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TAX BENEFIT COMPENSATION STRUCTURE


Currently the organization still follows a very simple salary structure. With employee salary hikes, it becomes imperative for the company to introduce a tax friendly structure. Please suggest an ideal salary structure to ensure maximum tax savings for employees
From India, Thane
Here are my suggestions :-
Limit basic to 30-35% of package
Introduce the following components if not introduced :-
1. HRA
2. Conveyance
3. Children Education Allowance
4. EPF
5. Medical Reimbursement
6. Leave Travel Allowance
7. Medical Insurance
8. Meal Card
From India, Bangalore
Do you want to withdraw PF without employer signature, your company is not ready to attest your form call me 09937894045
From India, Gwalior
Increase the basic upto 50% which will in effect increase the HRA, PF contribution, terminal benefits. Pon
From India, Lucknow
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India, Thane
27 June 2014 06.47.28 AM
Views: 1756 Replies: 3 Appreciations: 0
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