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How do you calculate house rent allowance based on salary?
In order to calculate the HRA, the salary is defined as the sum of the basic salary, dearness allowances and any other commissions. If an employee does not receive a commission or a dearness allowance, then the HRA will be around 40\% – 50\% of his/her basic salary.
Who is entitled for house rent allowance?
Most individuals who are salaried employees are entitled to House Rent Allowance (HRA) as a component in their salary package. If you are staying in rental accommodation, then as per Section10 (13A) of the income tax act, you can claim a tax exemption while filing your returns.
What is the percentage of HRA in 7th pay Commission?
According to the government’s order, the HRA is divided into three categories according to the cities – X, Y and Z. After revision, HRA for X category cities will be 27\% of basic pay, similarly HRA for Y category cities will be 18\% of basic pay while for Z category cities it will be 9\% of basic pay.
What is the HRA in 7th Pay Commission?
What is the salary of Group-B government employees in India?
In the 6th pay commission, most of the government employees of Group-B were in the pay band of ₹9300-34800 with grade pay from ₹4200 to ₹5400/-. The 7th pay Commission has put them pay levels 6 – 9.
What are the allowances a CG employee is entitled to?
A CG employee entitled various allowances according to the post and grade. Basically, a Govt employee granted basic pay, dearness allowance, house rent allowance, and travel allowance. In the deductions segment, initially, NPS and CGEGIS only performed.
What is the level 8 pay scale in central government?
The starting basic salary is Rs. 47600 and the minimum annual increment will be Rs. 1400. What is the Level 8 Pay Scale in Central Government? After implementation of 7th pay commission, the Grade Pay 4800 has been upgraded to pay matrix level 8 with starting basic salary Rs. 47,600 and the last 40th stage is Rs. 1,51,100.
What is the salary of a group-a officer in 7th Pay Commission?
In the 6th pay commission, most of the government employees of Group-A were in the pay band of ₹15600-39100 grade pay ₹5400 to ₹7600 also in the pay band of ₹37400-67000 grade pay ₹8700 to ₹10000. Now 7th pay commission has put all the Group-A officers in the pay levels 10-14.