Salary Restructuring Concerns
This is Pankaj. I am working in a manufacturing company. I received a salary restructuring letter from the HR department. My basic salary increased, general allowance decreased, annual bonus increased, PF also increased, but CTC remains the same. What are the benefits and losses for me?
Thanks & Regards,
Pankaj
From India, Khamgaon
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This is Pankaj. I am working in a manufacturing company. I received a salary restructuring letter from the HR department. My basic salary increased, general allowance decreased, annual bonus increased, PF also increased, but CTC remains the same. What are the benefits and losses for me?
Thanks & Regards,
Pankaj
From India, Khamgaon
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Hi it some times happen when restruction takes place. if there is increase in basic, it will have long term benefits.
From India, Hyderabad
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55From India, Hyderabad
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If you are in the taxable bracket and your HRA and conveyance allowance are decreased, claiming IT reliefs will result in some loss for you. I don’t think there is a benefit for you regarding this restructuring when negotiating with your next employer since the CTC remains the same.
From India, Mumbai
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From India, Mumbai
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