Hello

Tax planning on annual CTC of Rs.100,000.00

The Employer have to agree with following salary break-up and can help to minimise tax burden of the employee;


Basic Salary 48000

HRA 60% 28800

Vehicle maintainance 9000

Children Education Allowance 200

LTA (Take it once in two yrs block) 4000

Total 90000

Less : Exemption
Against rent receipt in metro city -24000

Children education(Rs.100/ per child) -200

Vehicle maintainance-produce bills -9000

Taxable salary per month 56800 12 681600

Less : Rebate
Ag premium pad for medical insurance upto -15000

Investment in various saving scheme -100000

You can plan for housing loan also 566600

So,

Now ur taxable salary will be 566600