What would be my in-hand salary for this ctc structure?

Hello Ankur, as far as i know, your in-hand salary will include all the allowances except for:  1) Provident Fund Contribution of 780/- which is deducted from salary; 

2) Group insurance premium of 86/- per month as mentioned which will also be deducted

3) Income tax (tds) will be deducted, after which, the remaining amt. will be your in-hand salary.

Allowances like House Rent are partly taxable. Also, the medical reimbursement is not paid with salary but reimbursed only after you incur actual medical expenses, but i'm not too sure about that. For the meal coupons, they might give you the coupons itself, worth 2500, or the amt. could be paid to you, which you should ask HR.

I also found this page which might be helpful, read it - https://www.mycitysurat.com/a_tips_ctc_net_salary.php

Basic - Rs. 24,063 (taxable)

HRA - Rs. 12,031 (taxable if not living on a rented house and not paying rent)

City comp allowance - Rs. 23,326 (taxable)

Medical reimbursement - Rs. 1,250 (exempt provided you furnish medical bills)

Telephone allowance - Rs. 2,000 (taxable) (exempt if use for office)

Transport allowance - Rs. 800 (exempt)

Attire allowance - Rs. 1,000 (taxable) (exempt on actual exp)

Technical books - Rs. 1,000 (taxable) (exempt on actual purchase)

Meal coupons - Rs. 2,500 (Rs. 1,250 exempt)

Hello Ankur.

Generally a company gives such structure to allow employees to claim tax exemptions from income from salary.

As per your offer letter a monthly deduction of only Rs.780 (PF Contribution) and Rs. 86 (Group mediclaim) will be deducted.

As far as food coupons are concern if the company provides you coupons you can always use it if required or can also encash the same, but the same will be taxable if you plan to encash it.

Congrads and all the best for your new venture.