How Can I Make My 5 Lakh CTC More Tax-Friendly Without PF? Seeking Advice!

I am new to the forum and require suggestions for the below-mentioned details.

CTC Break-up and Tax-Friendly Suggestions

1. Please find below the CTC break-up. I need suggestions to make it tax-friendly.

- **PARTICULARS**: YEARLY (In Rs.)
- **FIXED PAY**
- Basic: 2,22,000
- HRA: 88,800
- Conveyance: 9,600
- Medical Allowances: 15,000
- Food Coupons: 15,000
- Special Allowances: 1,32,000
- **GROSS SALARY (A)**: 4,82,400
- Performance Bonus: 24,120
- Leave Encashment: 11,100
- **Cost To Company (INR)**: 5,17,620

Startup Considerations

2. The company is basically a startup; there is no PF component. Please provide suggestions on how to proceed.

Tax Savings Without PF

3. The company doesn't have a PF component, so I need suggestions for tax savings.

CTC Breakup Pattern for Maximum Take-Home Pay

4. Please suggest a change in the pattern of CTC breakup to make it tax-friendly and ensure maximum take-home pay. Currently, I am receiving a total of Rs. 40,000 in hand.

TDS Deductions Strategy

5. The company is planning to start TDS deductions. Should I recommend that the deductions be made in one shot in the month of March, or should I suggest spreading them over the next three months (Jan, Feb, Mar)?

Regards

Salary Breakup and Tax-Saving Components

Enclosed herewith is the salary breakup with all tax-saving components. The CTC is ₹43,000 per month.

Thank you.

Regards,
Ashish

Thank you so much for the quick reply. I have a few more clarifications. As of now, my in-hand salary is Rs. 40,000. The company doesn't want to change the in-hand salary part. So, keeping the same into consideration, please provide suggestions. PFA of the CTC breakup details. Also, find the tax declaration form. Please suggest the tax-saving options.

Thank you.

Regards

Salary Breakup and Tax-Saving Components

Enclosed herewith is the salary breakup with all tax-saving components. The CTC is INR 43,000 per month. I apologize for the inconvenience, but could you please provide more detailed comments? Specifically, could you explain why a particular amount is allocated under each header?

For example, I understand the reasoning behind the Rs 200 per month for the education allowance. However, based on my understanding, medical allowance is non-taxable up to Rs 1250 per month. So, I am assuming that as per your structure, medical allowance or reimbursements for relatives can be included up to a certain limit. Could you elaborate on this further?

Thank you for your assistance.

Regards,
Arjun