How Can I Maximize My Take-Home Pay and Minimize Taxes with an 11 Lacs CTC Offer?

I have been offered a CTC of 11 lacs by my employer. Can anybody please suggest what should be the break-up so that I can maximize my in-hand and minimize tax liability?

Thanks

Dear Mr. Kamran Husain,

As you are aware, IT is based on the savings that you make on different heads, including a housing loan. Broadly, it can be stated that Conveyance is exempt up to a maximum of Rs. 800 per month. Medical reimbursements are up to a maximum of Rs. 15,000 per annum, and LTA can be claimed twice in a block of 4 calendar years. To my knowledge, there is no cap on the amount of LTA. The rest of the exemptions are available in the form of HRA or Housing loan, etc.

M.V. KANNAN