How Can I Improve Salary Structure Calculations in a New Company? Seeking Advice!

I am currently employed with a newly established company. In order to streamline some processes in this organization, I need to gain a better understanding of salary structure calculations. I have attached the current salary breakup for reference, but it does not meet my satisfaction. I would appreciate any assistance in this matter.

Dear HR Team,

I would like to propose restructuring the salary to be more employee-friendly, considering the Income Tax Act. Now, which level of salary structure do you prefer? For workmen, salary structuring is not required much. For senior staff, you can divide it as follows: Basic salary, 50% or 40% as HRA, INR 800 for conveyance, LTA, and up to INR 15,000 per year can be allocated for medical reimbursement.

Regards,
J. S. Malik

Dear Malik,

Thank you for your response. I am in need of a salary calculator. If possible, could you assist me with an Excel sheet? The breakdown includes Basic, HRA, LTA, Medical, and the Food Coupon is optional.

Best,
MP