Hello.
Need help regarding salary break up. The package is 6.5 lac per annum of which 2.6 lac is Basic pay and 3.9 is Choice Pay. What is choice pay? And how do we get to ask for choice pay with tax benefits.
In the previous company, the gross was 40,900 and the net pay tome was 29,415. Rs.6000 was deducted as tax.
Kindly advise how to design the choice pay.
Thanks
Uma.
Need help regarding salary break up. The package is 6.5 lac per annum of which 2.6 lac is Basic pay and 3.9 is Choice Pay. What is choice pay? And how do we get to ask for choice pay with tax benefits.
In the previous company, the gross was 40,900 and the net pay tome was 29,415. Rs.6000 was deducted as tax.
Kindly advise how to design the choice pay.
Thanks
Uma.