I have a query related to tax free components/benefits which can be paid to employees as reimbursements/allowances on discharge of duties apart from CTC.
In my organisation we pay conveyance/food/other reimbursement/allowances apart from CTC on discharge of duty which was tax free so far. But in budget 2010-2011 all allowances/reimbursements are taxable. Pls suggest any other options of payment.
generally 4k-5k are to be paid and we don't want to make them part of CTC as they will be taxable and employee would be least benefited.
hope to get suggestions from you all.
CAclubindia
