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Hi Friends, Here is Compensation rules,Design & Guidelines. Please see the attachment. Keep Smiling........ mahesh k prasad
Hi Kunal, This file is not corrupted , but is in latest version of PDF However i am attaching the same in word file for you all. Regards mahesh kprasad
Hi I have some doubts.
I am balaram from Vizag - a Dist HQ of AP.
1. EPF is 13.61% for employer where it has mentioned as 13.75% ?
2. Does any one / some / whole (except HRA) differ from State to State ?
3. Gratuity is 15 days of last month pay...or ...basic ?
Please reply soon.
I am balaram from Vizag - a Dist HQ of AP.
1. EPF is 13.61% for employer where it has mentioned as 13.75% ?
2. Does any one / some / whole (except HRA) differ from State to State ?
3. Gratuity is 15 days of last month pay...or ...basic ?
Please reply soon.
Hi Balaram, What you have asked is all correct. It varries from state to state regarding HRA Gratuty = Basic+DA/26X15XNo of years service PF is correct Regards mahesh
Hi,
Just to add,
Food coupons are completely tax exempt with no upper limit + doesnot attract FBT also. Though the management has to be sensible enough in deciding the limit bandwise and capping it.
Gift vouchers are tax exempt with no upper limit but definitely attracts FBT.
regds,
Sona
Just to add,
Food coupons are completely tax exempt with no upper limit + doesnot attract FBT also. Though the management has to be sensible enough in deciding the limit bandwise and capping it.
Gift vouchers are tax exempt with no upper limit but definitely attracts FBT.
regds,
Sona
Hi Mahesh,
you have really given a wonderful description of the compensation and the guidelines. Thanks for sharing.
I hope you may also help us for further queries.
by the way, may i know your current company?
Regards,
Meghamadhulika
you have really given a wonderful description of the compensation and the guidelines. Thanks for sharing.
I hope you may also help us for further queries.
by the way, may i know your current company?
Regards,
Meghamadhulika
Hi Meghamadhulika,
I am working with Comart Group of companies Headquarterd at Mumbai having its branches at Bangalore & Gurgaon.
My pleaseure , you are most welcome for any help.
Many Thanks & Regards
mahesh k prasad
I am working with Comart Group of companies Headquarterd at Mumbai having its branches at Bangalore & Gurgaon.
My pleaseure , you are most welcome for any help.
Many Thanks & Regards
mahesh k prasad
Hi This is purnima. Ineed some help regarding Confirmation Appraisal System.The format for it the procedure a& practices that are followed. Kindle help me.
Hi Mahesh,
I was going through the attachment on the salary break up. I have a few questions, could you please help me out.
First, can we include a component called festival allowance in the fixed part of the salary and will it be taxable.
Second, do gift vouchers (Max Rs.5000 p.a) call for income tax on the part of the employee.
I have been working on a new salary structure and trying to introduce a few new reimbursement components which should not be taxable. We have at present, medical reimbursement, book & periodical and LTA. Could you please suggest some more.
I was going through the attachment on the salary break up. I have a few questions, could you please help me out.
First, can we include a component called festival allowance in the fixed part of the salary and will it be taxable.
Second, do gift vouchers (Max Rs.5000 p.a) call for income tax on the part of the employee.
I have been working on a new salary structure and trying to introduce a few new reimbursement components which should not be taxable. We have at present, medical reimbursement, book & periodical and LTA. Could you please suggest some more.
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#Listed In: special allowance City-India-Mumbai dear all new organisation food coupons financial year tax liability tax exempt employee friendly minimum wages it employees salary structure group of companies Country-India
Salary & Compensation Guidelines.zip
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