dear sir,
one of our director getting salary of around 20 lalk pa. and he want to have a break up of salary in such a way that. he will pay less tax.
i already taken into account his saving of 100000 under sec 80 c , HRA,Conveyeance allowance of 800 pm, children allowance and hotel allowance of rs.800 pm,Lta,medical benfeits.
i want suggestion regarding how i can break up the allowance given to him. so that he will pay less tax as per income tax act.
Present salary break up is
basic
da
hRA,
Conveyance allowance,
children education and hostel allowance,
lta,medical.
with regards
dinesh
CAclubindia
