Hi,
One of my friend is changing her job and her current saalry is 24 LPA so please mail me a salary break up of 24 lacs per annum without pf (Salary structure) so that if she submits the same structure in her new company than she has to pay lesser tax in coming MArch 2012.
Its urgent so please mail at
Pooja
From India, Delhi
2One of my friend is changing her job and her current saalry is 24 LPA so please mail me a salary break up of 24 lacs per annum without pf (Salary structure) so that if she submits the same structure in her new company than she has to pay lesser tax in coming MArch 2012.
Its urgent so please mail at
Pooja
From India, Delhi
Hi, salary structure is depend on company. so, there is no specific format for salary breakup. about income tax saving consult income tax or search on income tax official wesite. Regards, sushil.
From India, Pune
From India, Pune
Pooja,
For 24L CTC, she/he has to pay I.T. but can structure the pay to attract less I.T.. I am also falling in this category, I opted the following structure which may be useful.
1. Divide the CTC into Base bay & Choice Pay. Base pay is 40% of CTC.
2. HRA 50% of basic for metros or 40% for non-metros. (exempted on gross minus 10% of basic subject to rental receipts production)
3. Med. Assistance - 15000/- p.a (exempted subjected to production of bills)
4. Conveyance - If she/he has own Car in his/her name, she/he claim Rs.240,000/- p.a. towards company related trips. Only the statement of exp. has to be signed by the immediate manager. In case of 2 wheeler, 60,000/- p.a. is allowed. Otherwise flat rate of 800/- p.m is totally exempted, no proof is required to be produced.
5. Child Edu.allowance - Rs.100/per child/p.m for max 2 children. total exempt
6. Child Hostel allowance - Rs.200/- per child/month for max. 2 children, if they are in hostels. total exempt.
7. Food coupons - 2700/- p.m. total exempt
8. Gift Vouchers - Rs.5000/- p.a. total exempt
9. Club Allowance - Upto 200,000/- p.a. for the registered health/holiday clubs. Photo Id of club and receipts have to be produced for exemption.
Rs.100,000/- on savings under 80C
Rs.20,000/- on Infra bonds under 80 CCF
Housing loan interest upto 150,000
Reast are taxable.
Hope I clarified. For any doubts, revert.
Pon
From India, Lucknow
For 24L CTC, she/he has to pay I.T. but can structure the pay to attract less I.T.. I am also falling in this category, I opted the following structure which may be useful.
1. Divide the CTC into Base bay & Choice Pay. Base pay is 40% of CTC.
2. HRA 50% of basic for metros or 40% for non-metros. (exempted on gross minus 10% of basic subject to rental receipts production)
3. Med. Assistance - 15000/- p.a (exempted subjected to production of bills)
4. Conveyance - If she/he has own Car in his/her name, she/he claim Rs.240,000/- p.a. towards company related trips. Only the statement of exp. has to be signed by the immediate manager. In case of 2 wheeler, 60,000/- p.a. is allowed. Otherwise flat rate of 800/- p.m is totally exempted, no proof is required to be produced.
5. Child Edu.allowance - Rs.100/per child/p.m for max 2 children. total exempt
6. Child Hostel allowance - Rs.200/- per child/month for max. 2 children, if they are in hostels. total exempt.
7. Food coupons - 2700/- p.m. total exempt
8. Gift Vouchers - Rs.5000/- p.a. total exempt
9. Club Allowance - Upto 200,000/- p.a. for the registered health/holiday clubs. Photo Id of club and receipts have to be produced for exemption.
Rs.100,000/- on savings under 80C
Rs.20,000/- on Infra bonds under 80 CCF
Housing loan interest upto 150,000
Reast are taxable.
Hope I clarified. For any doubts, revert.
Pon
From India, Lucknow
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