pankaj014
Dear all,
This is Pankaj, I am working in manufacturing co. I got salary re-structure letter from HR dept.
My basic salary increased, General allowance decreased and annual Bonus increase, PF also increased but CTC remain same. So, What are benefits and loss for me?
Thanks & Regards,
Pankaj

From India, Khamgaon
lakshmi87*
54

Hi it some times happen when restruction takes place. if there is increase in basic, it will have long term benefits.
From India, Hyderabad
abhaybandekar
70

If you are in taxable bracket, and your HRA, Conveyance allowance is decreased, for claiming IT reliefs, you will be in loss, to some extent . I don’t think there is benefit for you, with regard to this reconstructuring, for negotiating with your next employer, since ctc remains same.
From India, Mumbai
Manmath Sahoo
11

i think there will be no issue, you can negotiate with your new employer for the bifurcation of salary as now a days, the companies are giving best possible structure to all the employees regarding taxation..
regards
Manmath Sahoo

From India, New Delhi
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