How Can I Maximize My Take-Home Pay and Minimize Taxes with a 3.56 Lakh CTC?

Hi Shreyas, can you suggest the best breakdown of my CTC to maximize my take-home income and minimize the tax impact? My CTC is 3.56 lakhs per annum. The components allowed are:

- Basic
- HRA
- Transport Allowance
- Medical Amount
- Special Allowance
- Washing Allowance
- Sodexo (1300 & 2600 rs. variants only)
- LTA & PF

Could you also advise if the Transport Allowance, Medical Amount, and Washing Allowance are tax-free or not?

Thank you,

Regards

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Basic and special allowances depend on the type of company you work for, such as steel, pharmaceuticals, construction, etc. You can provide medical and LTA allowances of ₹15,000 each per annum, which are tax-free.

Regards

Please go through the attachment for the solution to your problem. However, for Sodexo (₹1300 & ₹2600 variants only), you can choose either the additional mode or reimbursement mode to claim it separately.

Regards