I am currently working in Bahrain (GCC) and I have received an offer from India for Rs 1,00,000 per month CTC, along with a vehicle with a driver, mobile phone, and Rs. 3,00,000 per annum as a performance incentive upon achieving the target. The incentive would be on a quarterly basis but would not be carried forward; in other words, if the target is not achieved in a quarter, it lapses. Additionally, they have offered Rs 45,000 per month for my wife. We plan to reside in our own house near the company's location, and we have no outstanding housing loans. The company is engaged in engineering manufacturing.
As we are not updated on the latest IT regulations, it would be greatly helpful if you could suggest a salary breakdown for the aforementioned CTCs with the minimum possible tax implications. The company has not provided us with the breakdown, and it is to be mutually agreed upon.
From Bahrain, Manama
Acknowledge(0)
Amend(0)
2As we are not updated on the latest IT regulations, it would be greatly helpful if you could suggest a salary breakdown for the aforementioned CTCs with the minimum possible tax implications. The company has not provided us with the breakdown, and it is to be mutually agreed upon.
From Bahrain, Manama
Acknowledge(0)Amend(0)
Decide 40% as basic & 60% other allowances. HRA- 50% of basic in case of metros or 40% in non-metros Medical - 1250/- p.m Children Edu allowance - 100/- per child p.m Conveyance allowance - 800/ p.m Food coupons - 1350 p.m
---
Decide 40% as basic and 60% as other allowances. HRA is 50% of basic in metros and 40% in non-metros. Medical allowance is Rs. 1250 per month. Children's education allowance is Rs. 100 per child per month. Conveyance allowance is Rs. 800 per month. Food coupons amount to Rs. 1350 per month.
From India, Lucknow
Acknowledge(0)Amend(0)
---
Decide 40% as basic and 60% as other allowances. HRA is 50% of basic in metros and 40% in non-metros. Medical allowance is Rs. 1250 per month. Children's education allowance is Rs. 100 per child per month. Conveyance allowance is Rs. 800 per month. Food coupons amount to Rs. 1350 per month.
From India, Lucknow
Acknowledge(0)Amend(0)
Sir, I am a fresher and i calculated this for the first time. Please go through and tell me your comments / corrections. pls
From India, Hyderabad
Acknowledge(0)Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear Chaitanya, please don’t mention Bonus amount from employee salary/CTC. Regards Charvaka Reddy
From India, Hyderabad
Acknowledge(0)Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear Sir ( charvaka) can u please correct the mistakes and attach back to me so that i will learn how to do that.please sir
From India, Hyderabad
Acknowledge(0)Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
Hi, You can gom like : Basic 35-40% of CTC HRA - max 50% of Basic Spl Allo : 8-12% of CTC Hence Gross will be : approx 65-75 % Rest can be on reimbursement basic to reduce the tax liability
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Salary less tax - CTC.xls