Hi,
I just been offered a package of 30LAcs as fixed with 5lacs as PLI (Performance Linked Incentive) I need the most tax saving break up of this CTC to negotiate with? The components mentioned are, basic, LTA, Med,car, Driver, Conveyance,spl allowance, Med Insurance,PF, Gratuity, Bonus...
This is urgent, Pl help
Thanks
From India, Delhi
I just been offered a package of 30LAcs as fixed with 5lacs as PLI (Performance Linked Incentive) I need the most tax saving break up of this CTC to negotiate with? The components mentioned are, basic, LTA, Med,car, Driver, Conveyance,spl allowance, Med Insurance,PF, Gratuity, Bonus...
This is urgent, Pl help
Thanks
From India, Delhi
4
Dear Charvaka
i too pose a similar concern.
My current consolidated compensation with my employer is 15 Lakhs ( i work as a Chief Consultant. with a new opportunity i am being offered a CTC base compensation. How much should i negotiate for? ( i am thinking of around 20 lakhs)
what would be the total tax deductions per month and per year on 20 lakhs CTC?
From India, Mumbai
i too pose a similar concern.
My current consolidated compensation with my employer is 15 Lakhs ( i work as a Chief Consultant. with a new opportunity i am being offered a CTC base compensation. How much should i negotiate for? ( i am thinking of around 20 lakhs)
what would be the total tax deductions per month and per year on 20 lakhs CTC?
From India, Mumbai
Dear Roshni, Thank you so much for the info...It is indeed very useful. I would appreciate if I can get some suggestions on expense heads which i can ask for, to reduce tax liability. Regards Aditya
From India, Delhi
From India, Delhi
Dear Charvaka,
Let me elaborate, i need to know what can be the best net take home salary in a CTC of 30 lacs. I have this offer and I need to make a decision based on the net earnings that I will take home every month, apart from other things.
So, if you can break this ctc down into a monthly net package, with the best possible tax savings, by adding expense heads which are claimable on monthly basis, it'll be great.
Hope this helps...
Regards
Aditya
From India, Delhi
Let me elaborate, i need to know what can be the best net take home salary in a CTC of 30 lacs. I have this offer and I need to make a decision based on the net earnings that I will take home every month, apart from other things.
So, if you can break this ctc down into a monthly net package, with the best possible tax savings, by adding expense heads which are claimable on monthly basis, it'll be great.
Hope this helps...
Regards
Aditya
From India, Delhi
Gross salary 2000000
Conveyence 800
medical allow 1250
HRA 3500
Total GS 1994450
PT 200
Total GS 1994250
80C 100000
80CCC 10000
Aggregate Deductions 1884250
Loss of Hoiserent property/house loan 150000
total taxable income 1734250
tax payable 424275
Sec & higher education cess 8485.5 14000 10%
Education cess @ 1% 4242.75 40000 20%
Total Tax payable 437003.25 370275 30%
per month 36416.9375
Note:Under section 80C & 80CCC & 80D & HOUSE LOAN & VEHICLE ALLOWANCE & HOUSE RENT YOU HAVE TO SUBMIT THE BILLS.
From India, Hyderabad
Conveyence 800
medical allow 1250
HRA 3500
Total GS 1994450
PT 200
Total GS 1994250
80C 100000
80CCC 10000
Aggregate Deductions 1884250
Loss of Hoiserent property/house loan 150000
total taxable income 1734250
tax payable 424275
Sec & higher education cess 8485.5 14000 10%
Education cess @ 1% 4242.75 40000 20%
Total Tax payable 437003.25 370275 30%
per month 36416.9375
Note:Under section 80C & 80CCC & 80D & HOUSE LOAN & VEHICLE ALLOWANCE & HOUSE RENT YOU HAVE TO SUBMIT THE BILLS.
From India, Hyderabad
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CTC-Salary Break Up.pdf
CTC Break up.xls