Hi guys, I found this chart on the net. hope it helps :) Regards, Nupur MDI, Gurgaon
From India, New Delhi
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From India, New Delhi
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Hi All, I would like to add something to this, a consolidated version. Regards, AJ
From India, Thana
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98From India, Thana
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Nupur and thinkjobs Both have gone into the FBT details so well that all doubts have been properly cleared. Very useful to practising CAs like us. Thanks, Gopan
From India, Kochi
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From India, Kochi
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Hi all!
Kindly suggest to me the tax implications on the employee's part as well as on the employer's part regarding the following salary structure:
Situation 1- Gross salary Rs. 50,000
Basic 20,000
HRA 40% of basic 8,000
Children Education Allowance 200
Medical Allowance 1,250
Transport Allowance 800
Vehicle maintenance allowance 1,600
Gift in Kind 416.68
Telephone bill reimbursement 1,500
Meal Vouchers 1,500
Entertainment allowance 7,500
Books and periodicals 3,000
Special Allowance remaining 4,233.34
Kindly inform how much the employee will pay and how much the employer will pay with the above structure.
Thanks & Regards,
Arpita
From India, Bangalore
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Kindly suggest to me the tax implications on the employee's part as well as on the employer's part regarding the following salary structure:
Situation 1- Gross salary Rs. 50,000
Basic 20,000
HRA 40% of basic 8,000
Children Education Allowance 200
Medical Allowance 1,250
Transport Allowance 800
Vehicle maintenance allowance 1,600
Gift in Kind 416.68
Telephone bill reimbursement 1,500
Meal Vouchers 1,500
Entertainment allowance 7,500
Books and periodicals 3,000
Special Allowance remaining 4,233.34
Kindly inform how much the employee will pay and how much the employer will pay with the above structure.
Thanks & Regards,
Arpita
From India, Bangalore
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PT,ESIC,TDS,FBT ,S[1][1].Tax Calculator.xls
Creating a Competitive Salary Structure.doc