Hi All,
Need help as we have reimbursement component in our salary structure for the employees whose CTC is more than or equal to 7,00,000 annually. This component is to save tax on the given amount against bill submission.
Can anyone help me in understanding its calculation and what all bills can be submitted & what can be the limit of the bills per commodity.
Saloni Rajan
From India, Bangalore
Need help as we have reimbursement component in our salary structure for the employees whose CTC is more than or equal to 7,00,000 annually. This component is to save tax on the given amount against bill submission.
Can anyone help me in understanding its calculation and what all bills can be submitted & what can be the limit of the bills per commodity.
Saloni Rajan
From India, Bangalore
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PF Coverage Salary Component under New PF Rule.pdf
Salary-Note.doc
SALARY SHEET CALCULATION.xls