How to structure Salary to minimise tax

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R RAMNATH (Querist)
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17 October 2008 This is a query I have seen floating in various forums, which unfortunately remains unaswered. Assuming that an individual gets a gross package (cost to company) of Rs. 50 lakhs per annum. What is the best possible salary structure which will ensure that he pays as minimum a tax as possible.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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17 October 2008 It can not be answered just across without having a look at the facts of each case. To state a few it depends upon various parameters like whether the person concerned has hi own house or not, maintains his own car or not, etc.

Unfortunately, people think that this question has a ready made answer and that is why they get disappointed.

R RAMNATH

R RAMNATH (Querist)
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17 October 2008 Good to see your reply. The facts are minimal. The gross package is Rs. 50 lakhs p.a. The rent paid is Rs. 20,000 per month (it is open whether HRA needs to be taken or a rent free unfurnished accomodation built in). Besides this, the floor is left open to structure the salary. The Company provides no car, but the employee has his own car. How does one do that. Let us for a moment also assume that the employee takes the FBT payment in his package.

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