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Following are the components of salary:-
Basic Salary
Commissions/Incentives
Bonus
Dearness allowance
Child Education Allowance (better give as reimbursement to save tax)
Child Hostel Allowance (better give as reimbursement to save tax)
City Compensatory Allowance
Conveyance Allowance
House Rent Allowance
Leave Travel Allowance ( better give as reimbursement upto a maiximum of 15,000/- to save tax)
Lunch Allowance
Medical reimbursement to a maximium of 15,000/ (otherwise it will go in tax)
Newspaper allowance (better give as reimbursement to save tax)
Special Allowance
Gift voucher
From India, Delhi
Following are the components of salary:-
Basic Salary
Commissions/Incentives
Bonus
Dearness allowance
Child Education Allowance (better give as reimbursement to save tax)
Child Hostel Allowance (better give as reimbursement to save tax)
City Compensatory Allowance
Conveyance Allowance
House Rent Allowance
Leave Travel Allowance ( better give as reimbursement upto a maiximum of 15,000/- to save tax)
Lunch Allowance
Medical reimbursement to a maximium of 15,000/ (otherwise it will go in tax)
Newspaper allowance (better give as reimbursement to save tax)
Special Allowance
Gift voucher
From India, Delhi
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SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx