Salary structure

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can someone suggest a good salary structure so tat one can ripe the maximum benefit of his salary income.. assume his income is 12 lacs p.a (jus fr an example).... no other income.. also suggest where n hw much to invest as to claim deductions and get returns also...
Replies (7)

In this case i can only say to take the benifits of all deduction to its max. Such as 80c, 80D, 80G etc .

Also you can plan for house property with bank loans as 80EE included , also interest paid will be a deduction in house property under sec24 etc.

Regards 

Dedns is secondary... how will u structure ur salary is the main focus on.. as in how much basic, da, commission, pf, esi, allowances n perquisites...
I would appreciate if suggestion is wit working papers.. I mean wit numbers, can someone giv a brief explanation...

what ever salary structure you fix. the following deductions and exemptions are available

CONVEYANCE ALLOWANCE            9600

Uniform allowance                               24000

food coupons                                        26400

HRA (calculation depending upon rent paid)

medical reimburesement                       15000

telephone reimburesement                   30000   (approx)

  

Do we hav to show bills for the exp of conveyance, uniform, medical, telephone???

for conveyance allowance

no need to show bills because it is a standered exemption.

 

for uniform allowance, medical allowance, telephone reimbursement

 

you need to produce bills to employer company.

 

 

Take the benefit of HRA and loss from house property. U will make a killing in tax saving.....read article https://www.indiataxfin.com/home-loan-principal-and-interest-income-tax-saving/


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