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Salary structure in india
Hello i need a help on salary structure in india. i means basic tax deductions. like professional tax pf etc please provide me a clear structure lets say an employee gets 20000/ as salary what will be his in hand salary after all deductions. please help me out.
Tax benefit compensation structure
Currently the organization still follows a very simple salary structure. with employee salary hikes it becomes imperative for the company to introduce a tax friendly structure. please suggest an ideal salary structure to ensure maximum tax savings for employees
Ctc structure for saving income tax - employees are complaining about the tax liability because of the structure
Dear seniors & colleagues please see the attachment & advise if the structure is correct. i want to revise ctc structure of employees as they are complaining for the tax liability because of the structure. i have talked to ca also according to them its fine but i have doubt about pt part that can we include pt under annual components of ctc structure or not ? please suggest its really urgent.... regards shikha jain
Need inputs on redefining the ctc structure with non taxable components
Dear hr fraternity greetings of the day i am in process of redefining my ctc structure. the current ctc structure doesn t have tax saving component. the tax burden on the employee is high due to this structure. for the benefit of our employee i have decided to redefine the same by including tax saving components to reduce the current tax burden. i am attaching a sample ctc structure for 5 lacs containing both the current and proposed structure. i request the valuable inputs and feedback from the hr fraternity. the overall intention of this exercise is to help our employees save tax in legitimate way and can enjoy increased net take home salary.
Tax structure in india!!!!
Tax in 1 qus. : what are you doing? ans.: business. tax: pay tax :lol: 2 qus. : what are you doing in business? ans.: selling the goods. tax: pay tax :lol: 3 qus. : from where are you getting goods? ans.: from other state/abroad tax: pay tax duty & 4 qus. : what are you getting in selling goods? ans.: profit. tax: pay tax 5 qus. : where you manufacturing the goods? ans.: factory. tax: pay duty 6 qus. : do you have office / warehouse/ factory? ans.: yes tax: pay & fire tax 7 qus. : do you have staff? ans.: yes tax: pay tax 8 qus. : doing business in millions? ans.: yes tax: pay tax 9 qus. : are you taking out over 25000 cash from bank? ans.: yes for salary. tax: pay cash tax 10 qus. : where are you taking your client for lunch & dinner? ans.: hotel tax: pay food & tax 11 qus. : are you going out of station for business? ans.: yes tax: pay tax 12 qus. : have you taken or given any service/s? ans.: yes tax : pay tax 13 qus. : how come you got such a big amount? ans.: gift on birthday. tax: pay gift tax 14 qus. : do you have any wealth? ans.: yes tax: pay tax 15 qus. : to reduce tension for entertainment where are you going? ans.: cinema or resort. tax: pay tax 16 qus. : have you purchased house? ans.: yes tax : pay duty & fee 17 qus. : how you travel? ans.: bus tax: pay 18 qus. : any additional tax? ans.: yes tax: pay & on all the s tax 19 qus. : delayed any time paying any tax? ans.: yes tax: pay & thanks payal
Tax structure and pay slip
Hi all can anybody provide me with inputs about : 1 the present tax structure of employed individual i want to know details like after what amount of income he has to pay tax how much they can he save to avoid more tax etc. 2 format for a pay slip your help is deeply appreciated as i am in need of this very badly. thanks and regards madhuree