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Dear Sir, Kindly support me to create offer for 6 lac CTC where I can define maximum take home with less income tax. Best regards, Parimal
From India, Ahmadabad
Well that is really interesting, What did your Finance Manager have to say about this? If he is a CA he will be the best person who will plan
To give a general idea, you will have to understand the various perquisites where tax saving can be availed. Besides HRA there are a few other areas where tax rebate is possible such as Education allowance ( permitted @ Rs.300/child); Professional Development Allowance, LTA. In all these circumstances bills are required to be given as proof. Personally an individual can claim income tax rebate on any Home loan interest he is paying, any insurance he pays under 80 CC is also exempt. All proof have to be submitted before February in order to manage TDS properly...

From India, Madras
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