How to Maximize Take-Home Pay and Benefits on a 6 Lakh Salary Package in India?

Hello,

I need a salary structure for a 6 lakh per annum package as per Indian standards. Please include medical benefits and any other relevant perks, but prioritize maximizing the take-home salary and tax-saving opportunities.

Dear Dishang,

The salary structure as per Indian standards can be as follows:

- Gross salary = 50000
- Basic salary = 25000 (50% of gross)
- HRA = 12500 (50% of basic)
- Conveyance = 1600 (as per limit)
- Medical = 2083 (as per limit)
- CCA = 3000
- Special allowance = 2000
- Mobile allowance = 2000
- Other allowance = 1817

Please review the corrected information above.

Salary Structure for Maximum Tax Benefits

Slight change in what Shristi has told is:
- Gross = 50,000
- Basic = 25,000 (50% of gross)
- HRA = 12,500 (50% of basic)
- Conveyance = 1,600 (as per limit)
- Medical = 2,083 (as per limit)
- Professional pursuit = 2,000
- Attire reimbursement = 2,000
- Special Allowances = 4,817 i.e., remaining amount

This will give the maximum benefit in Income Tax as well. Professional pursuit can be reimbursed upon submission of bills related to expenses for gaining relevant professional knowledge, and Attire can be on formal attire for men and casual (but not jeans or t-shirt) in the case of females.

Moreover, Bonus and Gratuity can be included in the CTC package as per your company rules.
Gratuity = basic * 4.8%

Hope your query is solved. Seniors, please correct me if wrong.

Employer's contribution to PF Rs 3000/- (12% of 25000/-) was not considered in the above calculation.

Regards, Shirish Kulkarni

Hi,

Please see the below salary structure:

Basic - $27,600
Conveyance - $800
HRA - $10,270
Other allowances - $4,000
Medical - $1,250
Telephone - $1,380
LTA - $2,500
Food coupons - $2,200

Thank you.