Salary Brakup
This query is : Resolved
20 July 2007
can any budy give me a best salary break that reduce the tax libilities in both side i.e. from the employer and employee
21 July 2007
Basic
HRA-50% of the Basic
Conveyance-Rs.800pm
Medical-1250pm
PF Employee-12.5% of Basic
PF Employer-12.5% of Basic
Special Allowance-Balancing amount
HRA-50% of the Basic
Conveyance-Rs.800pm
Medical-1250pm
PF Employee-12.5% of Basic
PF Employer-12.5% of Basic
Special Allowance-Balancing amount
26 July 2007
IF WE ADD CONVEYANCE IN SALARY BREAK UP IS THERE ANY FBT LIBILITIES FOR COMPANY
26 July 2007
hi!!!
Conveyance will attract FBT... but Rs.800/- pm is transport allowance which does not attract FBT and also according to the Finance Act,06 any benefit of amenity in the nature of free n subsidized transport or any allowance provided by the employer to the employees for journey from their residence to the place of work will not attract FBt..
Hope this clarifies the issue....
Conveyance will attract FBT... but Rs.800/- pm is transport allowance which does not attract FBT and also according to the Finance Act,06 any benefit of amenity in the nature of free n subsidized transport or any allowance provided by the employer to the employees for journey from their residence to the place of work will not attract FBt..
Hope this clarifies the issue....
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