The pay package of a salaried employee may include various allowances, reimbursements, and special pay components, some of which are partially or fully taxable under old and/or new tax regime. For example: Sodexo meal card is tax exempt under old and new tax regime only if it is given for up to Rs 200 per meal (maximum Rs 1.05 lakh benefit in a year).
Following is the list of the allowances and reimbursements which are often common components of the salary structure.
