Salary Breakdown Help: How Should I Allocate My Rs. 40,000 Monthly Income?

Please guide me on the salary breakup for Rs. 40,000 per month in various heads. I am liable to pay/get deducted income tax every month. Additionally, yearly, I am paying around one lakh in various LIC premiums and mediclaim policies.

Thank you.

Salary Components Breakdown

- Basic: 20,000
- HRA: 10,000
- Conveyance: 800
- Medical Reimbursement: 1,250
- Special Allowance: 7,950
- Gross Salary: 40,000

Please find the corrected formatting of the provided details on salary components. I have organized the information in a clearer and more structured manner, ensuring each component is listed on a separate line for better readability. Let me know if you need any further assistance.

Regards