Trending @Capgemini; Allowances #1 &#2

Hi Everyone,

Do the Allowances #1 and Allowance #2 components are paid on a monthly basis?

If someone is opting for a new tax regime then allowance components are taxable?

For the new tax regime do we really need to set options like LTA, Books and Journals etc? If not set then how does the payslip look for these two components?

8mo ago

MagicalJellybean

Capgemini

8mo

If you claim books and journals , etc then only you need to do that. LTA is taxable in new regime. So mostly you dont need to do anything if you are selecting new regime.