dis is sakthi, doing CA final, working as finance executive in fixture mfr.ing pvt. ltd company at bangalore. I wish to restructure of our company salary structure. Now we are in breakup of basic,hra,medical & conveyance thats it. Hence give me the suggestion about to restructure the same, which should have tax free allowances. Hence pls provide me the eloborate suggestion about allowances details. Thanks.
| Originally posted by :sakthi | ||
| " | dis is sakthi, doing CA final, working as finance executive in fixture mfr.ing pvt. ltd company at bangalore. I wish to restructure of our company salary structure. Now we are in breakup of basic,hra,medical & conveyance thats it. Hence give me the suggestion about to restructure the same, which should have tax free allowances. Hence pls provide me the eloborate suggestion about allowances details. Thanks. | " |
| Originally posted by :sakthi | ||
| " | Originally posted by :sakthi " dis is sakthi, doing CA final, working as finance executive in fixture mfr.ing pvt. ltd company at bangalore. I wish to restructure of our company salary structure. Now we are in breakup of basic,hra,medical & conveyance thats it. Hence give me the suggestion about to restructure the same, which should have tax free allowances. Hence pls provide me the eloborate suggestion about allowances details. Thanks. " |
" |
You may define the salary structure for the benefit of employees by giving them allowance which are exempt. Such as HRA which should be 50% of Basic Pay (So that employee can claim maximum benefit),Transport allowance , childeren education allowance.
You may pay them Medical reimbursemet upto 15000 Per Year & Telephone and conveyance rexpenses reimbursement and Get the expenses bill from employees so that they can avail exemption on reimbursements. However FBT is liable on such reimbursements.
By following this type of practices you may give maximum benefit to employees.
I hereby sending the details for which I need the structure for payment to employee in different field.
Dear Sir,
How can i prepare a salary slip for an Indian IT company without attracting tax, we ar paying rs.6500pm/employee
Thanks in advance
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