Hello Respected Team,
I'm going to start a small sized Dot-com company. I would like to know how to breakup the salary so that the employees, the company have good tax benefit and also would like to give them medical insurance and accident claim policy. Can all such benefits be provided in for a small sized company ?
For example as a founder/CEO I take Rs.6,00,000 p.a salary and employees have Rs. 5,00,000 p.a. and in total the company has 4 employees (including the CEO), then what is the most effective way to break the salary and also have tax benefits in place? Kindly assist. Thank you.
From India, Hyderabad
I'm going to start a small sized Dot-com company. I would like to know how to breakup the salary so that the employees, the company have good tax benefit and also would like to give them medical insurance and accident claim policy. Can all such benefits be provided in for a small sized company ?
For example as a founder/CEO I take Rs.6,00,000 p.a salary and employees have Rs. 5,00,000 p.a. and in total the company has 4 employees (including the CEO), then what is the most effective way to break the salary and also have tax benefits in place? Kindly assist. Thank you.
From India, Hyderabad
You can go and search basic tax exempted techniques in Tax Guru - Complete Solution for CA, CS, ICWA, MBA Taxpayers & Finance Professionals, there your can be learned lot of basic aspects.
From India, Madras
From India, Madras
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Typical salary breakup.jpg
Salary breakup format.xls