Gunjan Maheshwari (Senior Executive Finance) (28 Points)
23 February 2010Hi,
I am Gunjan from Ahmedabad. As I am in the process to finalize the salary structure for the employees of my company. Can anyone suggest the best possible tax structure so that employer and employee both are in win win situation. I mean best possible permutation and combination of basic, allowances and perqs.
Thanks in advance.
Poornima
(Search on.... for knowledge)
(129 Points)
Replied 24 February 2010
Dear Gunjan,
First u should tell that how much u want to pay them then only one can establish payment structure.
C.Balaji
(Learner)
(1867 Points)
Replied 24 February 2010
Is there any fixed salary structure???????????????? mmmmmmmm..........
Gunjan Maheshwari
(Senior Executive Finance)
(28 Points)
Replied 26 February 2010
Hi Poornima,
First of all thanks for your reply. But I cant say one fix salary amount as the same is ranging from 50000 to 25 lacs CTC P.A.
I have query regarding the allwances which can be included in the salary and also which are not taxable or exemption can be claimed by the employee.
The purpose for the same is to give benefit to the employee in tax savings.
Vivek Angrish
(Manager Finance & Accounts)
(232 Points)
Replied 04 March 2010
The best you can provide are :
Travelling Allowance - exempted upto Rs.800/- p.m
H.R.A
Leave Travel Concession
Professional Academic Allowance
Children education allowance - Exempt Rs.100/- per month per children maximum upto 02 Children
kumarsatish022
(Professional)
(165 Points)
Replied 04 March 2010
Allowances U/s 10(14) ((i) and(ii) could be given for better tax planning
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
CAclubindia
