Hi,
For such big amount, CTC has to be structured in such a way that the employee is benefitted max. from tax implications.
I would suggest you to follow the below structure.
1. Basic - 40% of CTC
2. HRA - 50% of Basic in case of metros or 40% of basic for non-metros. Rent receipts can be used for tax rebate.
3. Conveyance - Rs.9600/- p.a. (Alternatively, Fuel & Maintenance charges upto 20,000/- p.m. can be claimed as tax free if he/she owns a 4 wheeler or 5000/- p.m in case of 2 wheeler) If Fuel & Maintenance charges are availed, the conveyance allowance can not be availed.
4. Medical Assisatnce - Rs.1250/- p.m (subject to production of proof)
5. Food coupons - Rs.2700/- p.m tax free
6. Gift Vouchers - Rs.5000/- p.a. tax free
7. Children Edu. Allowance - Rs.100/- p.m. per child (max 2 children) tax free
8. Club Allowance - upto 2L p.a. tax free (Health clubs/holiday clubs with ID card and payment receipt can be claimed for tax rebates)
9.LTA - upto 2 basics (tax benefit twice in a block of 4yrs, subject to production of Air/Train tkts for self and dependents)
Pon