Salary and reimbursement

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Emmanual (Querist)
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17 October 2014 I mean how to enter in the Tally 9. Salary Heads I.Base Salary: 1.Basic 2.HRA 3.Conveyance 4.Children Allowance 5. Special Allowance II. Reimbursement 1. Medical 2. Vehicle 3. Food So ho to enter the entries in Tally so that less tax effect comes out.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 October 2014 Book it all the items under major head salary with minor heads basic, HRA, conveyance etc.

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Emmanual

Emmanual (Querist)
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22 October 2014 I mean how to enter in the Tally 9.

Salary Heads
I.Base Salary:
1.Basic
2.HRA
3.Conveyance
4.Children Allowance
5. Special Allowance

II. Reimbursement
1. Medical
2. Vehicle
3. Food

So ho to enter the entries in Tally so that less tax effect comes out.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 October 2014 Booking under separate heads will entail your employers to avail tax benefits. Take the advice of tax consultant so that you can design the pay structure of your employees to obtain maximum tax benefit.