Hi All,
I am fresher and I have recently picked a job in a MNC. Since I am new to the corporate world I have problems in understanding my salary structure.
In my pay structure the HR has included Medical Reimbursement of 15000/annum in my Fixed Base Pay and then under Benefits/Earnings in Kind they have included Medical Insurance of Rs.13829/annum.
I want to know
1. What is the difference between the two?
2. Will I get these amount in hand or not?
3. Are they taxable?
Waiting for a quick reply.
Thanks
I am fresher and I have recently picked a job in a MNC. Since I am new to the corporate world I have problems in understanding my salary structure.
In my pay structure the HR has included Medical Reimbursement of 15000/annum in my Fixed Base Pay and then under Benefits/Earnings in Kind they have included Medical Insurance of Rs.13829/annum.
I want to know
1. What is the difference between the two?
2. Will I get these amount in hand or not?
3. Are they taxable?
Waiting for a quick reply.
Thanks