Hello, Need salary structure for 6 lakh per annum package as per indian standard do include medical, and other thing but try to keep take home salary more and tax saving
From India, Mumbai
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From India, Mumbai
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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.
From India, Lucknow
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1The 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.
From India, Lucknow
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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.
From India, Ahmadabad
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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.
From India, Ahmadabad
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