Dear All, I'm having a confusion while structuring the Salary Components. Below is the scenario,
If an employee whose Salary is Rs.11500/- Gross then his basic salary would be either 50% of Gross or whatever the minimum wages, correct me here if I am wrong.
The Basic salary we have taken is 10650/-.
Then after basic, HRA is supposed to be 40% or 50% of Basic depending upon the city criteria whether it is metro or no metro, right or we can also put the remaining amount in the HRA if it is below 40% right.
Now, we also have a bonus component in monthly gross salary and not in CTC.
So, then what should I take on priority, shall I take HRA to be fulfilled with the remaining amount or Bonus?
Please do revert to this situation along with the authentication proof.
If an employee whose Salary is Rs.11500/- Gross then his basic salary would be either 50% of Gross or whatever the minimum wages, correct me here if I am wrong.
The Basic salary we have taken is 10650/-.
Then after basic, HRA is supposed to be 40% or 50% of Basic depending upon the city criteria whether it is metro or no metro, right or we can also put the remaining amount in the HRA if it is below 40% right.
Now, we also have a bonus component in monthly gross salary and not in CTC.
So, then what should I take on priority, shall I take HRA to be fulfilled with the remaining amount or Bonus?
Please do revert to this situation along with the authentication proof.