Kindly suggest best salary structure to pay minimal tax.
Gross salary is Rs 24 Lacs. Working in Delhi NCR.
Components covered under gross salary presently are Basic/HRA/Conveyance.
What other components can be added to have minimum tax liability.
Gross Salary- 2 Lacs p.m
Sp Allowance- 121900
Basic should be less because we have to refund EL'S on the basis of Basic.
Tax liability can be reduces if u can some of the amount as a conveyance.
Dear Ms Upasana,
Thanks for your revert, here I have two queries;
1) what would tax slab if we consider salary break up as shown by you.
2) what would be take home salary with this break up.
Please clarify on above two points.
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