Calculate the flat allowance that needs to be updated in the HRMS compensation section and in order to avoid letting monthly salary fall into kitty balance,
1. Enter your Annual Basic salary.
2. Enter your annual FBP
3. Claim FBP (Medical, LTA, Company Leased Car, Fuel) which needs to be credited into kitty monthly.
4. Claim FBP(HRA) which would be credited as part of your monthly salary.
You would be provided with the following information on calculate
1. Monthly Flat allowance
2. Professional Tax per year
3. Expected salary per month
4. PF (Employee contribution) per month
5. Total taxable income per year
6. Tax calculated as per prevailing tax slabs in India 2017-2018
I expect your valuable feedback and comments inorder to improve the app.