Dear All,
To reduce the income tax amount, we are providing Food Coupons, Medical Reimbursement, LTA, etc. But I want to know what are other heads which can be non-taxable heads.
Please suggest your views.
Regards,
Devang Pandya

From India, Vadodara
pon1965
603
construction

Child Edu. allowance - rs.200/- pm/child (max 2 children) Conveyance allowance - rs.800/-pm Gift voucher - rs.5000/- p.a HRA - upto 50% of basic for metros & 40% for non-metros pon
From India, Lucknow
thaker_varun
1
Assistant Manager - HR

Dear Mr. Devang, I have a file for salary structure. Please find the attchment. hope it will useful to you. Regards, Varun Thaker (M) 9825052740
From India, Ahmadabad

Attached Files
File Type: doc Rules for Statutory Deductions Exemptions Perquisites-Payroll.doc (101.5 KB, 1725 views)

Hi Devang, Some more components Like Fuel Expenses, Driver Salary, Mobile Expense etc can helpful to reduce the income tax amount. Regards Tanu Jain
From India, Delhi
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