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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

Dear Aditya, I didn’t undersatnd your question!! can u please give me the correct question.so that i can help u Regards Charvaka Reddy
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?

Hello Seniors, Please find the attached...... hope it might help you

Attached Files
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File Type: xls Auto Tax Calculator FY-09-10 version 4(1) after Budget 06-07-2009.xls (115.5 KB, 1776 views)

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
hello, Expense Head include Medical, LTA, Conveyance, Uniform allowance, Petrol re-imbursement, Telephone/Mobile.....
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

Hello Please find the attached CTC break-up for 30 lacs......... Kindly revert........ I have not calculated IT part......

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File Type: xls Book1.xls (15.5 KB, 1497 views)

Dear Aditya,
pls find the attached Fileof tax calculation.below things are tax exemptions
80C - 1,00,000
80CCC - 10,000
80D - 40,000
80DD - 75,000
80DDB - 50,000
80G - CHARITABBLE TRUST FUND 10% OF BASIC SALARY
house laon - 1,50,000
Regards
Charvaka Reddy

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.


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