Salary Breakup For 2007 - 2008

nadim_akthar
Friends,
i get a salary of 2.4 per annum and tds deducted per month is 1700. My salary is hiked to 3l per annum. Can anyone give me salary breakup with least tds? Also like to know non taxable part of salary.
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vijeta.kumar
hello,
this depends upon ur salry structure
the deduction which u can get is
Conveyence allow: 800*12 =9600 tax free
Medical reimbursment: 1250*12 =15000 Tax free
HRA Tax free if residing in rented house = 50% of basic
Contribution to P.F
Any inverstment upto 1,00,000 Rs tax free
After deducting these amount from ur salary calculation of tax is been done and TDS will be calculated accordingly.
Rest will tell u once i'll come to know about ur salary breakup.
Regards
Vijeta
nadim_akthar
Thanks vijeta,
My sal brk up consists of: Basic, conveyance, hra,medical re imbursement, pf, gratuuity, bonus,tds. Also i make no investments. pls add up all the above to 25 thousand/ month so as to make the least tds payment
nadim_akthar
My sal brk up consists of: Basic, conveyance, hra,medical re imbursement, pf, gratuuity, bonus,tds. Also i make no investments. pls add up all the above to 25 thousand/ month so as to make the least tds payment
radhar
Hi,
You can work out this way.
Basic 12500
HAR 5000
Medic 1500
Conveyance 1000
PF 1500
Gratuity 550 (approx)

You can also ask for meal vouchers which is exempted from tax upto Rs.1500 per month.
Regards
Radha
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