Please suggest a suitable Salary break up for approx. 9.0 Lac per annum to save huge tax payment
salary brakup
basic 30000
hra 15000
conve 800
sp all 1200
total 47000 pm 564000 PA
balance breakup required to avoid tax ?
please help
From India, Mumbai
salary brakup
basic 30000
hra 15000
conve 800
sp all 1200
total 47000 pm 564000 PA
balance breakup required to avoid tax ?
please help
From India, Mumbai
You can Rs.1250/- towards medical reimbursement, food coupons worth of Rs. 1300/-, LTA, Rs.24000/- pa , Children education @ 100/- per child / month & up to 2 kids. etc., Books & journals- Rs.1000/-pm, Attire allowance etc
regards - kamesh
From India, Hyderabad
186regards - kamesh
From India, Hyderabad
In addition to Kamesh suggestion, I would suggest the following.
HRA - you have considered 50% of basic. But it is applicable to Metros only. Non-metros should have only 40% of HRA. As per the latest CBDT circular, if the House Rent exceeds Rs.180,000/-p.a, the employee need to quote the PAN of landlord or declaration to the effect that the landlord doesn't have PAN.
Food coupons can go upto Rs.2700/- p.m.
Pon
From India, Lucknow
HRA - you have considered 50% of basic. But it is applicable to Metros only. Non-metros should have only 40% of HRA. As per the latest CBDT circular, if the House Rent exceeds Rs.180,000/-p.a, the employee need to quote the PAN of landlord or declaration to the effect that the landlord doesn't have PAN.
Food coupons can go upto Rs.2700/- p.m.
Pon
From India, Lucknow
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