANOJ
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