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Flexi-pay salary structureHi recently my company has decided to adopt a flexi pay salary structure wherein i can decide the break up of my salary. components falling under flexi pay alta limit 040000/ bhra limit 60 of pf base salary my salary is > 8lakhs. do suggest what changes should i make to save tax regards bhaumik Flexi salary structureDear all i want to kow wt giudelines does one follows when introducing flexi salay structure in company? how is break up of salary done for each employee as per his/ her need? my e mail id is ns_neha1984rediffmail.com Meaning of basic pay under bonus actHi all kindly guide me on the following issue we are paying gross salary divided into following components 50 basic 50 flexi plan. under flexi plan we offer the employee to opt best suited options for him. hence the components came as hra food coupons medical reimbursement and sp. pay. sp. pay is the balance amt. left after all other components in the flexi plan and is taxable. e.g. gross salary 4lac basic 2lac and 2lac p.a. is flexi plan 1lac hra 13k food coupons 15k medical and rest 72k will be sp. pay. hence we may say that this is fixed amt. based on choice of employee for the financial yr. my query is for calculating salary eligibility criteria of 10k this sp. pay will be considered as part of salary or not. thanks in advance. swati saxena