Re: PAYMENT OF ALLOWANCES
my company provide housing allowance to certain employees. The amount of allowance does not show in the Payslip. When question the accounts dept said allowances are paid separately by cheque. Reason being to avoid tax deduction and the Finance Manager said he checked with Income Tax who said it can be done as such.
in our letter of empllyee benefit housing allowance its wirtten that housing allowances is paid through monthly salary
Isnt it also means that our EPF deduction and company contribution will be low too?