Options for Salary

Employee ID
NAME
Option dated

Fixed salary :
S.No. Particulars Limits (Rs.)
1 Basic salary 45% to 60% of Gross Total
3 H. R. A. Upto 100% of basic
4 P. F. (Employer’s contribution) 12% of basic (Note 1)
5 Special Allowance
TOTAL

Reimbursements :
S.No. Particulars Limits (Rs.)
1 Telephone expenses 90% of telephone bill subject to maximum of 10,000 p.a.
2 Conveyance Reimbursement 48,000 p.a or 25% of basic, whichever is less (Note 2)
3 Professional membership/training Upto 25,000 p.a. (Note 4)
4 LTA Upto Rs. 25,000 (Note 5)
TOTAL
GROSS TOTAL
Notes:
1 The employee will have to make an equivalent PF contribution which would be eligible for deduction u/s 88.
Reimbursement of expenses incurred on transportation would be made for personnel travelling between offices or from office to
clients' offices/other offices such as government departments, financial institutions/solicitors, etc and back. Supportings need to
be provided to claim conveyance.
2
All bills will be paid by account payee cheque only by the Firm/Company and directly to the Institute/Company concerned.
This is only available for membership or training programs to the following:IFA, BMA, ICAI, BCA, WIRC, ICSI, FICCI, CII,
ASSOCHAM, CITC, CIA, ISACA,ACFE, CIMA and others which may be notified from time to time. No other entities will be
4 allowed.
As per IT rules, subject to a maximum of Rs25,000 and the following should be submitted to the accounts:
*Approved leave application which must match with the date of travel
*Original counterfoil of the ticket as a proof of travel
5 *Original boarding pass incase of air travel
The allowances/benefits in the option are subject to the condition that these will be provided at no additional cost to the Firm. If
any perquisite value is applicable to any of these allowances/benefits or any tax payable subsequently, the employees shall be
6 liable to pay such additional tax as may be applicable, in accordance with the tax laws.
 Amount (Rs.)

Amount (Rs.)

0
0

deduction u/s 88.

ing between offices or from office to
s, etc and back. Supportings need to

e Institute/Company concerned.
AI, BCA, WIRC, ICSI, FICCI, CII,
me to time. No other entities will be

o the accounts:

d at no additional cost to the Firm. If

sequently, the employees shall be