What all does vda include?

Querist : Anonymous (Querist) 06 November 2011 This query is : Resolved
Dear Sir/Madam,

Am working for a Pharmaceutical Industry. Our organisation employs for more than 200 staff/workers. Our salary break-up includes Basic, HRA, Conveyance and Special allowances. but i heard that break-up can be given as Basic & DA. Am I right? or else please let me know what all can be inculded in DA.Is it Mandatory in giving break-up for the salary? please suggest me and do needful.......

thanking you,
Praneeth Reddy

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prabhakar singh (Expert) 06 November 2011
It depends on policy of employer what salary and in what breakup the same has to be given.

Providing DA is not any legal compulsion instead Rent allowance can be given where an employee can get better tax saving shelter as DA is taxable as salary but rent allowance gains some tax relief also.

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