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
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.
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
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network. Add the url of this thread if you want to cite this discussion.