Need help in my Basic pay structure
2 years ago
My Total annual CTC is 653125 where base pay is 365751, HRA is 163282 and the special allowance is 124092. Basic is currently at 50% and i have a option of restructure and i can set the basic at 30% so my in Hand can be increased. Please confirm if doing this will be beneficial or it can increase my tax liability.
A.Dear Client,
You may approach a chartered accountant who can give you a better advice in this matter.
You may approach a chartered accountant who can give you a better advice in this matter.
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A.Dear Sir,
Please consult any service advocate or chartered accountant.
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A.Dear Client
You must get in touch with your HR and Finance department to know the internal rules and the allowable structure as each organization is governed by its rules. Reducing or increasing the Basic will not have much change to your income tax accept that your PF which is dependent on Basic will change.
You must get in touch with your HR and Finance department to know the internal rules and the allowable structure as each organization is governed by its rules. Reducing or increasing the Basic will not have much change to your income tax accept that your PF which is dependent on Basic will change.
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