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Dear All,
Can any body tells a that salary breakup (Basic+HRA+Another Allowances) of Rs. 24,000/- in which we can get more exemptions or deductions from TAX and can nil the whole tax payable wiithout deduction of PF .
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Dear Arti, Please refer the attached file. I believe it will answer all your queries. For any other clarification feel free to write or disucss.

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Dear Tapas, Inspite of writing you can use the appreciate option. It will avoid uncessary postings.
Hi! Arti,
Let us have Basic of Rs. 7000/-( for PF Exemption), HRA 40% of Basic Rs. 2800/- (Tax free subject to conditions),
Rs. 1300/- by Food Plus Card , Rs. 1250/- Medical Reimbursement, Rs. 800/- Conveyance exp (all 3 Tax Free). Rest is Special Allowance Rs. 10,850/-.
In this Taxable income would be Rs. 2,14,200/- which will attract NO TDS, if we avail 80C.
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