Structuring of Salary for Efficient Tax /Converting to FBT

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Sanjay Jain (Querist)
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09 February 2009 Hi Experts,

Can any one help in structuring a salary package of INR 21L per annum for availing max tax benifits, even by converting most of the payments into FBT category, wherein the company is prepared to bear FBT, which is of-course much less than an individual paying IT @ 33% for this bracket.
Any calculation in MS excel / tips welcome

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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09 February 2009 Whether the payer is private or public limited company.

What is the age of the receiver.
His number of dependants.
Whether he is having already own house.

His present life policies.

If you provide all these details then we can easily chalk out a good package with less tax outflow.

Sanjay Jain

Sanjay Jain (Querist)
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09 February 2009 Dear Mr. Srinivasulu,

Here are the answers:
1) Payer works for a liaison office of a foreign company in India
2) Age - 40 Yrs
3) Dependents - 3+2(parents)
4) Yes a house with interest component 0.85L.
5) Life policies - 24L Term (Prem-0.15L)/ 2L Triple Endowement (Prem -0.05L)

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