Hi,
I am new to the forum and require suggestions for the below-mentioned details.
1. Please find below the CTC break-up. I need suggestions to make it tax-friendly.
PARTICULARS YEARLY (In Rs.)
FIXED PAY
Basic 2,22,000
HRA 88,800
Conveyance 9,600
Medical allowances 15,000
Food Coupons 15,000
Special allowances 1,32,000
GROSS SALARY (A) 4,82,400
Performance Bonus 24,120
Leave Encashment 11,100
Cost To Company (INR) 5,17,620
2. The Company is basically a startup; there is no PF component. Please provide suggestions on how to proceed.
3. The company doesn't have a PF component, so I need suggestions for tax savings.
4. Please suggest a change in the pattern of CTC breakup to make it tax-friendly and ensure maximum take-home pay. Currently, I am receiving a total of Rs. 40,000 in hand.
5. The company is planning to start TDS deductions. Should I recommend that the deductions be made in one shot in the month of March, or should I suggest spreading them over the next three months (Jan, Feb, Mar)?
From India, Delhi
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I am new to the forum and require suggestions for the below-mentioned details.
1. Please find below the CTC break-up. I need suggestions to make it tax-friendly.
PARTICULARS YEARLY (In Rs.)
FIXED PAY
Basic 2,22,000
HRA 88,800
Conveyance 9,600
Medical allowances 15,000
Food Coupons 15,000
Special allowances 1,32,000
GROSS SALARY (A) 4,82,400
Performance Bonus 24,120
Leave Encashment 11,100
Cost To Company (INR) 5,17,620
2. The Company is basically a startup; there is no PF component. Please provide suggestions on how to proceed.
3. The company doesn't have a PF component, so I need suggestions for tax savings.
4. Please suggest a change in the pattern of CTC breakup to make it tax-friendly and ensure maximum take-home pay. Currently, I am receiving a total of Rs. 40,000 in hand.
5. The company is planning to start TDS deductions. Should I recommend that the deductions be made in one shot in the month of March, or should I suggest spreading them over the next three months (Jan, Feb, Mar)?
From India, Delhi
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Hello Arjun, Enclosed herewith salary break up with all tax saving components, The ctc is 43000 per month Thanking you, Regards, Ashish
From India, Pune
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176From India, Pune
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Dear Ashish,
Thank you so much for the quick reply. I have a few more clarifications. As of now, my in-hand salary is Rs. 40,000. The company doesn't want to change the in-hand salary part. So, keeping the same into consideration, please provide suggestions. PFA of the CTC break up details. Also, find the tax declaration form. Please suggest the tax-saving options.
Thank you.
From India, Delhi
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Thank you so much for the quick reply. I have a few more clarifications. As of now, my in-hand salary is Rs. 40,000. The company doesn't want to change the in-hand salary part. So, keeping the same into consideration, please provide suggestions. PFA of the CTC break up details. Also, find the tax declaration form. Please suggest the tax-saving options.
Thank you.
From India, Delhi
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Dear Ashvan, can u show me a complete details about salary calculation and tax calculation for the gross salary of Rs. 30000/-
From India, Madras
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From India, Madras
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Dear Ashish,
Hello.
Enclosed herewith is the salary breakup with all tax-saving components. The CTC is INR 43,000 per month.
I apologize for the inconvenience, but could you please provide more detailed comments? Specifically, could you explain why a particular amount is allocated under each header?
For example, I understand the reasoning behind the Rs 200 per month for the education allowance. However, based on my understanding, medical allowance is non-taxable up to Rs 1250 per month. So, I am assuming that as per your structure, medical allowance or reimbursements for relatives can be included up to a certain limit. Could you elaborate on this further?
Thank you for your assistance.
Regards,
Arjun
From India, Mumbai
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Hello.
Enclosed herewith is the salary breakup with all tax-saving components. The CTC is INR 43,000 per month.
I apologize for the inconvenience, but could you please provide more detailed comments? Specifically, could you explain why a particular amount is allocated under each header?
For example, I understand the reasoning behind the Rs 200 per month for the education allowance. However, based on my understanding, medical allowance is non-taxable up to Rs 1250 per month. So, I am assuming that as per your structure, medical allowance or reimbursements for relatives can be included up to a certain limit. Could you elaborate on this further?
Thank you for your assistance.
Regards,
Arjun
From India, Mumbai
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Hello Arjun, Enclosed herewith another break up near to your take home 40000Rs Thanking you Regards, Ashish
From India, Pune
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From India, Pune
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Hi, Suggestions Required for CTC break up for 22 lac Dear Senior. Can anyone suggest me to do for the same. Regards Pooja
From India, Delhi
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From India, Delhi
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