Hi...
Can somebody please help me for a salary break-up for a CTC package of Rs. 12 lakhs per annum
( 1,00,000 per month with 90000 per month fixed and 10000 per month related to performance payable quarterly in installments of 30000 each).

This is for a General Manager position in a small enterprise, not yet having 20 employees, therefore EPF and Gratuity are not applicable.

Also, how can the income tax liability be minimized considering an investment of Rs. 1,10,000 in ELSS, PPF and LIC.

Would really appreciate the inputs...

Regards,
Anjali

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