I need to provide the salary structure to my manager. I am sceptical about Medical Reimbursement. Please help me to understand is there any law present that says Employer has to put Medical Allowance/Medical Reimbursement component in salary structure or it can be opted out.
We are a small company with 20 employees. And due to insufficient knowledge, they do not have the legitimate bills to support Medical Allowance and now Rs15000 will be taxable.
My question is, can I remove medical allowance component from salary structure?
Please help!
We are a small company with 20 employees. And due to insufficient knowledge, they do not have the legitimate bills to support Medical Allowance and now Rs15000 will be taxable.
My question is, can I remove medical allowance component from salary structure?
Please help!