How Can We Revise Our CTC Structure to Address Employee Tax Concerns?

Dear seniors and colleagues,

Please see the attachment and advise if the structure is correct. I want to revise the CTC structure of employees as they are complaining about the tax liability due to the structure. I have spoken to a CA, and according to them, it's fine. However, I have doubts about the PT part. Can we include PT under the annual components of the CTC structure or not?

Please suggest... it's really urgent.

Regards,
Shikha Jain

Hi Shikha,

I did not understand why you have not kept PT part under monthly deduction but only under the Yearly part. Rest is OK.

Regards,
Neeraj K. Singh

Basic can be 40% of the basic for non-metros and 50% for metros. The basic shall not exceed 40% of CTC. Fuel reimbursement can go up to ₹20,000 per month.

Regards, R. Ponraj

Really, it would be very helpful if you could provide the IT calculation formulae.

Regards,
AVGN Vara Prasad