Please advise with the Salary slip components which reduce the tax of both employer & employee
From India, Chennai
1From India, Chennai
Hi Manochitra,
From employer perspective, most of the employees benefits are being calculated on the Basic salary. Hence, the focus should be on the Basic salary.
For employees, you can include reimbursements items such as, Broadband, Mobile, Fuel, Leave Travel allowance, Sodexo vouchers, in addition HRA and medical allowance are by default.
The reimbursements items are non-taxable and that employees should submit appropriate bills for the said amounts on yearly basis.
The suggested salary components are below.
Basic,
HRA,
Medical Allowance,
Special Allowance,
Fuel,
Telephone,
LTA,
Broadband allowance
Sodexo vouchers
Regards
Thiyagu
From India, Bengaluru
From employer perspective, most of the employees benefits are being calculated on the Basic salary. Hence, the focus should be on the Basic salary.
For employees, you can include reimbursements items such as, Broadband, Mobile, Fuel, Leave Travel allowance, Sodexo vouchers, in addition HRA and medical allowance are by default.
The reimbursements items are non-taxable and that employees should submit appropriate bills for the said amounts on yearly basis.
The suggested salary components are below.
Basic,
HRA,
Medical Allowance,
Special Allowance,
Fuel,
Telephone,
LTA,
Broadband allowance
Sodexo vouchers
Regards
Thiyagu
From India, Bengaluru
Hi Thiyagu,
Thank you so much..
Can i make use of the above mentioned salary structure to both freshers and Senior level employees - Please advise..
I will be a great help for me, if the structure provided with the salary limits..
From India, Chennai
Thank you so much..
Can i make use of the above mentioned salary structure to both freshers and Senior level employees - Please advise..
I will be a great help for me, if the structure provided with the salary limits..
From India, Chennai
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