Hi Team, We wish to add Sodexo, LTA and VPF to our salary structure. The intention being maximum employees can save the tax. Can someone help me with salary calculator
From India, Pune
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From India, Pune
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Sodexo Calculation
For Sodexo, you can count Rs. 50 per day per meal for the number of working days, which you can easily calculate. Similarly, one of their representatives can also help you with the same.
LTA Exemption
Secondly, LTA can be exempted only on the actual expenditure of the employee for traveling costs. Thus, you need to mutually agree on an amount that can be considered as LTA. Finally, the exempted LTA can only be the actual expenditure amount for traveling on leave.
VPF Contribution
VPF is again the choice of the employee for the amount to be contributed.
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384For Sodexo, you can count Rs. 50 per day per meal for the number of working days, which you can easily calculate. Similarly, one of their representatives can also help you with the same.
LTA Exemption
Secondly, LTA can be exempted only on the actual expenditure of the employee for traveling costs. Thus, you need to mutually agree on an amount that can be considered as LTA. Finally, the exempted LTA can only be the actual expenditure amount for traveling on leave.
VPF Contribution
VPF is again the choice of the employee for the amount to be contributed.
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