Hi, I am designing a salary structure for a cosmetic company. Please describe why a salary structure is divided into different categories? Like Medical, House rent, CLA, Conveyance etc. Is it important to do so? Place where I previously worked, was providing medical facility as well but still some amount is mentioned as \"Medical\" over salary slip.
From Pakistan, Karachi
Rafay: Salaries are structured to ensure employees can plan their expenditure (nominal) and save on tax (strong reason). If you work with a good C.A or an HR/Tax consultant, then you'll get the right components and their limits (per provisions in the IT Act)
Hope this helps.

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 Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 CiteHRô

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