Hi all,
Could someone please share details on various tax-friendly components? We need to restructure our salary package and want to incorporate tax-friendly components.
Looking forward to your feedback.
Thanks & Regards,
Sunil Kumar
9711120084
From India, New Delhi
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1Could someone please share details on various tax-friendly components? We need to restructure our salary package and want to incorporate tax-friendly components.
Looking forward to your feedback.
Thanks & Regards,
Sunil Kumar
9711120084
From India, New Delhi
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The following are the limits for exemption in income tax for salaried persons:
- Conveyance Allowance: ₹800 per month, ₹9600 per annum
- HRA: 40% of Basic Salary in non-metro cities, 50% of basic in metro cities (Mumbai, Kolkata, Chennai, Delhi)
- Medical Reimbursement: ₹1250 per month, ₹15000 per annum
- PF: 12%
- Child Education Allowance: ₹200 per month, ₹2400 per annum
- Medical insurance for hospitalization up to ₹15000
- LTA: Tax exempted once in 2 years.
Regards,
Manas
From India, Mumbai
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- Conveyance Allowance: ₹800 per month, ₹9600 per annum
- HRA: 40% of Basic Salary in non-metro cities, 50% of basic in metro cities (Mumbai, Kolkata, Chennai, Delhi)
- Medical Reimbursement: ₹1250 per month, ₹15000 per annum
- PF: 12%
- Child Education Allowance: ₹200 per month, ₹2400 per annum
- Medical insurance for hospitalization up to ₹15000
- LTA: Tax exempted once in 2 years.
Regards,
Manas
From India, Mumbai
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hi...even I am looking for some other salary structures which are tax friendly as well and are being used extensively.
From India, Mumbai
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From India, Mumbai
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Hi, I would likje to add, what Manas has duggested, Sodexo Coupen = 1250 P.M. LTA Education = 200.00 p.m. Regards, Rajesh
From India, Mumbai
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From India, Mumbai
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