Can u pls sugggest on a better salary combination including (Salary +HRA+Transport allowance/Conveyance allowance) For a company paying salaries between 10000/- and 70000/- (per staff) ?
The maximum amount of Travelling allowance is 800/- ?
2 Replies
G.N.SENTHILKUMAR
(ACCOUNTS MANAGER)
(102 Points)
Replied 06 April 2012
Dear
You can break the salary component in the following ratio :
Basic +DA : 50%
HRA : 20%
Conv : 15%
Other Allow :15%
Shyam sasidharan Nair
(Articled assistant)
(34 Points)
Replied 09 April 2012
Sir ,
Is this a mantadatory combination or can i change this combination occording to our company structure ? Also can you provide me with rules and laws relating to the salary combination ? Also shoud i take into concern Income tax rules while making such a combination ?
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