How Can I Maximize Tax Benefits with My CTC of 686,542? Seeking Advice!

I have a total CTC of 686,542. Can you please help me with the CTC break-up for maximum tax benefits.

Thanks.

Salary Components Breakdown

- **Basic Salary:** 40%
- **HRA:** 40% of basic in non-metros or 50% of basic in metros
- **Conveyance Allowance:** Rs. 9,600/- per annum (tax exempted)
- **Medical Assistance:** Rs. 15,000/- per annum (tax exempted subject to production of proof)
- **Children Education Allowance:** Rs. 2,400/- per annum (maximum for 2 children at Rs. 1,200/- per child per annum)
- **Food Coupons:** Rs. 1,350/- per month (Sodexo or Accor)
- The remaining part as special allowance

Hi Damy, your CTC breakup cannot be decided offhand in this manner. It is always determined by the company management and HR as per the company policies. If you are part of the HR team, then you can suggest. Instead of seeking help here, you should consult your CA for the best breakup of CTC. At the same time, I would like to appreciate the breakdown provided by PON1965. Good one.

Regards,
Gaurang

I have seen some companies providing allowances such as uniform allowance and petrol reimbursement. Will these allowances also qualify for tax relief?