Ravi5554
Asst.manager -hr

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Hi Team,
I had few salary structure with me but i would request to please share a structure, i need one basic salary structure for below 5lac ( which is non taxable ) and above 5lac salary structure which will have all the component which will help our employee for tax saving part.
Kindly help me share me a proper statutory Salary structure.
Regards
Mohanty
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Dear Friend,
Here are the some salary strucher components where employees can save their tax.
1. Basic - Fuully taxable
2. HRA - 40% non metro & 50% for metro
3. Conveyance allowances - Exempt up to 19,200
4. Medical allowances - Exemption up to 15,000
5. Mobile & internet allowances -( The reimbursement of mobile and internet bills used for company purpose is tax free.)
6. Leave travel allowances -(You can claim LTA twice for two domestic trips with family in block of four years,There is no maximum limit of LTA and is decided by employer.)
7. Car maintenance allowances
8. Children education allowances -Rs.100 per month per Child and Rs.300 for Hostel Expenditure for maximum of two children is tax exempted.
Dear Friends,
There is no specific heads like conveyance and medical allowance for exemption, that and all excluded from last year. Only Rs.50,000/- as standard deduction for tax exemption for the year 2019-20.
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