How to Design a Tax-Saving Salary Structure for an 18 Lakh Annual Package?

deepakc

Hi, can someone please suggest an ideal salary structure for an 18 lakh salary per annum? I would appreciate tax-saving suggestions and advice on how to design a salary to maximize benefits and reduce tax liability.

aa_somani

Dear Deepak,

You can save tax on investments up to ₹100,000 under Sec. 80C. Additionally, you can save tax on investments up to ₹20,000 under Sec. 80CCF in infrastructure bonds. You can also save tax on Mediclaim premium, up to ₹15,000 under Sec. 80D. There are other deductions available, such as LTA, medical expenses, and more.

Apart from the above, you can claim a deduction on housing loan interest under section 24, up to the extent of ₹150,000.

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