Dear HR Fraternity,
Greetings of the day.
I am in the process of redefining my CTC structure. The current CTC structure doesn't have a tax-saving component. The tax burden on the employee is high due to this structure. For the benefit of our employees, I have decided to redefine the same by including tax-saving components to reduce the current tax burden.
I am attaching a sample CTC structure for 5 Lacs containing both the current and proposed structure.
I request the valuable inputs and feedback from the HR fraternity. The overall intention of this exercise is to help our employees save tax in a legitimate way and enjoy an increased net take-home salary.
From India, Rajkot
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4Greetings of the day.
I am in the process of redefining my CTC structure. The current CTC structure doesn't have a tax-saving component. The tax burden on the employee is high due to this structure. For the benefit of our employees, I have decided to redefine the same by including tax-saving components to reduce the current tax burden.
I am attaching a sample CTC structure for 5 Lacs containing both the current and proposed structure.
I request the valuable inputs and feedback from the HR fraternity. The overall intention of this exercise is to help our employees save tax in a legitimate way and enjoy an increased net take-home salary.
From India, Rajkot
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Hello, Mr. Rahman,
Greetings!
I have gone through the structure, and some updates are required in a couple of salary heads considering taxation. Taxation of perquisites is a very vast subject with a lot of details; it is not possible to explain everything here.
To assist you, I have enclosed a booklet released by the Income Tax Department of India for your kind perusal. Please go through the booklet.
From India, Mumbai
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Greetings!
I have gone through the structure, and some updates are required in a couple of salary heads considering taxation. Taxation of perquisites is a very vast subject with a lot of details; it is not possible to explain everything here.
To assist you, I have enclosed a booklet released by the Income Tax Department of India for your kind perusal. Please go through the booklet.
From India, Mumbai
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CTC Calculator.xls