| Precious_pg Started The Discussion: Hi folks, As we have following salary & deduction heads, I would request you to advise me the % range or the specific amount dedicated to each head. And also, the computation method wherever required. Basic HRA Conveyance Allowance Medical Mediclaim PF ESI Bonus Gratuity Pension Regards, Precious LTA
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I've added the first installment of changes to account for pension payments from gross wages. I know that there are changes with respect to National Insurance contributions to take into account also, but I'll get that sorted in a while. I hope everyone knows that if you are a higher rate taxpayer, i.e. you earn more than your tax free allowances plus £34,800, you need to either contact hmrc to get your tax code changed, or you need to complete a self assessment tax return in order to get the higher rate tax relief margin paid into your pension. You can contact me if you need any clarification on this. Thanks Money savings tips Found This Useful? +Vote Up This Page Via Google. Why Vote? User validation is extremely important for good content to prosper. | 1155 views4 replies Knowledgebase Categories Popular Discussions |
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Tax structure.xls