Annual salary distribution
A Basic 870,000 B Flexible salary 1,079,793 C Annual Profit Sharing Bonus 174,000 D Retiral benefits 51,207 (Employer Contribution to PF Rs.780 PM, Gratuity @ 4.81% ofBasic)
My friend have following offer, please suggest how to get distribute flexible component to get maximum tax benefit. Also employer contribution to PF is only 780p.m. is it legally valid.
