![]() ![]() Relocation allowance: This is provided to employees who have to relocate from their place of residence for the job. ![]() The family here includes the spouse, children, and dependent parents or siblings. It usually covers air and railway fares for travel within India. Leave travel allowance: It covers the employee and his/her family's travel expenses while on a holiday (leave from work).Conveyance Allowance: This allowance covers the employee's cost of commute to and from the workplace.The share varies based on the location of the employee's residence (metro or non-metro). This amount is again decided as 40 to 50 percent of the basic. House Rent Allowance (HRA): HRA, as the name suggests, is meant as an allowance towards the rent paid by the employee.In case you receive DA, your PF will be calculated as a percentage (that is 12 percent) of the basic pay plus DA. Dearness Allowance: Received mostly by government employees, it is an allowance paid to reduce the impact of inflation on the employee.It usually makes up for 35 to 40 percent of your total pay. This is because it decides most of the other contents of your pay like EPF (Employee Provident Fund) share made towards your retirement fund. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |