📊 A. Earnings Components
| Components | Description | Excel Formula |
|---|---|---|
| 1. Gross Salary | You need to first decide a lump sum amount as Gross Salary | Adjustable Amount |
| 2. Basic & DA | Calculated as 60% of Gross in metro cities and 50% in non-metro cities. Minimum Wages Rule: If this value is lower than state-notified minimum wages, then minimum wages must be adopted. |
Gross × 60% |
| 3. HRA | Typically 40% of Basic & DA. Minimum 5% allocation required for compliance. | Basic & DA × 40% |
| 4. Other Allowance | Calculated as: Gross – Basic & DA – HRA Can be further split into Medical, City, and Special Allowances. |
Gross – Basic & DA – HRA |
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