Break up of Salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 May 2010
Dear All,
My CTC is Rs.12 Lacs and the company doesn't have a good break up of salary. So they ask me to advise them the break up of CTC. Please advise me the break up so that I'shall be able to pay minimum tax and the TDS is minimum.I stay in Pune.
Thanking you all.
My CTC is Rs.12 Lacs and the company doesn't have a good break up of salary. So they ask me to advise them the break up of CTC. Please advise me the break up so that I'shall be able to pay minimum tax and the TDS is minimum.I stay in Pune.
Thanking you all.
08 May 2010
You can take
1.Basic
2.HRA
3.Transport allowance
4.Children education allowance
5.Hostal expenses allowance
7.Uniform allowance(if uniform provided)
8.Conveyance allowace (for offical purpose)
Perks
1.Car facility
2.LTA
3.Medical reimbursement
4.Food facilites
1.Basic
2.HRA
3.Transport allowance
4.Children education allowance
5.Hostal expenses allowance
7.Uniform allowance(if uniform provided)
8.Conveyance allowace (for offical purpose)
Perks
1.Car facility
2.LTA
3.Medical reimbursement
4.Food facilites
08 May 2010
See if you live in rental house then take HRA.
transport allowance is allowed till 800/- p.m.
children education allowance
medical reimbursement till 15000/- is exempt on providing bills.
telephone, petrol reimbursement is also non taxable on providing bills.
transport allowance is allowed till 800/- p.m.
children education allowance
medical reimbursement till 15000/- is exempt on providing bills.
telephone, petrol reimbursement is also non taxable on providing bills.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
