Dear Sir,
Kindly suggest the best salary structure to minimize tax liability. My gross salary is Rs 24 lakhs, and I work in Delhi NCR. Currently, the components covered under the gross salary are Basic/HRA/Conveyance. I would like to know what other components can be added to reduce tax liability.
Thank you.
From India, Gurgaon
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Kindly suggest the best salary structure to minimize tax liability. My gross salary is Rs 24 lakhs, and I work in Delhi NCR. Currently, the components covered under the gross salary are Basic/HRA/Conveyance. I would like to know what other components can be added to reduce tax liability.
Thank you.
From India, Gurgaon
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Gross Salary - 2 Lacs per month
Basic - 50000
HRA - 25000
Conveyance - 1600
Medical - 1500
Special Allowance - 121900
Basic should be lower because we have to calculate EL's refund based on the Basic salary. Tax liability can be reduced if you allocate some of the amount as conveyance.
From India, Delhi
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41Basic - 50000
HRA - 25000
Conveyance - 1600
Medical - 1500
Special Allowance - 121900
Basic should be lower because we have to calculate EL's refund based on the Basic salary. Tax liability can be reduced if you allocate some of the amount as conveyance.
From India, Delhi
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Creating a Competitive Salary Structure.doc
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