my new engineer draws a salary for 167000/- as he the needs to salary structure to avoid taxes his last company offering him petrol allowances food coupons n all, can u anyone please suggest me can we do that in our company as well, our is small software company in bangalore, please can u guide me how can make this salary byfurcation
From India, Bangalore
Hi shravanth,
The amount your new engineer is drawing is not taxable. Tax is exempted till 2,20, 000 rs . You can follow a normal break up. No need of adding new allowances.
Srilakshmi Korukonda

From India, Hyderabad
Hi, If your engineer draws 1,67,000 annually, the whole amount is tax exempted so there is not much tension of allocating the amount in different allowances. If it is otherwise, do let us know.
From India, Mumbai

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 Cite.Co™

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server