Dear All,
What should be the best salary structure that would be beneficial for both the employer and the employee in the context of taxation? Given the recent changes in the last budget, what components should be altered in the salary structure?
From India, Delhi
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1What should be the best salary structure that would be beneficial for both the employer and the employee in the context of taxation? Given the recent changes in the last budget, what components should be altered in the salary structure?
From India, Delhi
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Hi,
As per my knowledge, the government has not issued any notification regarding the effective date of changes. Please refrain from providing any tax benefits to your employees before receiving any circulars. The only change in the salary structure head is the Transportation Allowance, which has increased to Rs. 1600 from Rs. 800 per month. However, no circulars are available specifying the effective date.
Regards,
Ashish
From India, Pune
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As per my knowledge, the government has not issued any notification regarding the effective date of changes. Please refrain from providing any tax benefits to your employees before receiving any circulars. The only change in the salary structure head is the Transportation Allowance, which has increased to Rs. 1600 from Rs. 800 per month. However, no circulars are available specifying the effective date.
Regards,
Ashish
From India, Pune
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Rightly said by learned member Ashish. The budget is not yet passed by Parliament. Wait until the budget gets passed and then changes in salary structure can be thought off.
From India, Pune
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From India, Pune
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Creating a Competitive Salary Structure.doc
Salary Structure.zip