You should avoid this type of scenario, however each of the city has its own house rent allowance exemption. Hence it may not be possible for employee to save tax more than the prescribed limit.
You can use flexi benefit plan, Medical, LTA, Meal voucher etc. to reduce the tax burden.
Tax experts please suggest.
23rd May 2017 From India, Bangalore
This is Ganesh. I would like to ask there is a small query regarding salary structure.
is it possible to change the amount specified in basic?
E.g. in previous say the basic suppose is 1.5 L can it be reduced to say 90K for this fiscal year??? Please guide
26th May 2017 From India, Mumbai