Salary structure
This query is : Resolved
11 March 2008
Hi,
Below is the salary structure.Could you please let me know the best struture to have minimum tax liability assuming employee is ready to bear FBT
All the figures below are per month
Basic:100000/-
HRA:50000/-
Conveyance:800/-
Medical:1250/-
LTA:20000/-
PF(EMPLOYER):780/-
Below is the salary structure.Could you please let me know the best struture to have minimum tax liability assuming employee is ready to bear FBT
All the figures below are per month
Basic:100000/-
HRA:50000/-
Conveyance:800/-
Medical:1250/-
LTA:20000/-
PF(EMPLOYER):780/-
12 March 2008
FBT is applicable on Medical and telephone allowance given to employees so you can pay a concessional tax of 6.75% as F B T against 30.90% on the taxable components.
12 March 2008
SINCE MEDICAL REIMBURSEMENT BELOW RS .15000/-P.M IS LIABLE FOR FBT, THEREFORE MEDICAL REIMBURSEMENT SHALL BE LIABLE FOR FBT
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