Employee Friendly Compensation Structure

tanujvaid
Hi Friends,
As Compensation and Benefit Manager, I am looking forward to making Compensation Structure that are Employee Friendly and help saving tax.
Currently we have following components:
Basic Sal
HRA
Conv
Special Allowance
Flexi Allowance (Combo of Medical Reimb, Sodexho MEal and Gift Vouchers)
I am looking forward to adding lot more reimb items that will help save tax,
But need real guidance on some of the heads like:
Domestic Help Salary Reimb
Dress Expense Reimb
Journal Reimb
Renovation Reimb etc
Look forward to your support on the same
ajeet_sk
Business Attire Reimbursement, Information Update Reimbursement, Telephone Reimbursement, Medical Reimbursement, Commuting Reimbursement, Entertainment Reimbursement, Sodexho Coupons, etc... Request you to also check the revised tax structure and levy of FBT
tanujvaid
Thanks Ajeet,
We already have Sodexho Meal and Vouchers, medical Reimb, Car expense Reimb (At senior Level).
Do you have any idea on the limits of tax benefit on heads other than the one that we already have
tanujvaid
Thanks Ajeet,
We already have Sodexho Meal and Vouchers, medical Reimb, Car expense Reimb (At senior Level).
Do you have any idea on the limits of tax benefit on heads other than the one that we already have
pon1965
Children Edu Allowance - Rs.200/- p.m - Tax free
Children Hostel Allowance - Rs.300/- p.m - tax free
Spl. allowance is taxable
LTA - upto 2 months basic- tax exempted
Club Allowance - tax exempted
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