Hi Team, We wish to add Sodexo, LTA and VPF to our salary structure. The intention being maximum employees can save the tax. Can someone help me with salary calculator
From India, Pune
Acknowledge(0)
Amend(0)
From India, Pune
Acknowledge(0)Amend(0)
For Sodexo, you can count Rs. 50 per day per meal for the number of working days, which you can easily calculate. Similarly, one of their representatives can also help you with the same.
Secondly, LTA can be exempted only on the actual expenditure of the employee for traveling costs. Thus, you need to mutually agree on an amount that can be considered as LTA. Finally, the exempted LTA can only be the actual expenditure amount for traveling on leave.
VPF is again the choice of the employee for the amount to be contributed.
Acknowledge(0)Amend(0)
395Secondly, LTA can be exempted only on the actual expenditure of the employee for traveling costs. Thus, you need to mutually agree on an amount that can be considered as LTA. Finally, the exempted LTA can only be the actual expenditure amount for traveling on leave.
VPF is again the choice of the employee for the amount to be contributed.
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Creating a Competitive Salary Structure.doc
Salary Structure.zip