However, employers provide different types of allowances depending on employees’ duties.
Dearness Allowance is an allowance provided to reduce the impact of inflation. The allowance is fully taxable along with salary as per the Income Tax Act.
You can add dearness allowance to your employee's salary calculation via the SalaryBox app.
A meal allowance is also known as a food allowance and is provided by the employer to employees to purchase food. It can be provided as prepaid food cards or digital coupons.
If you want to add ameal allowanceto your employee's salary, refer to these steps.
Now you can add amedical allowanceto your employee's salary; refer to the given steps.
HRA is an allowance provided by the employer for accommodation purposes. However, it is only applicable if an employee lives in a rented house.
You can add HRA to your employees' salaries via SalaryBox. Here are the steps to do it.
Special Allowance is an allowance provided to employees to meet certain requirements in their duties. In addition, the remaining amount given, apart from other allowances such as HRA, medical, meals, etc., is referred to as Special Allowance.
To addspecial allowancesto the SalaryBox app, check out our guide here.
It is an allowance provided to employees that covers all the costs related to travel on duty. You can refer to thisarticle to know how to add it to your employee's salary.
Allowances may depend on companies and industries. Therefore, custom allowance allows you to add those allowances to your employees’ payroll calculation.
To add Custom Allowance to the application, check this article.
If you provide allowances to your employees on specific days or months of the year, you can add it as a specific allowance in the SalaryBox application.