Need Help Creating a Payslip for 2.5 Lakhs CTC Without Tax Deductions – Urgent Request

Hi friends,

Ravi here. I need a payslip for the CTC of 2.5 Lakhs per annum with no income tax deducted. It's very urgent. Friends, I humbly request all of you to provide me with this as soon as possible, please.

Thank you.

Salary consists of taxable and non-taxable income. You will have to add the taxable component over and above 2.5 lacs. But what are the taxable components, i.e., FBT, House Rent, Travelling and Local conveyance, Bonus, Incentive and Commission, Medical Allowance, Phone and Staff Welfare, etc.? Friends, please share the applicability for FY 09-10.

OR

Appoint as a Consultant (i.e., on Contract) and pay 2.5 lacs + 10.3% TDS (or as applicable). By reverse calculation, you will get 2,78,707 - 28,707 = 2,50,000/-.

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