I Have the Below Salary Structure for My employees , Due to the change of rules and introduce of New regime let me know for which components will we shall accept the Bills for exemption and if the “Tiffin/Lunch/Refreshment Allowance” will also be exempted as it is part of salary every month . Also will it change for OLD/New Regime ?
Salary structure is :
Gross Salary ( Fixed Every Month )
Monthly Medical Allowance
Monthly Child Education Allowance
TDS(Tax Deducted at Source)