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Compensation and Benefits Structure
Human Resources » Compensation & Benefits


Chrm Message From: bijoy123 Total Posts: 22 Join Date: 25/12/2006
Rank: Executive Post Date: 08/02/2008 07:49:46 Points: 110 Location: United States

Dear All, 
 
I am looking for information to help with designing a compensation  and benefits structure. Apart from the usual benefits that a salary  package has, what are the different heads that can be included so as  to remain above the law while making the structure tax friendly?

Thanks

Bijoy

Chrm Message From: anujjain Total Posts: 46 Join Date: 25/12/2006  
Rank: Executive Post Date: 08/02/2008 07:51:02 Points: 230 Location: United States

Hello Bijoy,

Apart from the usual Basic, HRA, CA, Education, etc., you can have the also have the following heads under monthly salary

a) Telephone reimbursement
b) Book, Periodicals, Magazines
c) Car allowance
d) Club membership reimbursements
e) Mobile Expenses reimbursements
f) Medical bill reimbursments

Under per annum package:

a) Soft furnishings
b) Perks / incentives, etc.
c) U can also add Purchase of Car in the package

Hope it suffices your requirement.

Warm Regards

Anuj Jain

Chrm Message From: gbaeyens Total Posts: 5 Join Date: 25/12/2006  
Rank: Beginner Post Date: 16/01/2010 11:26:35 Points: 25 Location: United States

indeed, valuable structure but no indication towards it will be taxable or not

 

G Baeyens

 
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