Hello to all,
I have a few technical questions re. comp & ben in India;
- in the contracts, do you need to detail the CTC, ie basic salary, HRA, medical reimbursement... or can you just put one line of payment for everything,
- from a payroll perspective, I guess you then need to detail in order to pay the PF, gratuity and so on ?
- for the allowance part, what about if you just want to give a lump sum payment with no detailed breakdown of allowances and of course no opportunity to tax optimise for the employees; is this legal?
Thank you in advance to anyone who might have the answers to these questions...
Jean
I have a few technical questions re. comp & ben in India;
- in the contracts, do you need to detail the CTC, ie basic salary, HRA, medical reimbursement... or can you just put one line of payment for everything,
- from a payroll perspective, I guess you then need to detail in order to pay the PF, gratuity and so on ?
- for the allowance part, what about if you just want to give a lump sum payment with no detailed breakdown of allowances and of course no opportunity to tax optimise for the employees; is this legal?
Thank you in advance to anyone who might have the answers to these questions...
Jean