hi How can we make tax friendly salary structure for our employees ? Regards Anuradha
From India, Pune
Acknowledge(0)
Amend(0)
22From India, Pune
Acknowledge(0)Amend(0)
For Pune - Maharashtra Location
Basic
HRA = (Basic * 40/100) Tax-Free
Conveyance = 800 per month tax-free
Medical Reimbursement = 1250 per month tax-free
Sodexo Coupons = 1350 per month tax-free
Education Allowance = 100 per child (Maximum for 02 children tax-free)
Hostel Allowance = 200 per child (Maximum for 02 children tax-free)
Special Allowance = Taxable
From India, Pune
Acknowledge(0)Amend(0)
Basic
HRA = (Basic * 40/100) Tax-Free
Conveyance = 800 per month tax-free
Medical Reimbursement = 1250 per month tax-free
Sodexo Coupons = 1350 per month tax-free
Education Allowance = 100 per child (Maximum for 02 children tax-free)
Hostel Allowance = 200 per child (Maximum for 02 children tax-free)
Special Allowance = Taxable
From India, Pune
Acknowledge(0)Amend(0)
HRA can be up to 50% of basic in metros.
Club allowance is non-taxable.
If the employee uses their own vehicle for official purposes, they can claim fuel and maintenance charges as tax-free. However, in lieu of this, they cannot claim conveyance allowance of Rs. 800 per month for tax exemption.
From India, Lucknow
Acknowledge(0)Amend(0)
Club allowance is non-taxable.
If the employee uses their own vehicle for official purposes, they can claim fuel and maintenance charges as tax-free. However, in lieu of this, they cannot claim conveyance allowance of Rs. 800 per month for tax exemption.
From India, Lucknow
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
SALARY CALCULATOR & INCOME TAX.zip
Tax structure.xls