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Non-Taxable Income Options

To reduce the income tax amount, we are providing food coupons, medical reimbursement, LTA, etc. However, I would like to know what other heads can be non-taxable. Please suggest your views.

Regards,
Devang Pandya

From India, Vadodara
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Child Edu. allowance - rs.200/- pm/child (max 2 children) Conveyance allowance - rs.800/-pm Gift voucher - rs.5000/- p.a HRA - upto 50% of basic for metros & 40% for non-metros pon
From India, Lucknow
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Dear Mr. Devang, I have a file for salary structure. Please find the attchment. hope it will useful to you. Regards, Varun Thaker (M) 9825052740
From India, Ahmadabad
Attached Files (Download Requires Membership)
File Type: doc Rules for Statutory Deductions Exemptions Perquisites-Payroll.doc (101.5 KB, 1762 views)

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Hi Devang, Some more components Like Fuel Expenses, Driver Salary, Mobile Expense etc can helpful to reduce the income tax amount. Regards Tanu Jain
From India, Delhi
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