I am working with engineering & consturction giant of India.
Recently we are offered some Flexi pay package under which we at our own descrition can adjust certain allowances to non-taxable income.
can any one suggest what are those? and by what limit it is exempted.
we have worked out HRA & Transport allowance (which is exempted up to Rs. 800 per month)
which other allowances are exempted from salaries and upto what limit?
Pls. reply its urgent
CAclubindia
