Increase take home salary

Hi,

What are the best ways to increase take-home salary?
Will it impact any other components?

Please provide details.

Thanks.
Ramya

3 Likes

you need to increase the basic to 21K so that emp can opt for no PF. so that take home will increase.
murali

4 Likes

@RamyaV

This is slightly tricky - but there are several ways in which you can do this.

One of the simplest way to do is stick to the statutory deductions and going simple with the payslip format.

Example: 20,000 salary can have only PF and PT & ESI as deductions rest can be removed off.

This is format with the statutory compliance as well helps you to remit the deductions on time without much complexity.


For higher salaried employees - instead of mandatory deductions - make components like FBP / Reimbursements that employees can take benefit of it, when in need else can go with full salary.

Appreciate @pelatro nice idea :slight_smile: !

2 Likes

Hi

Decide yourself, whether you want to stick to statutory compliance or not? Yes, it will be as per the rules… If no…? Gross salary is your take home salary. There are no if’s and but’s in this topic…

5 Likes
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