Dear Fishes,

Hope you are swimming well in your sea.
I have got an offer from a retail based company and my salary component divided into Basic, DA, HRA and Executive Allowances.

Although I know what Basic, DA and HRA is, but can anyone tell me what Executive allowance is? Is it taxable? It contributes to around 30% of my new salary.

Y.O.E: 4.7

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Yes taxable. All salary is taxable.

😋

Everything is taxable, don't even bother trying to understand what kind of allowance you are getting. All companies have different fancy names for the components.

Yup I guess. What matters is the salary getting credited at the end of the month 😜😜

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