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
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.
Regards,
Srilakshmi Korukonda
From India, Hyderabad
28The 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.
Regards,
Srilakshmi Korukonda
From India, Hyderabad
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Salary-Note.doc
SALARY SHEET CALCULATION.xls