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Salary related

(Querist) 08 February 2016 This query is : Resolved 
I have joined a sole proprietorship. I have to give salary bifurcation . One of our employee is getting 35000/- per month and i gave following bifurcation.
Basic 50% = 17500
DA 10% = 3500
HRA 40% of basic + DA = 8400
Transport Allowance = 1600
Children Education Allowance = 200
Special Allowance = 3800

Actually I had bifurcate 35000/- as on random basis.

My question is whether this %age is correct or i have to follow some fixed %age if any recommended by Act....??
Report Abuse
Dr J C Vashista (Expert) 08 February 2016
Commercial query.
Consult a local tax lawyer or CA.
P. Venu (Expert) 08 February 2016
You may post query at http://www.citehr.com/
Rajendra K Goyal (Expert) 08 February 2016
If the employee need bifurcation in another form, you can consider.
T. Kalaiselvan, Advocate (Expert) 14 February 2016
Well addressed by experts.

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