26 August 2010
Can somebody suggest a good break up of Rs.12 Lacs CTC where some body can avail maximum IT benefit ? Current IT deductions is Rs.8500/- per month.Number of children=2 Nos
SAVINGS DETAILS : LIC=Rs.1 Lacs, MEDICLAIM=Rs.7000 , HOUSE RENT PAID=Rs.7000
1. HRA exemption up to Rs.7000 p.m 2.Mediclaim can be inscrease to Rs.15000 p.a 3. Children education and Hostal expenses allowance Rs.100 and Rs.300 Per child p.m 4. Opt Rs.800 per month for Transport allowance 5.Avail Rs.20000 more deduction for Infra bonds u/s.80 6. Opt LTA, Meal facilities,maximum posssible