Understanding CTC Breakup and Tax Deductions for a Salary of Rs. 83,000 – Can You Help?

Can you please tell me what would be the CTC breakup for a salary of Rs. 83,000/-, and how would tax be deducted from this net salary? Please help.

Regards,
Supriya

Supriya, is the CTC ₹83,000 or is it a monthly gross of ₹83,000? Please confirm.

I hope this helps you understand the solution to your problem. Please note that the tax liability will also be calculated by deducting the HRA to the eligible limit and the medical bills depending on a case-to-case basis. Again, if the person fails to invest under Section 80C (with a cap limit of 1 lakh), the deducted 1 lakh should not be deducted, and the whole income is to be taxed. Also, if the person has a small income from other means which he asks your firm to adjust, the same is to be adjusted. I believe this will depend on the company policy. Hope this helped.

Ankita,
PF 6000 worked out, not getting. Can you please help me understand?

Supriya,
Shifting a chunk of income to reimbursements cuts annual tax by a good amount.
A higher basic salary increases the contribution towards PF.
Junking bonus/company bonus other than statutory helps increase the net salary at home.