Hi team,
I have a proprietorship marketing agency consisting of 9 employees. I intend to issue them a payslip and also deduct TDS from their salary. What kind of salary breakup components can I have here? I understand there are restrictions on the size of the organization for certain components like PF. But I would appreciate it if you could suggest components that can be employee-friendly and help in lesser deductions without adding a burden on the company.
Thanks.
From India, Mumbai
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I have a proprietorship marketing agency consisting of 9 employees. I intend to issue them a payslip and also deduct TDS from their salary. What kind of salary breakup components can I have here? I understand there are restrictions on the size of the organization for certain components like PF. But I would appreciate it if you could suggest components that can be employee-friendly and help in lesser deductions without adding a burden on the company.
Thanks.
From India, Mumbai
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Standard components are Basic, HRA, Medical Allowance, Conveyance, and Special Allowance. It is up to you to term the allowances. Sharing a useful article on this and hope it helps. https://blog.greythr.com/maximize-ne...your-employees
From India, Bangalore
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202From India, Bangalore
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