I am currently employed with a newly established company. In order to streamline some processes in this organization, I need to gain a better understanding of salary structure calculations. I have attached the current salary breakup for reference, but it does not meet my satisfaction. I would appreciate any assistance in this matter.
From India, Mumbai
Acknowledge(0)
Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Dear HR Team,
I would like to propose restructuring the salary to be more employee-friendly, considering the Income Tax Act. Now, which level of salary structure do you prefer? For workmen, salary structuring is not required much. For senior staff, you can divide it as follows: Basic salary, 50% or 40% as HRA, INR 800 for conveyance, LTA, and up to INR 15,000 per year can be allocated for medical reimbursement.
Regards,
J. S. Malik
From India, Delhi
Acknowledge(0)Amend(0)
174I would like to propose restructuring the salary to be more employee-friendly, considering the Income Tax Act. Now, which level of salary structure do you prefer? For workmen, salary structuring is not required much. For senior staff, you can divide it as follows: Basic salary, 50% or 40% as HRA, INR 800 for conveyance, LTA, and up to INR 15,000 per year can be allocated for medical reimbursement.
Regards,
J. S. Malik
From India, Delhi
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
EMPLOYEE SALARY INCOME TAX CALCULATION.xls x
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Insurance Linked Voluntary Payment of Income Tax Act 2009.doc