Solved: Hello SAP experts, I have been given an assignment to show my manager the HRA amount reflecting in payslip of my basic salary which is 25K. HRA is to be deducted
How to Calculate HRA Exemption in Excel Insertthe calculated amounts inC5, C6andC7. Enter thisformulato find the minimum amount of HRA. =MIN(C5:C7) This final amount is the HRA on basic salary. It will be deducted from the total amount of tax at the time of tax payment. ...
Our Salary structure comprises of Basic, DA, HRA, Conveyance, Allowances like Medical, LTA, & Kit allowance..entitled for PF also. Is there any strong reason that Basic pay should be appraised in case of increments...especially in IT companies (or any other concern) Any articles related ...
Is having higher basic salary good? "Generally, ahigher basic pay enhances the tax exemption limit for HRA. It also increases contribution towards retirement benefits like provident fund (usually 12 per cent of the basic pay) and superannuation fund, which means a lower take-home salary," says...