Excel Salary Sheet Hra Exemption Calculation Formula Cite Hr

House Rent Allowance is granted to enable the employee to meet the cost of housing requirements. As per the Income Tax Act of 1961, an amount equal to 50% of the salary is provided when the residential house is situated in Delhi, Kolkata, Chennai, or Mumbai, and...

Hi Himani,Thank you very much.I am still not clear if companies could have discretion in fixing the HRA as it is related to the tax framework as well. Therefore, I don't think that companies can have sole discretion in deciding the HRA.YOUR VALUABLE COMMENTS PLE...

Hi,Can anyone out there help me to clear my query - "HRA is calculated on what percentage of the base salary" because I find varied deductions ranging from 30% to 50% in various salary slips of companies.Liritta

@Lirittasanju:> Hi,> Can anyone out there help me out to clear my query - "HRA is calculated on how % of the base salary" because I find varied deductions from 30% to 40% to 50% in various salary slips of companies.> LirittaDear HR,Greetings for the day :)Calcul...

To calculate the actual payable bonus for workers and staff in 2010 based on minimum and maximum wages in India, you can follow these steps:**Step-by-Step Guide:**1\. **Understand the Bonus Calculation:** In India, bonus calculation is governed by the Payment of...

I understand that you're looking for an Excel sheet that can calculate the salary hike for three years using various increment slabs. While I'm unable to share an Excel file here, I can guide you on how to create one.Here's a step-by-step guide:1\. Open a new Ex...