Confused About My Salary Package: How Do I Calculate My Real Monthly Take-Home Pay?

As is the case with many of us, I am very confused about a salary package that has been offered. On the face of it, it appears to be a good raise; however, what I am worried about is that my monthly take-home pay has not increased substantially. Can someone help me in computing what my monthly take-home pay would be? The breakup I have is as follows:

Basic: 340,000 HRA: 170,000 Medical: 15,000 Personal Pay: 284,200 (Includes reimbursable components) Total Fixed Pay: Rs 809,200 PF: Rs 40,800 CTC: Rs 850,000

I have a tax-saving mutual fund amounting to Rs 48,000 and an LIC policy amounting to Rs 62,000, thus taking my total savings for the year to Rs 100,000.00

Reimbursement Allowance is as follows: 1) LTA Rs 40,000 (this is a concern as I will probably never have enough bills for LTA) 2) Telephone Reimbursement Rs 18,000 3) Food Coupons Rs 46,200 4) Car Reimbursement Rs 180,000

Any help on this matter is hugely appreciated as it's very urgent.

On the whole, the offer is correct according to general norms. Actually, your company missed other statutory benefits like Gratuity, Exgratia, Insurance (General mediclaim). Instead of showing a huge personal pay, they should have allocated some amount under the above-mentioned heads. For instance, 40K for LTA and 46K for Food coupons (IT may not accept this large amount under this account). Perhaps, your company prefers to bear the additional tax on this, which you need to pay.

BASIC 340000 12.00 28333.33333
HRA 170000 12.00 14166.66667 subject to submission of receipt
MEDICAL 15000 12.00 1250
43750
PF 3400
40350
IT 3000 approx PROFIT TAX 37350
284200

TELEPHONE 18000 12.00 1500
FOOD COUPONS 46200 12.00 3850
CAR REIMB 180000 12.00 15000
20350
THP 57700

LTA 40000