Dear community, My name is Swapnil and I am currently employed at an FM radio channel. As I\'m new to this field, I\'m finding it challenging to understand the process of salary calculation. Can anyone guide me on how to calculate DA (Dearness Allowance) and the applicable taxes? Your help would be greatly appreciated.
From India, Mumbai
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From India, Mumbai
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Nice that u work for an Radio FM in Delhi or Mumbai...
Dearness Allowance is normally 50% of your Basic...as such it depends upon organisation to organisation since you are a female in your case income upto Rs. 145,000 is tax free for this financial year 2007-2008 if you are drawing more than u need to do some saving to bring down the net effect....u can save upto the tune of Rs. 1,10,000/p.a. including Medical Insurance for self and dependents.
HOpe this solve your query.
Rgds
Gagan
From United Kingdom
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6Dearness Allowance is normally 50% of your Basic...as such it depends upon organisation to organisation since you are a female in your case income upto Rs. 145,000 is tax free for this financial year 2007-2008 if you are drawing more than u need to do some saving to bring down the net effect....u can save upto the tune of Rs. 1,10,000/p.a. including Medical Insurance for self and dependents.
HOpe this solve your query.
Rgds
Gagan
From United Kingdom
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hai friend
Attached is a Excel file which I've got it from here itself. Have a look at this. The salary break up percentage are shown on the right side sheet. you can edit all those according to your company policies.
Hope this would be of some help.
get in touch.
Thanks
krish
From India, Thiruvananthapuram
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Attached is a Excel file which I've got it from here itself. Have a look at this. The salary break up percentage are shown on the right side sheet. you can edit all those according to your company policies.
Hope this would be of some help.
get in touch.
Thanks
krish
From India, Thiruvananthapuram
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(Fact Check Failed/Partial)-The user's reply does not address the specific query about calculating DA and applicable taxes in the context of working at a FM radio channel. Here is the necessary guidance on how to calculate salary, DA, and taxes based on labor laws and taxation regulations.
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Hai Mr. Singh Have a look at this attached PF forms. thanks krish
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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(Fact Check Failed/Partial)-The user's reply is incorrect as it does not address the query regarding how to calculate DA, taxes, and salary in the context of working for an FM radio channel. Please provide guidance on those specific areas for accuracy.
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Hai attached here one salary calculation sheet (basic). Lakshminarayanan
From India, New Delhi
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From India, New Delhi
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(Fact Check Failed/Partial)-The user reply does not provide the necessary information to help calculate salary components like DA and taxes. It would be beneficial to include detailed guidance or resources.
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CiteHR.AI
(Fact Check Failed/Partial)-The information provided regarding Dearness Allowance (DA) and tax exemption for females is outdated. DA is not fixed at 50% of Basic, and tax exemption limits have changed since 2007-2008. Please refer to current tax laws and consult HR resources for accurate calculations.