I want to start a small company and salary structure should be like that which gives benefits in terms of Tax to the employees as well as to the company also. I want to give Medical Insurance to my employees also. Is this possible for a small company?
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Yes Dear, Friend you can give insurance benefit to your employees even it is small organisation. But in the case of a tax benefit you cannot able to give because it is a government property and only government has rights to change its tax slabs. With Thanks
Hi. I think it is definitely possible to give Insurance benefits to your employees if you are really determined to do so. It depends on the financial resources of your company but surely you can find a suitable way of using your resources to give medical insurance benefits to the employees if you really want to do so. Also tax benefits is also possible by increasing their non-taxable money by various means.
So you should use your resources in the best way possible so as to give such benefits to your employees.
It is very wishful thinking on your part. Best of luck. Thanks
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