Exploring Non-Taxable Income Options: What Else Can We Include in Salary Packages?

devansh

Non-Taxable Income Options

To reduce the income tax amount, we are providing food coupons, medical reimbursement, LTA, etc. However, I would like to know what other heads can be non-taxable. Please suggest your views.

Regards,
Devang Pandya

pon1965

Child Education Allowance - Rs. 200/- per month per child (maximum 2 children).

Conveyance Allowance - Rs. 800/- per month.

Gift Voucher - Rs. 5000/- per annum.

House Rent Allowance (HRA) - Up to 50% of basic salary for metros and 40% for non-metros.

thaker_varun

Salary Structure Attachment

I have a file for the salary structure. Please find the attachment. I hope it will be useful to you.

Regards,
Varun Thaker
[Phone Number Removed For Privacy Reasons]

1 Attachment(s) [Login To View]

tanujain

Some more components like fuel expenses, driver salary, mobile expense, etc., can be helpful to reduce the income tax amount.

Regards,
Tanu Jain

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