Basic HRA Percentage Calculation
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Please check your minimum wages notification; it should not be less than that as per the skill level.Regards,
Hi,It is clear that except Basic, all other components are not linked to attendance. This is the compensation and benefits policy of your company.Thanks.Regards,Hema
Can anybody help me? I wish to know what should be the percentage of DA compared to basic salary. For example, if I have put the total basic + DA = 40% of gross, I wish to include DA as well. What should be the DA % compared to basic?Regards,Deepak Uniyal
Basic pay accounting for 1/3 of the total annual cash (excluding bonus/variable pay) is ideal. This helps to actually balance the salary vis-a-vis the annual total cash and retirals.Further to the point on basic pay, I would like to emphasize that deciding how t...
Dear Aprans,Basic pay is approximately 43% of gross pay, although there is no fixed rule governing this percentage.Cheers!Monika
Hi Priyanka,The contents of the salary breakup are as below. You can prepare it according to your own preference. HRA would be 50 or 60% of the basic salary.- Basic- HRA = 40 or 50% of basic- TA = Rs. 800 (Exempted from Taxes)- Other Allowance- Mobile Reimbursem...
Dear All,Can anyone guide me on the following:Normally, the industry standard states that the percentage of Basic pay should be 40% - 45% of the gross salary. However, some companies also consider 60% - 70% of the Gross Salary (though I know there is no fixed ru...
Hello Seniors,I am currently studying HR through correspondence and need your help on a topic I am confused about. Can the HRA be any percentage of the basic/gross salary? I mean, can an employer pay, say, 10% or maybe 15% of the gross salary as HRA, or does it ...
Dear Prasenjit,Thanks for your reply. That's what I too think, it is 40% - 50%, but a friend of mine gets HRA that is 18% of basic. He works in a town in UP. I am getting more confused. Please help.Regards,R Kumar
Dear Kumar,HRA is 40% of basic for non-metro cities and 50% of basic for metro cities.For any clarification, feel free to write or discuss.