Dear All,
We have been providing Sodexo benefits until last month. However, our management has decided to discontinue this practice. Therefore, I need to include that amount in the Cost to Company (CTC). I would like to inquire if there is an allowance available through which employees can receive tax exemptions. Please provide clarification at your earliest convenience.
Regards,
Ranjani
From India, Madras
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2We have been providing Sodexo benefits until last month. However, our management has decided to discontinue this practice. Therefore, I need to include that amount in the Cost to Company (CTC). I would like to inquire if there is an allowance available through which employees can receive tax exemptions. Please provide clarification at your earliest convenience.
Regards,
Ranjani
From India, Madras
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You can try with Uniform Allowance which is taxfree for empoyee and employer as well.. Have few more opinion on this before implmenting. PK
From India, Pune
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From India, Pune
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Conveyance is exempted up to 800/- per month, i.e., 9600/- per annum.
HRA up to 50% of Basic Salary or actual paid, whichever is less, is exempted.
LTA, if as per IT rules, is applicable once in a block of two years with an option to carry forward to the next block. As per the current Supreme Court decision, there is no need to submit travel proof, only on a declaration basis.
Medical Allowance is exempted up to Rs. 15,000 per annum on the production of bills.
Uniform Allowance is exempted, but it cannot be attire allowance; it has to be for uniforms.
That's all I know for salaried people. Thanks.
Regards,
Pari
From India, Mumbai
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HRA up to 50% of Basic Salary or actual paid, whichever is less, is exempted.
LTA, if as per IT rules, is applicable once in a block of two years with an option to carry forward to the next block. As per the current Supreme Court decision, there is no need to submit travel proof, only on a declaration basis.
Medical Allowance is exempted up to Rs. 15,000 per annum on the production of bills.
Uniform Allowance is exempted, but it cannot be attire allowance; it has to be for uniforms.
That's all I know for salaried people. Thanks.
Regards,
Pari
From India, Mumbai
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Hi, Can anyone throw some more light on Uniform allowance or attire allowance? Min-max limit? Way to implment it? Thx & Regds, PK
From India, Pune
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From India, Pune
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Hi, For LTA now a good news for all employees for which now there is no compulsory for documentary proof it can help as tax saving. Please find details attached. regards Brijesh
From India, Pune
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From India, Pune
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Dear All,
Thank you for your inputs. Unfortunately or fortunately, we don't have something called a uniform, so we cannot provide a uniform allowance. However, we do provide all the other allowances as specified earlier. Anyways, thank you all.
Regards,
Ranjani
From India, Madras
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Thank you for your inputs. Unfortunately or fortunately, we don't have something called a uniform, so we cannot provide a uniform allowance. However, we do provide all the other allowances as specified earlier. Anyways, thank you all.
Regards,
Ranjani
From India, Madras
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Hi Brajesh,
Please note that although the Supreme Court has issued its verdicts, they have not yet been ratified by the Income Tax Organization. A notification from them is still awaited. Therefore, for the time being, the LTA rules concerning the submission of proof are in effect.
From United Kingdom
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Please note that although the Supreme Court has issued its verdicts, they have not yet been ratified by the Income Tax Organization. A notification from them is still awaited. Therefore, for the time being, the LTA rules concerning the submission of proof are in effect.
From United Kingdom
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Dear Geeta,
Kindly visit www.sodexhoindia.com. All your queries will be solved.
Kind Regards,
Vishal G
From India, Mumbai
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Kindly visit www.sodexhoindia.com. All your queries will be solved.
Kind Regards,
Vishal G
From India, Mumbai
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