Re: Basic Pay
Hi
CTC of an employee has to be worked as under:
Rs.800 as conveyance allowance ( employee get tax benefit) Rs.1250 as Medical Reimbursement (employee get tax benefit) Remaining part CTC has to be distributed as under: 60% Basic 50% Basic as HRA 12% of PF - Employer contribution 4.75% of ESI - Employer contribution.
Hope this will give some idea to you.
Regards Sampath 919710928705
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