Dear Friends,
Pls help me to get the presentation on CTC Structure which will help the employees to restructure their salary components for tax saving purpose.
Presentation should give the information about salary components like Basic, HRA (against which rent receipts need to be produced for tax saving), Conveyance (max 800 per month i.e. Rs. 9600 is non-taxable) etc.
If anyone is having such ppt. Pls share.
Regards
Manoj :)
From India, Mumbai
Pls help me to get the presentation on CTC Structure which will help the employees to restructure their salary components for tax saving purpose.
Presentation should give the information about salary components like Basic, HRA (against which rent receipts need to be produced for tax saving), Conveyance (max 800 per month i.e. Rs. 9600 is non-taxable) etc.
If anyone is having such ppt. Pls share.
Regards
Manoj :)
From India, Mumbai
DescriptionCost to Company (per year)Taxable (per year)Non Taxable Allowance & Perks (per year)RemarksBasic Salary @ Rs. ?? pmThis is the basic salary - the other allowances are expressed as a % of the basicHouse Rent Allowance @ Rs ?? pmTypically a % of basic salary depending on city. The part of full of HRA will be non taxable as per tax rules. This is given to give employee tax benefit.Provident Fund contribution by employer @ 12% of basicSimilar 12% (of basic) contribution is made by employee (deducted by employer from his salary) and total is deposited with EPFO. This is mandatory as per government rules.Contribution to superannuation fund @ % of basicMedical ReimbursementUp to Rs. 15,000/- per year is tax free on production of medical bills. Given to give employee tax benefit.Insurance premium paid by the employer in connection with group insurance policy taken by the employerUp to Rs. 10,000/- is non taxablePetrol expenses @ Rs ?? Pm (Provision of car for Official Purposes)Upto Rs. 60,000/- per monthDriver salary Rs ?? Pm (Provision of car for Official Purposes)Children Education allowanceUniform allowance, books allowance and children education allowance would not be taxable to the extent they have been incurred and are supported by relevant vouchers/bills.
Leave travel allowance (one month of basic)One month basic is non taxable on production on tickets etc. LTA would be exempt to the extent the same is spent
However, the same would be taxable twice in a block of four yearsRe imbursement of Entertainment ExpenditureVouchers need to be submittedUniform AllowanceBooks allowance TOTAL000
From United States, Buffalo
5Leave travel allowance (one month of basic)One month basic is non taxable on production on tickets etc. LTA would be exempt to the extent the same is spent
However, the same would be taxable twice in a block of four yearsRe imbursement of Entertainment ExpenditureVouchers need to be submittedUniform AllowanceBooks allowance TOTAL000
From United States, Buffalo
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Presentation Slides- 5 S.ppt