TAX BENEFIT COMPENSATION STRUCTURE

Currently the organization still follows a very simple salary structure. With employee salary hikes, it becomes imperative for the company to introduce a tax friendly structure. Please suggest an ideal salary structure to ensure maximum tax savings for employees

Here are my suggestions :-
Limit basic to 30-35% of package
Introduce the following components if not introduced :-
1. HRA
2. Conveyance
3. Children Education Allowance
4. EPF
5. Medical Reimbursement
6. Leave Travel Allowance
7. Medical Insurance
8. Meal Card

Do you want to withdraw PF without employer signature, your company is not ready to attest your form call me 09937894045

Increase the basic upto 50% which will in effect increase the HRA, PF contribution, terminal benefits.
Pon