Sunday, 21 August 2011

HR Support to Employees

HR can support all the employees by saving their money by giving a structure to the CTC.
Few investments need to be done on the employee's end.
A.  Investments
1.  PPF account - Maximum Rs. 70,000 /-.
2.  LIC Investment - Jeevan Dhara, Jeevan Akshay Policies.
3.  TAX Saving LIC.
4.  NSC and Pension fund.
5.  Insurance - Term/ Endowment.
6.  Repayment of Principal Amount towards Housing Loan.
7.  Payment towards Tuition Fee for Self Children - Max 2. 
8.  Tax Saving SIP.
B.  Expenditure
1.  Payment of Rent 
2.  Mediclaim Premium u/s 80D.
3.  Expenses incurred for Medical Treatment of Handicapped Dependent u/s 80DD.
4.  Expenses incurred for Self Medical Treatment of Handicapped employees u/s 80 U.
5.  Interest on Housing Loan u/s 24.

Over and above Rs. 1,00,000 - Rs. 20,000 /- in Infrastructure Bonds

Happy Investing...


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