I have been offered a CTC of 11 lacs by my employer. Can anybody please suggest what should be the break-up so that I can maximise my inhand and minimise tax liability. Thanx
From India, Lucknow
Acknowledge(0)
Amend(0)
From India, Lucknow
Acknowledge(0)Amend(0)
Dear Mr. Kamran Husain,
As you are aware, IT is based on the savings that you make on different heads, including a housing loan. Broadly, it can be stated that Conveyance is exempt up to a maximum of Rs. 800 per month. Medical reimbursements are up to a maximum of Rs. 15,000 per annum, and LTA can be claimed twice in a block of 4 calendar years. To my knowledge, there is no cap on the amount of LTA. The rest of the exemptions are available in the form of HRA or Housing loan, etc.
M.V. KANNAN
From India, Madras
Acknowledge(0)Amend(0)
270As you are aware, IT is based on the savings that you make on different heads, including a housing loan. Broadly, it can be stated that Conveyance is exempt up to a maximum of Rs. 800 per month. Medical reimbursements are up to a maximum of Rs. 15,000 per annum, and LTA can be claimed twice in a block of 4 calendar years. To my knowledge, there is no cap on the amount of LTA. The rest of the exemptions are available in the form of HRA or Housing loan, etc.
M.V. KANNAN
From India, Madras
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.
CTC-Salary Break Up.pdf
Salary less tax - CTC.xls