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