r4uonly
Dear It is good suggestion to for Reimbursements. Please break the salary into two part One will be actually salary and other will be in Frienge benifit and collect the full figure from the Employee.
For details please find the attachment.

From India, Calcutta
Attached Files (Download Requires Membership)
File Type: xls CTC.xls (31.0 KB, 547 views)

prashant1314
46

Dear r4uonly, PF Employee contribution also covered under Rs. 1lakh investment slab please confirm. Prashant 09850401160
From India, Pune
sanjay_deys
Hi,
Thanks to Amit Seth,Geeta and HRDX for their valuable contribution. Reimbursement of Petrol and Driver Salary( may be 10,000) per month can save tax of 30.9 % or 33.66% as the case may be . LTA can save tax but in each alternate year. The main idea is to make a portion of salary as reimbusement of expenses and take those out from salary slip.
Thnaks and Regards,
Sanjay

From India, Calcutta
diyanayak
Dear Ms. Perfectionst,
You can also increase the amt of meal vouchers. The maximum limit is Rs. 30,000 p.a whc comes to Rs. 2500/- p.m. As this does not attract FBT is a good way to save tax.
Regards
Diya

From India, Patna
rajkumarpuri
If a person who is drawing 12 lac as CTC and still does not pay just 10000 as Tax, which is not even 1% of the CTC he is earning, does not deserve any advice / sympathy. Whta he wants, everything FREE. How will the GOVT. run and and infrastuctures he wants to enjoy, will be constructed.
From India, Pune
vimalshrimali
Dear,
Few options :
You can increase Sodaxo meal coupens by Rs. 10,000 / month
You can reimburse cash for Driver's salary & vehicle mant.- Rs. 5,000/month
You can reimburse cash for Monthly petrol - Rs. 5,000/month
Rgds,
Vimal Shrimali

From India, Vadodara
sheoran.amit
8

You have to restructure your salary.
Put conveyance allowance and other allowance as reimbursement.
Employee can get his reimbursement after submission of bills.On this employee need not to pay tax but company have to pay(FBT) Fringe benefit Tax.
Regards
Amit

From India, Pilani
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