Dear Experts,
Please find the following details of my monthly Salary structure and I am working on Contract for Software firm, kindly help & give some tips on Tax benefits. How much minimum I can invest to save the Tax.
Basic 22,500.00
HRA 11,250.00
Flexi 38,550.00
Total: 72,300.00
Deduction
Tax - FTM 8,422.00
Prof Tax 200.00
PF 2,700.00
Total - 11,322.00
As of now I have Paid Rs. 25,000/- Insurance Premium, House Rent monthly Rs. 11,000/- and I am Pursuing MBA education from Pvt firm on monthly EMI basis of 3200/- per month.
Also I would like to inform that this Salary hike started from the month August 2008 since I left my previous company.
Thanks & regards
Mahesh
Please find the following details of my monthly Salary structure and I am working on Contract for Software firm, kindly help & give some tips on Tax benefits. How much minimum I can invest to save the Tax.
Basic 22,500.00
HRA 11,250.00
Flexi 38,550.00
Total: 72,300.00
Deduction
Tax - FTM 8,422.00
Prof Tax 200.00
PF 2,700.00
Total - 11,322.00
As of now I have Paid Rs. 25,000/- Insurance Premium, House Rent monthly Rs. 11,000/- and I am Pursuing MBA education from Pvt firm on monthly EMI basis of 3200/- per month.
Also I would like to inform that this Salary hike started from the month August 2008 since I left my previous company.
Thanks & regards
Mahesh