hi How can we make tax friendly salary structure for our employees ? Regards Anuradha
From India, Pune
22From India, Pune
For Pune - Maharashtra Location
Basic
HRA = ( Basic*40/100) Tax Free
Conveyance = 800 per month tax free
Medical Reimbursement = 1250 per month tax free
Sodoxho Coupons = 1350 per month tax free
Education Allowance = 100 per child (Maximum for 02 child tax free )
Hostel Allowance = 200 per child (Maximum for 02 child tax free )
Special Allowance = Taxable
From India, Pune
Basic
HRA = ( Basic*40/100) Tax Free
Conveyance = 800 per month tax free
Medical Reimbursement = 1250 per month tax free
Sodoxho Coupons = 1350 per month tax free
Education Allowance = 100 per child (Maximum for 02 child tax free )
Hostel Allowance = 200 per child (Maximum for 02 child tax free )
Special Allowance = Taxable
From India, Pune
HRA can be upto 50% of basic in metros.
Club allowance is non-taxable.
If the employee uses their own vehicle for official purposes, they can claim Fuel & maintenance charges as tax free. In lieu, they can not claim conveyance allowance Rs.800/- p.m for tax exemption.
From India, Lucknow
Club allowance is non-taxable.
If the employee uses their own vehicle for official purposes, they can claim Fuel & maintenance charges as tax free. In lieu, they can not claim conveyance allowance Rs.800/- p.m for tax exemption.
From India, Lucknow
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals. CiteHR connects professionals facing similar challenges, leveraging a vast knowledge base (100K+ downloads, 150K+ discussions) and targeted emails to engage experts in solving issues.
Creating a Competitive Salary Structure.doc
Salary Structure.zip