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Sir,actually we have started a pvt ltd company, and appointed sales team, like nsm, zsm, asm,tsm, so , promoter etc, for example if we give a gross salary of 50000 rs per month, how to do the break up calculation, in this professional tax will be how much? Is tds is applicable in this??
Kindly give me details urgently
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Hello there,
CTC should be prepare on basis of tax saving for employee and employer, so in your case if gross is 50,0oo the CTC is given as
Basic: 22,000 (cannot exempt from tax)
HRA: 11,000 (Exempt from tax)
Uniform: 5,000( Exempt from tax)
school fee and hostel for 2 kids: 3600 (Exempt from tax)
LTA: Remaining balance (Exempt from tax)
all the above components, are only valid if bills are valid
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