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Compensation and Benefits Structure

Last post January 16, 2010 11:26 AM by gbaeyens. 1 repiles.
February 8, 2008 07:49 AM 1
Total Posts: 22
Join Date: December 25, 2006
Rank: Executive
Post Date: January 16, 2010
Posts: 22
Location: United States

Compensation and Benefits Structure

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
February 8, 2008 07:512
anujjain
Total Posts: 46
Join Date: December 25, 2006
Rank: Executive
Post Date: February 8, 2008
Points: 230
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Re: Compensation and Benefits Structure

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
January 16, 2010 11:263
gbaeyens
Total Posts: 5
Join Date: December 25, 2006
Rank: Beginner
Post Date: January 16, 2010
Points: 25
Location: United States

Re: Compensation and Benefits Structure

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

 

G Baeyens
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