Break up of Salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 May 2010
Dear All,
My CTC is Rs.12 Lacs and the company doesn't have a good break up of salary. So they ask me to advise them the break up of CTC. Please advise me the break up so that I'shall be able to pay minimum tax and the TDS is minimum.I stay in Pune.
Thanking you all.
My CTC is Rs.12 Lacs and the company doesn't have a good break up of salary. So they ask me to advise them the break up of CTC. Please advise me the break up so that I'shall be able to pay minimum tax and the TDS is minimum.I stay in Pune.
Thanking you all.
CMA Ramesh Krishnan
(Expert)
08 May 2010
You can take
1.Basic
2.HRA
3.Transport allowance
4.Children education allowance
5.Hostal expenses allowance
7.Uniform allowance(if uniform provided)
8.Conveyance allowace (for offical purpose)
Perks
1.Car facility
2.LTA
3.Medical reimbursement
4.Food facilites
1.Basic
2.HRA
3.Transport allowance
4.Children education allowance
5.Hostal expenses allowance
7.Uniform allowance(if uniform provided)
8.Conveyance allowace (for offical purpose)
Perks
1.Car facility
2.LTA
3.Medical reimbursement
4.Food facilites
CA Prashant Gupta
(Expert)
08 May 2010
See if you live in rental house then take HRA.
transport allowance is allowed till 800/- p.m.
children education allowance
medical reimbursement till 15000/- is exempt on providing bills.
telephone, petrol reimbursement is also non taxable on providing bills.
transport allowance is allowed till 800/- p.m.
children education allowance
medical reimbursement till 15000/- is exempt on providing bills.
telephone, petrol reimbursement is also non taxable on providing bills.
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