Understanding Your CTC: Which Components Are Taxable and Which Are Not?

Hi All,

I have the following components in my CTC. Kindly let me know the taxable components:

- Basic Pay
- HRA
- Special Allowance
- Conveyance
- Leave Travel Allowance (LTA)
- Medical Reimbursement
- Superannuation
- Gratuity
- Medical Insurance
- PF

Waiting eagerly for your replies.

Regards,
Aravind Baalaaji

Hi Aravind,

As per my knowledge, the taxable components would be:
Basic Pay
HRA (unless it's restricted to 40% of gross in other cities and 50% in metros)
Special Allowance
Conveyance (if more than 800)
PF Withdrawal is taxable

Not taxable:
Gratuity is exempt from tax for Government & Local Authority employees and for Private employees if it's covered under the Gratuity Act
Superannuation as it's a retirement benefit
PF contribution
Medical Reimbursement

Regards,
Ranjit

[QUOTE=Keerthy Reddy;682254]
Hope this will help you.

I think Aravind was asking which components are taxable, not about a salary structure. Please avoid just copy-pasting stuff out here.

Regards,
Ranjit
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