banner_ad

Salary restructuring to save IT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 October 2008 One of my client, 60, is getting a monthly fixed salary of Rs. 50000/- pm (Rs 600000/- pa). Other income include VRS pension Rs.1,50,000/- pa, Interest - Rs.4000 pa, Dividend Rs.12000 pa.

How he should get the salary re-structured from his employer to get maximum IT benefit. Pl offer suggestions with different options.
Profile Image

Sanjay

Profile Image

Sanjay (Expert)
09 October 2008 He can get the salary in the form of items being subject to Fringe benefit tax so that the tax will be at around 6 - 7% instead of 33.99%. For instance, car driver expenses, Car petrol reimbursement, club subscription, newspapers/periodicals subscription, Meal vouchers, Medical allowance upto Rs.15,000 p.a. which is exempt, Leave Travel allowance once in two years to be substantiated by actual bills.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details