I need to suggest a new salary structure for my company that is more tax beneficial. I need to know how I can decide the different salary components' percentage in the bifurcation of the gross salary. Currently, we are using the following structure:
- Basic: 40%
- HRA: 30%
- Special Allowance: 30%
- Conveyance Allowance Fixed - 800
- Medical Allowance Fixed - 1250
Please advise on how I can use different components/allowances to provide more tax benefits to my employees.
Thank you,
Regards,
Trupti
- Basic: 40%
- HRA: 30%
- Special Allowance: 30%
- Conveyance Allowance Fixed - 800
- Medical Allowance Fixed - 1250
Please advise on how I can use different components/allowances to provide more tax benefits to my employees.
Thank you,
Regards,
Trupti