Hello seniors,
I am working as a regional HR for a subsidiary of a US Fortune 1000 company in Mumbai. Can someone shed some light on the various tax-saving components that can be incorporated into the CTC structure, especially for senior management? It should be apart from the regular HRA, LTA, meal coupons, and transport as all of these are already part of our current structure.
It would be great if someone could provide details on vehicle maintenance or petrol reimbursement within the structure.
Appreciate your support :)
Yogesh
From India, Mumbai
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I am working as a regional HR for a subsidiary of a US Fortune 1000 company in Mumbai. Can someone shed some light on the various tax-saving components that can be incorporated into the CTC structure, especially for senior management? It should be apart from the regular HRA, LTA, meal coupons, and transport as all of these are already part of our current structure.
It would be great if someone could provide details on vehicle maintenance or petrol reimbursement within the structure.
Appreciate your support :)
Yogesh
From India, Mumbai
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Hi.......... You can bifurcate their salary in variable pays. Means if you wants to give them Tax benefits so make partial their salary as a Target based. Rgds bhagwan
From India, Mumbai
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51From India, Mumbai
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Hello,
I am sorry to know that members have at times overlooked certain queries put across by other members.
I am not very much into compensation and benefits, but I have effectively launched a 401k plan in my company for the senior members of the company. I found it to be very effective and it has brought lots of respite to a lot of senior members in regards to taxes.
A 401k plan can be located by a simple search on Google.
Thank you,
Octavious
From India, Mumbai
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I am sorry to know that members have at times overlooked certain queries put across by other members.
I am not very much into compensation and benefits, but I have effectively launched a 401k plan in my company for the senior members of the company. I found it to be very effective and it has brought lots of respite to a lot of senior members in regards to taxes.
A 401k plan can be located by a simple search on Google.
Thank you,
Octavious
From India, Mumbai
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Training e-Brochure for Senior Management.doc