Pls comment on this salary structure
Details | Amount | Details of Salary Break Up | |
Basic | 50% | 37500.00 | With Salary |
HRA | 20% | 15000.00 | Rent paid receipt will be provided |
Children Eduction Allowance | Allowance | 400.00 | (Exempted) 200 PM for 2 Child |
LTA | 3500.00 | (Exempted 2 times in 4 Years) | |
Reimburshment | |||
Books & Peridiocals/Magazine Reimburshment | 2500.00 | (Exempted) in case bill provided U/s 10(14) | |
Medical Reimburshment | 1250.00 | (Exempted) in case bill provided | |
Car Driver Salary Reimburshement | 8350.00 | (Exempted) in case used for office purpose only U/s 10(14) | |
Car Petrol/Conveyance Reimburshment | 3500.00 | (Exempted) in case used for office purpose only U/s 10(14) | |
Telephone/Mobile Bills Reimburshment | 1500.00 | (Exempted) in case used for office purpose & approved | |
Food Vouchers Reimburshement | 1500.00 | (Exempted Rs 50 Per Meal) | |
Gross CTC (PM) | 75000.00 | ||
Less: Reimburshment | |||
Books & Peridiocals/Magazine Reimburshment | 2500.00 | Bills will be provided | |
Medical Reimburshment | 1250.00 | Bills will be provided | |
Car Driver Salary Reimburshement | 8350.00 | Voucher Will be provided | |
Car Petrol/Conveyance Reimburshment | 3500.00 | Petrol Slip will be provided | |
Telephone/Mobile Bills Reimburshment | 1500.00 | Bills will be provided | |
Food Vouchers Reimburshement | 1500.00 | Like Sudesco Vochers Etc | |
Taxable Salary | 56400.00 | ||
Less : Allowed Deductions | |||
U/s 80C | 8333.33 | ||
U/s 80D | 1250.00 | ||
HRA | 11250.00 | ||
Children Eduction Allowance | 400.00 | ||
Net Taxable Salary | 35166.67 | ||
Full Year | 422000.00 | ||
Less Basic Exemption | 200000.00 | ||
Taxable Salary | 222000.00 | ||
Full Year Tax | 22200.00 |