Can someone help me understand what are the variou...
# compensation-and-benefits
v
Can someone help me understand what are the various tax friendly salary components some of you offer in your org
k
@Megha NPS Food Internet
m
At Springworks , these are some of the tax friendly allowances 1. Professional Development 2. Travel Reimbursement (LTA) 3. Telephone Allowance 4. Periodic Journal 5. Internet Allowance 6. Food Coupons ( Sodexo )
w
Adding to above, 1. Books and Periodical Allowance 2. Child Education Allowance 3. Uniform Allowance (for junior roles) 4. Entertainment Allowance 5. Driver Allowance (for senior roles)
s
You can also add NPS to the above list, one of the very good tax-exemptible component
Driver allowance - you will want to ensure that you are not following the total remote work model, if it is in office/hybrid, no issues
w
For few roles, driver allowance is still an option for remote companies, such as consulting, communication, marketing, etc.
👍 1
s
Adding to above, Fuel and Vehicle maintenance.
Fuel is 2000 per month
a
Wellness allowance such as, gym membership, or anything which enhances the health
v
🙏 thank you