My new engineer draws a salary of 167,000/-. He needs to restructure his salary to avoid taxes. His last company offered him petrol allowances, food coupons, and more. Can anyone suggest if we can implement similar benefits in our small software company in Bangalore? Please guide me on how to structure such a salary bifurcation.
From India, Bangalore
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From India, Bangalore
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The amount your new engineer is drawing is not taxable. Tax is exempted till Rs. 2,20,000. You can follow a normal break-up. No need to add new allowances.
Regards,
Srilakshmi Korukonda
From India, Hyderabad
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28Regards,
Srilakshmi Korukonda
From India, Hyderabad
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Creating a Competitive Salary Structure.doc
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