Hi Sir,
I need to suggest my company new salary structure.which is more tax benificial I need to kow how can I decide the different salary components percentage in bifucation in the gross salary.
At present we are using below structure:
Basic 40%
HRA 30%
Sp All 30%
Conv All Fixed - 800
Medical - Fixed - 1250
Please advice how I can use different components/allownace so that I can give more tax benifit to my employees
Thank you
Trupti
From India, Ahmadabad
3I need to suggest my company new salary structure.which is more tax benificial I need to kow how can I decide the different salary components percentage in bifucation in the gross salary.
At present we are using below structure:
Basic 40%
HRA 30%
Sp All 30%
Conv All Fixed - 800
Medical - Fixed - 1250
Please advice how I can use different components/allownace so that I can give more tax benifit to my employees
Thank you
Trupti
From India, Ahmadabad
Hi Trupti You can add food coupen,LTA,Children education allowance along with you current structure.
From India, Madras
From India, Madras
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Creating a Competitive Salary Structure.doc
Salary Structure.zip