Salary Structuring
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Transcript of Salary Structuring
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8/19/2019 Salary Structuring
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Component Monthly Annual Taxable
Basic 25000 300000 Fully Taxable
HRA 12500 150000 Tax Exempt
Medical reimbursement 1250 15000 Tax Exempt
meal vuc!ers 2"00 31200 Tax Exempt
#TA $1""%""& 50000 Tax Exempt
Transprt all'ance 1"00 1(200 Tax Exempt
)HA "00 &200 Tax Exempt
)EA 200 2$00 Tax Exempt
Medical insurance premium "*$%3333 *212 Tax Exempt
prvident +und 3000 3"000 Tax Exempt
,ratuity 1202%5 1$$30 Tax Exempt
special all'ance 3052(%*3 3""35* Fully Taxable
Fixed Pay 83333.3 1000000
-ariable .ay 16666.7 200000
Ttal .ay 100000 1200000
-ariable pay is al'ays in t!e next cyclee / because it cmes 'it! t!e april sal
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Total Taxable amount
*""35*
*"3*5*
&$(*5*a+ter *0c deductin .rvident +und is a part + *0c
Tax amount &$(&1%"
)ess 22$(%1$* usually added a+ter s
Total tax amount &&221
i+ yur ttal tax is less t!an 200
ry% Here 'e are puttin, it in t!e same cycle +r calculatin sae
pr+essinal taxnt
applicable n all states4
urc!ar,epepleearnin, 6 1cr taxableincme
Rebatepeple earnin,bel' 5#acs4
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8/19/2019 Salary Structuring
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rc!ar,erebate
rs yu dnt need t pay tax/ yu 'ill ,et re+und