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Understanding My Take-Home Salary and Reimbursement Queries: Can You Help?


Anonymous
Attached is the breakdown of my salary package. What will be my take-home salary, assuming I have 1.5 lakhs invested under 80C, pay 2 lakhs rent per year, and live in a non-metro city?

Also, below are my queries regarding reimbursements: Do I need to provide bills for vehicle and telephone reimbursements? Will these be paid monthly as part of my salary?
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If it is called a reimbursement, then you would need to submit a copy of the bill If it’s an allowance no proof of expenditure is required. But allowances are taxed and reimbursement is not taxed
From India, Mumbai
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Related Files & Downloads Shared By Members
 Know the Tax Burden on Your Salary Package.pdf
 Salary-Note.doc
 SALARY SHEET CALCULATION.xls


Human Resource Management (HRM) Community Journal & KnowledgeBase (Entry: 594519)

10 January 2018 04.16.17 PM
Views: 784 Replies: 1 Appreciations: 1

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