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
From India, Faridabad
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1From India, Faridabad
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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.
From India, Mumbai
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Regards,
A.B.
From India, Mumbai
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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.
From India, Mumbai
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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.
From India, Mumbai
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Salary less tax - CTC.xls