No Tags Found!

rafay.moeen
Hi, I am designing a salary structure for a cosmetic company. Please describe why a salary structure is divided into different categories? Like Medical, House rent, CLA, Conveyance etc. Is it important to do so? Place where I previously worked, was providing medical facility as well but still some amount is mentioned as \"Medical\" over salary slip.
From Pakistan, Karachi
talentsorcerer
89

Rafay: Salaries are structured to ensure employees can plan their expenditure (nominal) and save on tax (strong reason). If you work with a good C.A or an HR/Tax consultant, then you'll get the right components and their limits (per provisions in the IT Act)
Hope this helps.

From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.