CTC Fitment - Candidate has requested us that his CTC components should be bifurcated - CiteHR
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We have shortlisted a candidate for DGM-Materials position with us at CTC of 18 LPA
Candidate has requested us that his CTC components should be so bifurcated so that :
1. It should attract minimum/zero TDS.
2. He should be out of PF & ESI coverage.
3. He should get max. cash in hand (voucher payment).
4. Minimum component should appear in salary slip.
5. Max. should be paid thru voucher (in cash).
Ours is family business type of non professional company
Kindly revert back soon.

You can design CTC taking maximum advantage of Income Tax provisions. You can add reimbursements ilke fuel & maint. (upto Rs. 1,80000/yr), food vouchers (Rs. 2600/month), Gift voucher (Rs. 5000/yr), Children education allowance (Rs. 1200/yr/child - 2 children), HRA (up to 40% of Basic+DA), LTA (one Basic/Yr.), Hostel Allowance (Max Rs 3600/yr/child- 2 children), Office ware allowance (up to Rs. 24,000/yr.). All these reimbursement claims are exempted under IT act subject to submissions of proof.
Cash/voucher payment -may take advise of CA.
You may also explore to hire him as consultant.
Shailesh Parikh
99 98 97 10 65

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