my friend is going to receive a salary of Rs 10.00 lacs per annum my query is how to frame the salary structure which is more advantagious to the employee rather than employer. ie attaction of tds should be minimum.
thanking you
madhan (partner) (43 Points)
19 January 2011my friend is going to receive a salary of Rs 10.00 lacs per annum my query is how to frame the salary structure which is more advantagious to the employee rather than employer. ie attaction of tds should be minimum.
thanking you
Pankaj Arora
(Learner)
(3134 Points)
Replied 19 January 2011
your employee can investment u/s of 80c maximum 1 Lac. Or 20000 u/s 80CCF if he has taken a home loan than only can claim interest amount deduction maximum 1.50 Lac. Except it no more deduction available to save tax.
PRATEEK PATEL
(Student [I.C.A.I])
(993 Points)
Replied 19 January 2011
go through attached doc.
CAclubindia
