Salary Structure
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2010
Hi Could you suggest a Salary Structure for an employee whole salary is Rs,110000 per month. There is no PF deduction in his organisation. He pays monthly rental of 20000. Has a LIC policy of approx.19000. PPF annual deposit of 20000, pays school fees of 2 kids approx @ Rs.8000 per month. Has an aged mother(65+),generally incurs a monthly medical expenditure of Rs.3000-4000
Pl advice what should be his structure so that he can take maximum benefit of the exemptions.
Tks.
Pl advice what should be his structure so that he can take maximum benefit of the exemptions.
Tks.
28 May 2010
Basic and DA - 30000
HRA - 20000
Conveayce - 1000
Medical - 1500
Childer edu - 2500
Attire - 10000
Special - 45000
If work out the tax liability by giving chapter VI a benefits the tax burden will be minimal
HRA - 20000
Conveayce - 1000
Medical - 1500
Childer edu - 2500
Attire - 10000
Special - 45000
If work out the tax liability by giving chapter VI a benefits the tax burden will be minimal
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2010
Thanks Mr.Srinivasulu. Could you also tell me what shall be the tax liability?
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