Respected all,
In my comapany, we were paying Rs.20,000 p.m. as basic salary to an employee. The same is already paid for the period April- October. Now the employee wants the salary restructure so that he can take the benefit of Medical Reimbursement, Leave travel concession, etc. which are exempted under the head salary.
Can we reduce the basic to Rs.15,000 p.m. for the remaining period of November-march and pay the balance Rs.(5,000*5) i.e. 25,000 for remaining five months as medical reimbursement and leave travel concession.
Please help.
Regards,
Jyoti
In my comapany, we were paying Rs.20,000 p.m. as basic salary to an employee. The same is already paid for the period April- October. Now the employee wants the salary restructure so that he can take the benefit of Medical Reimbursement, Leave travel concession, etc. which are exempted under the head salary.
Can we reduce the basic to Rs.15,000 p.m. for the remaining period of November-march and pay the balance Rs.(5,000*5) i.e. 25,000 for remaining five months as medical reimbursement and leave travel concession.
Please help.
Regards,
Jyoti