Salary Brakup

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mint (Querist)
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20 July 2007 can any budy give me a best salary break that reduce the tax libilities in both side i.e. from the employer and employee

Shashi Mohan Jha

Shashi Mohan Jha (Expert)
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21 July 2007 Basic
HRA-50% of the Basic
Conveyance-Rs.800pm
Medical-1250pm
PF Employee-12.5% of Basic
PF Employer-12.5% of Basic
Special Allowance-Balancing amount

mint

mint (Querist)
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26 July 2007 IF WE ADD CONVEYANCE IN SALARY BREAK UP IS THERE ANY FBT LIBILITIES FOR COMPANY

CA Nikita

CA Nikita (Expert)
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26 July 2007 hi!!!

Conveyance will attract FBT... but Rs.800/- pm is transport allowance which does not attract FBT and also according to the Finance Act,06 any benefit of amenity in the nature of free n subsidized transport or any allowance provided by the employer to the employees for journey from their residence to the place of work will not attract FBt..

Hope this clarifies the issue....

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