#40 - Peak time to realign your salary structure with this financial year ending. Grab this offer! Now 20% off.

Restructure your salary components. Build a market-based salary structure to make it tax-friendly.

Compensation has always been a competitive advantage to attract & retain talent, and more so in 2024 when talent costs are skyrocketing. Employers are expected to balance the needs of their employees (paying lower taxes, more take home) while ensuring control over liabilities, retirals, administration, and 100% compliance.

What should you consider?

• Did you evaluate the 67 comp & benefit components?
• Still working on an outdated salary structure?
• Incorrect benefits can lead to stiff penalties & unnecessary hassle.
• A detailed analysis of the existing salary structure. Which components could be dropped, and which should be retained?

Why is it important for SMEs & large enterprises?

The corporates have put location-based salary restructuring plans on the back burner as 2024 looks to be the year of the employee. Salary restructuring can help employees increase investments and tax rebates and decrease tax liability.

Restructuring the salary for tax savings means including more tax-free components in it without changing your total salary. While carrying out this restructuring exercise, care is being taken to ensure that the restructured salary package remains employee-friendly.

Every employee of the organization looks forward to a?pay?hike and reduced tax liability. At the same time, the management wants to keep the operational costs low. How are you going to handle both?

Compensation?Restructuring?Process?- Fewer Taxes, More Take Home!

To learn more, write an email to [email protected].