Hi guys, I found this chart on the net. hope it helps :) Regards, Nupur MDI, Gurgaon
From India, New Delhi
From India, New Delhi
Hi All, I would like to add something to this, a consolidated version. Regards, AJ
From India, Thana
From India, Thana
Nupur and thinkjobs Both have gone into the FBT details so well that all doubts have been properly cleared. Very useful to practising CAs like us. Thanks, Gopan
From India, Kochi
From India, Kochi
Hi all!
Kindly suggest me the tax implications on employee's part as well as on employer's part with regards to the following salary structure-
Situation 1- Gross salary Rs. 50000
Basic 20000 HRA 40% of basic 8000 Children Education Allowance 200 Medical Allowance1250 Transport Allowance800 Vehicle maintenance allowance1600 Gift in Kind416.668 Telephone bill reimbursement1500 Meal Vouchers1500 Entertainment allowance 7500
Books and periodicals3000 Special Allowance remaining 4233.34
Kindly inform how much will the employee pay and how much will the employer pay with the above structure.
Thanks & Regards
Arpita
From India, Bangalore
Kindly suggest me the tax implications on employee's part as well as on employer's part with regards to the following salary structure-
Situation 1- Gross salary Rs. 50000
Basic 20000 HRA 40% of basic 8000 Children Education Allowance 200 Medical Allowance1250 Transport Allowance800 Vehicle maintenance allowance1600 Gift in Kind416.668 Telephone bill reimbursement1500 Meal Vouchers1500 Entertainment allowance 7500
Books and periodicals3000 Special Allowance remaining 4233.34
Kindly inform how much will the employee pay and how much will the employer pay with the above structure.
Thanks & Regards
Arpita
From India, Bangalore
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