Please advise with the Salary slip components which reduce the tax of both employer & employee
From India, Chennai
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1From India, Chennai
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From an employer's perspective, most employee benefits are calculated based on the basic salary. Therefore, the focus should be on the basic salary.
For employees, you can include reimbursement items such as broadband, mobile, fuel, leave travel allowance, and Sodexo vouchers. Additionally, HRA and medical allowance are provided by default. These reimbursement items are non-taxable, and employees should submit appropriate bills for the stated amounts on a yearly basis.
Suggested Salary Components
- Basic
- HRA
- Medical Allowance
- Special Allowance
- Fuel
- Telephone
- LTA
- Broadband Allowance
- Sodexo Vouchers
Regards, Thiyagu
From India, Bengaluru
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For employees, you can include reimbursement items such as broadband, mobile, fuel, leave travel allowance, and Sodexo vouchers. Additionally, HRA and medical allowance are provided by default. These reimbursement items are non-taxable, and employees should submit appropriate bills for the stated amounts on a yearly basis.
Suggested Salary Components
- Basic
- HRA
- Medical Allowance
- Special Allowance
- Fuel
- Telephone
- LTA
- Broadband Allowance
- Sodexo Vouchers
Regards, Thiyagu
From India, Bengaluru
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Hi Thiyagu,
Thank you so much.
Can I make use of the above-mentioned salary structure for both freshers and senior-level employees? Please advise.
It would be a great help for me if the structure provided with the salary limits.
From India, Chennai
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Thank you so much.
Can I make use of the above-mentioned salary structure for both freshers and senior-level employees? Please advise.
It would be a great help for me if the structure provided with the salary limits.
From India, Chennai
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Salary slip final.xls
Salary slip.doc