PERUMAAL
Labour Law Consultant
Ramargha
Service

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Dear All, Pl let me know, how to fix or format the salary structure based on Income Tax deduction Regards Sailendra Babu
Pl let me know, how to fix or format the salary structure based on Income Tax deduction
Regards
Dear Sailendra Babu,
If ur salary i say Rs.100/- then takeRs.50 as basic, Rs. 25. as HRA, Travelling.allow say Rs.10/-, Medical reimbursement as rs.10/-Uniform allow-Rs.5
U can claim exemption on HRA by producing rent receipt. Travelling allowance upto Rs.800/=-p.m. is fully exempt. Mediccal reimbursement upto Rs.15000/- p.a. is not taxable in the hands of employeee. Employer is liable to FBT. uniform all. is exempt.
Regards
Ram

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