Can you make an example of those issues as follows: A clear list of all compensation...

Can you make an example of those issues as follows:

A clear list of all compensation on an annual basis (presented in a spreadsheet format). Compensation in tax, and label each item as salary, taxable fringe, non-taxable fringe.

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ekkarill92 answered 1 year ago

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List of all Compensation on an Annual Basis

Compensation in Tax	Items
	Employees' Provident Fund (12% of an employees's basic salary)
	House Rent Allowances
	Maintenance Allowance
	Children Education Allowance ( Maximum 2 Children Rs 1200 per annum)
	Hostel Expenditure Allowances (Maximum 2 Children Rs 3600 per annum)
	Phone bill reimbursement
	Uniform Allowance
	Gift Voucher
	Food Coupon
	Leave Travel Allowances
	Medical Insurance Deduction
	Interest of home loan


Compensation in label each item as Salary	Items
	Base Pay
	Commissions
	Overtime Wages
	Bonus Pay
	Tip Income
	Benefits
	Recognition or Merit Pay
	Stock Options
	Other Non Cash Benefits


Taxable Fringe	Items
	Term Insurances
	Vacation Expenses
	Bonuses
	Relocation in excess of actual expenses
	Travel Expenses
	Company Car (personal use)
	Sick Pay
	Dismissal Pay
	Apparel Allowances Benefits
	Club Membership Benefit
	Ticket/Passes Benefit


Non Taxable Benefits	Items
	Employee Discount
	Employee Stock Option
	Retirement Planning Services
	Accident and Health Benefits
	Achievement Awards
	Lodging on Business Premises
	Working Condition Benefits
	Non additional Cost Service
	Health Saving Accounts
	Employee Discount

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