We are a manufacturing company in Bangalore. Kindly advise us the bifurcation method of CTC for our employees (Basic+HRA+Conveyance+medical+special allowance) etc., also please highlight on Income Tax saving salary structure for our employees who come in the purview of income tax.
From India, Bengaluru
1From India, Bengaluru
Hello,
The salary structure seems ok.
1. Since those paying rent can avail HRA deduction as per income tax rules.
2. Deduction for Conveyance is available upto Rs. 800/- p.a.
3. Medical allowance deduction upto Rs. 15,000/-is available subject to provision of medical bills by employees.
Thanks
Bhagyashree
From India, Pune
The salary structure seems ok.
1. Since those paying rent can avail HRA deduction as per income tax rules.
2. Deduction for Conveyance is available upto Rs. 800/- p.a.
3. Medical allowance deduction upto Rs. 15,000/-is available subject to provision of medical bills by employees.
Thanks
Bhagyashree
From India, Pune
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CTC Calculator.xls