Salary Breakdown for Rs. 50000 CTC: How Can I Save More on Taxes?

Can anyone urgently suggest the best breakup for a salary of CTC 50000 in order to save tax?

My present breakup is:
- Basic: 28145
- HRA: 15480
- Children Education: 1200

Please suggest.

Your existing breakup does not total ₹50,000 per month by adding the three components that you have furnished (including 12% PF). Can you provide the remaining component details?

Regards,
A.B.

There are some details required to devise a tax-friendly CTC structure.

1. Where do you stay (which city)?
2. Do you stay in rented accommodation? If yes, how much rent do you pay monthly?
3. Do you have a housing loan? If yes, how much is the interest payout per month?

Once you furnish the answers, we can work out a structure that will tentatively help you save on paying more tax. It can result in nil tax if you are in a position to make the investment under Section 80C and the mediclaim for self and parents. There is an LTA component that can help you as well.

Cheers,
A.B.