In what ways the salary structure can be changed which a employee benefits from getting exempted from Tax. If any one let me know the different components of salary which are exempt from tax can for part of a salary structure?
From United States, Canton
1From United States, Canton
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Hi!
look total CTC could be distributed in tow component like Fixed and Variable. Fixed could be upto 40% of the total CTC and rest of the 60% could be put under the variable part under differnt heads of reimbursements like petrol, telephone, cellphone, driver's salary, atire allowance, entertainment allowance.
hope this clarify incase u need more clarity..
pls revert.
wishes
EAFIL :idea:
From India, Delhi
look total CTC could be distributed in tow component like Fixed and Variable. Fixed could be upto 40% of the total CTC and rest of the 60% could be put under the variable part under differnt heads of reimbursements like petrol, telephone, cellphone, driver's salary, atire allowance, entertainment allowance.
hope this clarify incase u need more clarity..
pls revert.
wishes
EAFIL :idea:
From India, Delhi
You can, depending on suitability, have food coupons/gift coupons(only if you have annual bonus as part of the package). hope this helps. -ankit
From India, Mumbai
From India, Mumbai
Please find the new version of Salary Master with new features.
Totally user-friendly program. You can enter your Company name, Address, Department, and Designations. You can set Categories of Fixed earning, Other Earning, Fixed deduction, and Other deduction in the Salary Slip. You can set the limit of ESI, P.F, Income Tax Slab for Man and Woman, Surcharge setting, and Professional Tax.
The program is designed in two modes:
(1) In Auto mode, salary slips will be generated as per your predefined data given in the "Company Detail Sheet."
(2) In Manual mode, Salary Slips will be generated as per the manual details given by you. It will not concern the data given by you in the "Company detail sheet." For example, we need to generate a salary for Regular Employee as per the company's policy. For that, you may put these employees on Auto mode, and it will generate the Salary slip as per your predefined data (If Basic is 25% of Gross, then it will auto calculate it). But some employees are temporary or we don't follow rules as per Regular employees, so this type of employee should be put on Manual mode and enter their data manually (here you have to manually enter Basic and other details).
The software contains:
1. Attendance Register.
2. Payroll Register.
3. Generate Salary Slip.
4. Track Employees' Leave history.
5. Track Income Tax of All Employees.
6. Print out Leave History of Employees.
7. Overtime Monitor.
8. Master Data sheet of All Employees.
9. Leave Calculation sheet.
10. ESI Calculation (Set Your Requirements).
11. P.F Calculation (Here there are Two Options: if Basic <= 6500 then Basic*12%, otherwise 6500*12%. Second is 12% of Basic).
12. Pension Scheme (not more than 541 rs submission).
13. TDS Calculation.
14. Annual Salary statement of Employee and Employer.
15. Employer Monthly Salary statement.
16. Income Tax Calculations.
17. Generation of Form No-6 (For ESIC).
18. Generation of Form no-3A (PF).
19. Generation of Form no-6A (PF).
Limitation: You have to monitor Leave of employees each month. When it goes minus, a red indication will glow on that cell so you have to put it on LWP; otherwise, minus leave will affect on the salary slip generation.
Required Attention: Please be vigilant about Auto and Manual mode and P.F selection.
If you find this useful, don't miss to drop Thanks...
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From India, New Delhi
Totally user-friendly program. You can enter your Company name, Address, Department, and Designations. You can set Categories of Fixed earning, Other Earning, Fixed deduction, and Other deduction in the Salary Slip. You can set the limit of ESI, P.F, Income Tax Slab for Man and Woman, Surcharge setting, and Professional Tax.
The program is designed in two modes:
(1) In Auto mode, salary slips will be generated as per your predefined data given in the "Company Detail Sheet."
(2) In Manual mode, Salary Slips will be generated as per the manual details given by you. It will not concern the data given by you in the "Company detail sheet." For example, we need to generate a salary for Regular Employee as per the company's policy. For that, you may put these employees on Auto mode, and it will generate the Salary slip as per your predefined data (If Basic is 25% of Gross, then it will auto calculate it). But some employees are temporary or we don't follow rules as per Regular employees, so this type of employee should be put on Manual mode and enter their data manually (here you have to manually enter Basic and other details).
The software contains:
1. Attendance Register.
2. Payroll Register.
3. Generate Salary Slip.
4. Track Employees' Leave history.
5. Track Income Tax of All Employees.
6. Print out Leave History of Employees.
7. Overtime Monitor.
8. Master Data sheet of All Employees.
9. Leave Calculation sheet.
10. ESI Calculation (Set Your Requirements).
11. P.F Calculation (Here there are Two Options: if Basic <= 6500 then Basic*12%, otherwise 6500*12%. Second is 12% of Basic).
12. Pension Scheme (not more than 541 rs submission).
13. TDS Calculation.
14. Annual Salary statement of Employee and Employer.
15. Employer Monthly Salary statement.
16. Income Tax Calculations.
17. Generation of Form No-6 (For ESIC).
18. Generation of Form no-3A (PF).
19. Generation of Form no-6A (PF).
Limitation: You have to monitor Leave of employees each month. When it goes minus, a red indication will glow on that cell so you have to put it on LWP; otherwise, minus leave will affect on the salary slip generation.
Required Attention: Please be vigilant about Auto and Manual mode and P.F selection.
If you find this useful, don't miss to drop Thanks...
Download: Free File Hosting & Video Downloads, Free File Sharing, Online Friends Network - Ziddu
From India, New Delhi
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