So, I hope you are having its format or you can easily find it on internet. Also want to remind you that you have to make salary slip. He can have tax benefit on that.And this LTA amount can be adjusted from Specail Allowance amount.Īlso on such a senior level to save the taxes basically few reimbursement use to be added like Car hire reimbursement, Entertainment reimbursement etc if so then pls mention that in note or after CTC.Īlso If you are giving Medical reimbursement, you can also give LTA. May be in this mobile reimbursement is not added. But if you will add it again you will find that total CTC is 215000.

But its not clear from your posting that you use to have any standard salary break up in your organisation or not.Or simply a fixed amount is being transferred to employees account or they use to get payment through cash.Īlso after seeing your salary break up want to tell you that as per you total CTC is 210000. Special Allowances - Balancer (Fully Taxable)

VM Reimbursement: Actual Expenses ( Need to produce bills)ĩ. Books & Periodical Reimbursement: Actual Expenses ( Need to Produce Bills)Ĩ. Telephone Reimbursement: Exempted upto Rs.1500 per month( Need to produce bills)- Sec 10ħ. (Rs.15000 p.a.) is exempt only if Original Bills are provided.Ħ. Do not choose to give it against bills only, there is no rule for the same…It only makes salary processing a cumbersome process. Preferred to pay monthly, without bills and ask bills as per your wish, quarterly, half yearly or at the end of the year. Some companies give it only against medical bills, some do not ask for bills, rather bills are only demanded for Final Tax Computation at the end of the year.

Some companies give it monthly, some quarterly, half yearly or yearly also. Medical Allowances / Reimbursements - Can be given against bills or without bills does not matter. No proof required.Ĥ.Children’s education allowance - Tax Benefit: Rs.100 per child subject to max 2 children. Tax Benefit:Exempt maximum up to Rs.800/- per month. Transport Allowance - Supposed to be conveyance allowance meant for transportation between office and residence only. Tax Benefit:Excess of Actual rent paid over 10% of Basic salary OR Maximum HRA allowed (50% or 60% of basic) OR Actual Rent Paid – whichever is lower is Exempt from Tax.ģ. House Rent Allowance (HRA) - Maximum 50% basic (Metro cities) 40% basic (non metro cities). Bifurcation is fine as start up venture and you can add more tax free (Full or Partial) heads as mentioned below but i will suggest that you must fix the compensation policy first followed by grading system to avoid any hassle in future.Ģ.

Ctc salary slip format