tsnishikant
Dear All,
Herewith i have attached CTC structure under review in my company.
i want to clarify on :
A. what is permissible limit of City Compensatory allowance.
right now i am using it as Balancing figure.
B. Whether PF Applicable on City compensatory allowance.
C. PL is part of CTC ? valid or not
please give some suggestion to make it more lucrative from employee,company and income tax point of view.....
Regards
Nishikant

From India, Surat
Attached Files (Download Requires Membership)
File Type: xls New CTC.xls (181.5 KB, 553 views)

pon1965
604

B. CCA is not considered for PF contribution. C. PL is not part of CTC in many organisations. But no guidelines are avl to arrive the CTC. It varies from company to company. Pon
From India, Lucknow
pon1965
604

Nishikant,
You can increase the HRA upto 40% of basic in case of Non-metros or 50% for metros so that I.T.exemption can be claimed.
Medical can be increased to Rs.1250/- p.m as it is tax free subject to the production of bills.
Similarly LTA can be increased. try to reduce spl. allowance as it is fully taxable.
Pon

From India, Lucknow
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