Please correct if I am right for the below CTC:
CTC: 380000
Basic: Rs. 14249 (45% of gross)
HRA: 5699 (40% of Basic), City is Delhi, Company is Pvt Ltd.
Conveyance: 800
D.A.: 4274 (30% of Basic)
CCA: 2849 (20% of Basic)
Medical: 1000
Spl. Allow: 1700
Other: 1095
-------------------
Total: Rs. 31,666
Please advise me on the maximum exempted slab for this particular matter, and what would be the TDS deduction. Not required to deduct PF & other. If anything is required to add (to save TDS), then also please advise. Your reply will be highly appreciated.
Regards,
Roy
From India, Delhi
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CTC: 380000
Basic: Rs. 14249 (45% of gross)
HRA: 5699 (40% of Basic), City is Delhi, Company is Pvt Ltd.
Conveyance: 800
D.A.: 4274 (30% of Basic)
CCA: 2849 (20% of Basic)
Medical: 1000
Spl. Allow: 1700
Other: 1095
-------------------
Total: Rs. 31,666
Please advise me on the maximum exempted slab for this particular matter, and what would be the TDS deduction. Not required to deduct PF & other. If anything is required to add (to save TDS), then also please advise. Your reply will be highly appreciated.
Regards,
Roy
From India, Delhi
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I was thinking of exactly similar to what Mr. Roy has mentioned. Any expert advices on that?
From India, Pune
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1From India, Pune
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Hi Royshanu,
I think in your case, the structure should be as follows: Basic Rs. 190000, HRA Rs. 9500, Conveyance Rs. 800, Medical Reimbursement Rs. 1250, and the balance Rs. 1117 as special allowance. This would be a simple and most tax-saving structure.
Thanks
From India, New Delhi
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I think in your case, the structure should be as follows: Basic Rs. 190000, HRA Rs. 9500, Conveyance Rs. 800, Medical Reimbursement Rs. 1250, and the balance Rs. 1117 as special allowance. This would be a simple and most tax-saving structure.
Thanks
From India, New Delhi
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Hi Royshanu,
I think in your case, the structure should be as follows: Basic Rs. 19,000, HRA Rs. 9,500, Conveyance Rs. 800, Medical Reimbursement Rs. 1,250, and balance Rs. 1,117 as special allowance. This would be a simple and most tax-saving structure.
Thanks
From India, New Delhi
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I think in your case, the structure should be as follows: Basic Rs. 19,000, HRA Rs. 9,500, Conveyance Rs. 800, Medical Reimbursement Rs. 1,250, and balance Rs. 1,117 as special allowance. This would be a simple and most tax-saving structure.
Thanks
From India, New Delhi
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Hi,
Basic - 12667/- (40% of Gross)
DA - 4750/- (15% of Gross)
HRA - 4433/- (35% of Basic)
CCA - 2533/- (20% of Basic)
Conveyance - 800/- (which is exempted from Tax)
Medical Reimbursement - 1250/- (which is also exempted from Tax)
Special Allowance - 5234/-
Gross monthly - Rs. 31666
Regards,
Pushpendra
From India, Delhi
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Basic - 12667/- (40% of Gross)
DA - 4750/- (15% of Gross)
HRA - 4433/- (35% of Basic)
CCA - 2533/- (20% of Basic)
Conveyance - 800/- (which is exempted from Tax)
Medical Reimbursement - 1250/- (which is also exempted from Tax)
Special Allowance - 5234/-
Gross monthly - Rs. 31666
Regards,
Pushpendra
From India, Delhi
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[BEST SOLUTION; LOGICAL and legally compliant too.]
Following are the good points:
- HRA for Metros like Delhi is 50%.
- DA has been RIGHTLY eliminated from the proposal, as it could lead to complications if it's not adjusted quarterly for the rise in inflation.
- Conveyance @ Rs. 800 is tax-free.
- Medical Reimbursement @ Rs. 1,250 is tax-free.
- The balance amount of Rs. 1,117 has been given as special allowance.
@jaya_b03: CCA is City Compensatory Allowance.
Warm regards.
From India, Delhi
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Following are the good points:
- HRA for Metros like Delhi is 50%.
- DA has been RIGHTLY eliminated from the proposal, as it could lead to complications if it's not adjusted quarterly for the rise in inflation.
- Conveyance @ Rs. 800 is tax-free.
- Medical Reimbursement @ Rs. 1,250 is tax-free.
- The balance amount of Rs. 1,117 has been given as special allowance.
@jaya_b03: CCA is City Compensatory Allowance.
Warm regards.
From India, Delhi
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CCA:- City compensatory Allownce, which is almost 30% of Gross monthly or CTC yearly. regadrs,
From India, Delhi
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From India, Delhi
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Hi, I have calculated HRA & CCA on Basic Salary which is already indicated in bracket. pls recheck my post. Regards, Pushpendra
From India, Delhi
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From India, Delhi
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hiiii, I am working at delhi in telecom company. i want to know that if i have monthly gross salary Rs. 12500/- than how to make my salary break up??? Pls help me . Thanks, Regards, Bhawna
From India, New Delhi
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From India, New Delhi
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hi, is Pf not a part of the CTC?.. in the question mentioned above where the ctc is 360000.. Will this ctc not include pf contribution?
From India, Delhi
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From India, Delhi
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Hi,
Is it compulsory to give DA with reference to any act or rules in general practices? Because in my company (Auto Ancillary), the salary structure (prepared by me) is as follows: Basic (40% of gross), HRA (20% of gross), Conveyance (15% of gross), Medical Reimbursement (5% of gross), EA (5% of gross), and 15% other allowances.
So for Rs. 31,666, it is as follows:
- Basic: 12,667
- HRA: 6,333
- Conveyance: 4,750
- Medical Reimbursement: 1,583
- EA: 1,583
- Other Allowance: 4,750
Is it correct or do we need any changes?
Regards,
Swati
From India, Pune
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Is it compulsory to give DA with reference to any act or rules in general practices? Because in my company (Auto Ancillary), the salary structure (prepared by me) is as follows: Basic (40% of gross), HRA (20% of gross), Conveyance (15% of gross), Medical Reimbursement (5% of gross), EA (5% of gross), and 15% other allowances.
So for Rs. 31,666, it is as follows:
- Basic: 12,667
- HRA: 6,333
- Conveyance: 4,750
- Medical Reimbursement: 1,583
- EA: 1,583
- Other Allowance: 4,750
Is it correct or do we need any changes?
Regards,
Swati
From India, Pune
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Salary less tax - CTC.xls