Dear sirs,
With pleasure I introduce myself, new member of CITEHR.
We are having salary range of 30,000 - 3,000 for our emplyees
We want to structure by considering...
1) PF
2) IT
3) FBT
One of my friend told that 1) Reduce Basic+DA as maxmum as (i.e. 25%-45% of total salary so that CTC on PF will be less) 2) HRA - max 40% total salary 3) balance we can show split into CCA, Special Allowance
Kindly advise the abv calculation is in order? also advise maximum allowable limit of CCA & Special allowance per year per employee....is there any FBT applicable against CCA & Spl allowance?
Kindly advise.
With Regards,
Ramesh kg
With pleasure I introduce myself, new member of CITEHR.
We are having salary range of 30,000 - 3,000 for our emplyees
We want to structure by considering...
1) PF
2) IT
3) FBT
One of my friend told that 1) Reduce Basic+DA as maxmum as (i.e. 25%-45% of total salary so that CTC on PF will be less) 2) HRA - max 40% total salary 3) balance we can show split into CCA, Special Allowance
Kindly advise the abv calculation is in order? also advise maximum allowable limit of CCA & Special allowance per year per employee....is there any FBT applicable against CCA & Spl allowance?
Kindly advise.
With Regards,
Ramesh kg