Please advise with the Salary slip components which reduce the tax of both employer & employee
From India, Chennai
1From India, Chennai
Hi Manochitra,
From an employer's perspective, most of the employee benefits are calculated based on the basic salary. Therefore, the focus should be on the basic salary.
For employees, you can include reimbursement items such as broadband, mobile, fuel, leave travel allowance, Sodexo vouchers. Additionally, HRA and medical allowance are provided by default. These reimbursement items are non-taxable, and employees should submit appropriate bills for the stated amounts on a yearly basis.
The suggested salary components are as follows:
- Basic
- HRA
- Medical Allowance
- Special Allowance
- Fuel
- Telephone
- LTA
- Broadband Allowance
- Sodexo Vouchers
Regards,
Thiyagu
From India, Bengaluru
From an employer's perspective, most of the employee benefits are calculated based on the basic salary. Therefore, the focus should be on the basic salary.
For employees, you can include reimbursement items such as broadband, mobile, fuel, leave travel allowance, Sodexo vouchers. Additionally, HRA and medical allowance are provided by default. These reimbursement items are non-taxable, and employees should submit appropriate bills for the stated amounts on a yearly basis.
The suggested salary components are as follows:
- Basic
- HRA
- Medical Allowance
- Special Allowance
- Fuel
- Telephone
- LTA
- Broadband Allowance
- Sodexo Vouchers
Regards,
Thiyagu
From India, Bengaluru
Hi Thiyagu,
Thank you so much.
Can I make use of the above-mentioned salary structure for both freshers and senior-level employees? Please advise.
It would be a great help for me if the structure provided with the salary limits.
From India, Chennai
Thank you so much.
Can I make use of the above-mentioned salary structure for both freshers and senior-level employees? Please advise.
It would be a great help for me if the structure provided with the salary limits.
From India, Chennai
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