Hi Ashish, PT is deducted in some specific states only, therefore its not mentioned here. This sheet is basically for the Delhi / NCR Guys.
From India, Faridabad
19From India, Faridabad
Hi All,
I am new in this forum. I am working as Head Specialization-HR (Faculty) in a Management College in Pune.
I would like to work as free lancer in recruitment so that after gaining some experience I may shift to the industry.
Can anyone please suggest how to go about this?
Regards,
Nidhi Khare
From India, Mumbai
I am new in this forum. I am working as Head Specialization-HR (Faculty) in a Management College in Pune.
I would like to work as free lancer in recruitment so that after gaining some experience I may shift to the industry.
Can anyone please suggest how to go about this?
Regards,
Nidhi Khare
From India, Mumbai
Hi Summit Can you please confirm whether Rs6,250.00 P/M as conveyance is non taxable subject to provision of bills. If so I would like to re design our salary structure. Regards Srinivasan
Hi Srinivasan,
It is certainly non taxable if paid out as a reimbursement. The employee will enjoy tax benefits as this would not form a part of the taxable income of the salary.
However, as an employer, the company shall pay a Fringe Benefit Tax of 6.78% on the total amount of reimbursement paid to its employees.
The best thing to do is to ask the employee about the kind of bills that he / she can provide the most common of them are:
- Medical (Upto a limit of INR 1250 per month)
- Conveyance (Allowed bills are fuel, car driver salary receipts, vehicle servicing bills)
- Telephone (Mobile & Landline bills in the name of the employee & prepaid recharge bills)
- Books & Periodicals
One good thing about a tax friendly salary structure is that the total amount of Reimbursements should not exceed 25% of the total gross salary of the employee.
Should you have any queries, please feel free to revert.
Thanks
From India, Faridabad
It is certainly non taxable if paid out as a reimbursement. The employee will enjoy tax benefits as this would not form a part of the taxable income of the salary.
However, as an employer, the company shall pay a Fringe Benefit Tax of 6.78% on the total amount of reimbursement paid to its employees.
The best thing to do is to ask the employee about the kind of bills that he / she can provide the most common of them are:
- Medical (Upto a limit of INR 1250 per month)
- Conveyance (Allowed bills are fuel, car driver salary receipts, vehicle servicing bills)
- Telephone (Mobile & Landline bills in the name of the employee & prepaid recharge bills)
- Books & Periodicals
One good thing about a tax friendly salary structure is that the total amount of Reimbursements should not exceed 25% of the total gross salary of the employee.
Should you have any queries, please feel free to revert.
Thanks
From India, Faridabad
Hi Nidhi,
You can start doing freelance recruiting with any good recruitment company, but almost all of them would ask you to submit a security of INR 15000 - 25000 since they will be sharing their job portal IDs and other resources with you.
Please write back for any clarifications!
Thanks
From India, Faridabad
You can start doing freelance recruiting with any good recruitment company, but almost all of them would ask you to submit a security of INR 15000 - 25000 since they will be sharing their job portal IDs and other resources with you.
Please write back for any clarifications!
Thanks
From India, Faridabad
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