♡Question ♡ Write the event procedures for calculating the gross salary, which is the sum of basic pay, HRA (house rent allowance) and CA (conveyance allowance).
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Home Income Tax City Compensatory Allowance (CCA)
City Compensatory Allowance (CCA)
Updated on Nov 27, 2019 - 04:29:38 PM
It is imperative for companies to retain its employees in the present-day competitive scenario. One of the biggest reasons behind an employee switching jobs is higher salary. Maintaining a certain living standard in a metropolitan city is not easy and stresses an individual’s salary to a great extent. It, therefore, becomes essential for an employer to ensure that the employee is remunerated suitably. This is the reason behind different types of allowances being paid to an employee in addition to the basic salary. One of the allowances that are offered to an employee working/living in a Tier-1 city like Delhi, Mumbai, Bangalore, Hyderabad etc. is City Compensatory Allowance or CCA