Need inputs on redefining the CTC Structure with non taxable components

Habib Rahman
Dear HR Fraternity,
Greetings of the day,
I am in process of redefining my CTC Structure. The current CTC structure doesn't have tax saving component. The tax burden on the employee is high due to this structure. For the benefit of our employee I have decided to redefine the same by including tax saving components to reduce the current tax burden.
I am attaching a sample CTC Structure for 5 Lacs containing both the current and proposed structure.
I request the valuable inputs and feedback from the HR fraternity. The overall intention of this exercise is to help our employees save tax in legitimate way and can enjoy increased net take home salary.
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a_blackguitat
Hello Mr. Rahman,
Greetings!!!
I have gone through with the structure and some updates required in couple of salary heads keeping in view to taxation.
Taxation of perquisites is very vast subject with lots of detailing, unable explain everything here.
To help you out enclosed herewith booklet released by income tax department of India for your kind perusal.
Please go through with the booklet
a_blackguitat
Dear,
Enclosed the booklet
Regards,
Ashish
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Habib Rahman
Thank you Sir for your valuable inputs.
anilkatteri
You may add other components like monthly Rs.1250/- medical allowance and Rs.1600/- Conveyance allowance additions to this Sodexo coupons to be made to avoid tax.
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