hi How can we make tax friendly salary structure for our employees ? Regards Anuradha
From India, Pune
22From India, Pune
For Pune - Maharashtra Location
Basic
HRA = ( Basic*40/100) Tax Free
Conveyance = 800 per month tax free
Medical Reimbursement = 1250 per month tax free
Sodoxho Coupons = 1350 per month tax free
Education Allowance = 100 per child (Maximum for 02 child tax free )
Hostel Allowance = 200 per child (Maximum for 02 child tax free )
Special Allowance = Taxable
From India, Pune
Basic
HRA = ( Basic*40/100) Tax Free
Conveyance = 800 per month tax free
Medical Reimbursement = 1250 per month tax free
Sodoxho Coupons = 1350 per month tax free
Education Allowance = 100 per child (Maximum for 02 child tax free )
Hostel Allowance = 200 per child (Maximum for 02 child tax free )
Special Allowance = Taxable
From India, Pune
HRA can be upto 50% of basic in metros.
Club allowance is non-taxable.
If the employee uses their own vehicle for official purposes, they can claim Fuel & maintenance charges as tax free. In lieu, they can not claim conveyance allowance Rs.800/- p.m for tax exemption.
From India, Lucknow
Club allowance is non-taxable.
If the employee uses their own vehicle for official purposes, they can claim Fuel & maintenance charges as tax free. In lieu, they can not claim conveyance allowance Rs.800/- p.m for tax exemption.
From India, Lucknow
What is the meaning of Sodoxho Coupons ? I found Rs.1200/- per month against sodoxho coupons few days back. But it is shown as Rs.1350/- per month. Which is correct and how it is calculated? Kindly clarified.
From India, Guwahati
From India, Guwahati
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Creating a Competitive Salary Structure.doc
Salary Structure.zip