How Can We Structure CTC to Maximize Tax Savings for Our Bangalore Employees?

We are a manufacturing company in Bangalore. Kindly advise us on the bifurcation method of CTC for our employees (Basic+HRA+Conveyance+medical+special allowance), etc. Also, please highlight the Income Tax-saving salary structure for our employees who are subject to income tax.

Hello,

The salary structure seems okay. Since those paying rent can avail HRA deduction as per income tax rules. Deduction for Conveyance is available up to Rs. 800/- per annum. Medical allowance deduction up to Rs. 15,000/- is available subject to the provision of medical bills by employees.

Thanks,
Bhagyashree

Hello,

How can we calculate the salary for an off-roll employee if the company is not providing PF? The company is deducting only 10% TDS.

Thanks & Regards,
Yogita