In: Accounting
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.
| 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 |