dis is sakthi, doing CA final, working as finance executive in fixture mfr.ing pvt. ltd company at bangalore. I wish to restructure of our company salary structure. Now we are in breakup of basic,hra,medical & conveyance thats it. Hence give me the suggestion about to restructure the same, which should have tax free allowances. Hence pls provide me the eloborate suggestion about allowances details. Thanks.
6 Replies
sakthi
(Business consultant )
(137 Points)
Replied 12 September 2008
| Originally posted by :sakthi | ||
| " | dis is sakthi, doing CA final, working as finance executive in fixture mfr.ing pvt. ltd company at bangalore. I wish to restructure of our company salary structure. Now we are in breakup of basic,hra,medical & conveyance thats it. Hence give me the suggestion about to restructure the same, which should have tax free allowances. Hence pls provide me the eloborate suggestion about allowances details. Thanks. | " |
rohini rao
(Studying)
(37 Points)
Replied 13 September 2008
| Originally posted by :sakthi | ||
| " | Originally posted by :sakthi " dis is sakthi, doing CA final, working as finance executive in fixture mfr.ing pvt. ltd company at bangalore. I wish to restructure of our company salary structure. Now we are in breakup of basic,hra,medical & conveyance thats it. Hence give me the suggestion about to restructure the same, which should have tax free allowances. Hence pls provide me the eloborate suggestion about allowances details. Thanks. " |
" |
CA Prashant Shrivastava
(Service)
(407 Points)
Replied 01 October 2008
You may define the salary structure for the benefit of employees by giving them allowance which are exempt. Such as HRA which should be 50% of Basic Pay (So that employee can claim maximum benefit),Transport allowance , childeren education allowance.
You may pay them Medical reimbursemet upto 15000 Per Year & Telephone and conveyance rexpenses reimbursement and Get the expenses bill from employees so that they can avail exemption on reimbursements. However FBT is liable on such reimbursements.
By following this type of practices you may give maximum benefit to employees.
(Guest)
i hereby sending the details for which i need the structure for payment to employee in different field.
our general employees details are as under
1. workers - as per minimum wages
2. Techinican - work at plant or shop floor( daily or fixed base)
3.Supervisor - working at shop floor - fixed
4.Engineer - working at shop floor - fixed
5.Office staff
a. Manager level position
b. Senior level position
c. office assistant
6. marketing staff
1. v.p. marketing
2. g.m.marketing
3. Sr.manager marketing
4. Marketing Manager
5. Asst.Marketing manager
6. Marketing Representatives
the above all position will be fulfill in nearby 2 months period. currently we have not any registration with pf, esic,etc.
so you are kindly requested to suggest and forward me the details structure for salary payment to the employees as early as possible by you.
thanks
(Guest)
I hereby sending the details for which I need the structure for payment to employee in different field.
Our general employees details are as under
1. Workers - as per minimum wages
2. Techinican - Work at plant or shop floor
3.Supervisor - Working in Survey related work
4.Engineer - Working in Survey related work
5.Office staff
a. Manager level position
b. Senior level position
c. Accountant
d. Office Assistant
6. Marketing staff
a. Marketing Manager (Software, Survey Equipments etc)
b. Marketing Representatives (Software, Herbline Cosmetics Item etc)
7. Maintenance Incharge
Currently we have already registraterd with PF.
So you are kindly requested to suggest and forward me the details structure for salary payment to the employees as early as possible by you.
Thanks
KJ Barman
Vinay
(Employer)
(25 Points)
Replied 11 November 2008
Dear Sir,
How can i prepare a salary slip for an Indian IT company without attracting tax, we ar paying rs.6500pm/employee
Thanks in advance
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