Tax planning- salary

Sidharth Shankar (Chartered Accountant) (118 Points)

01 October 2015  

Kindly consider the salary details below and re-arrange the current salary for maximum tax benefit....

Salary April-June 2015
Basic   15600 P/M
HRA   6240 P/M
CONV. ALLOWANCE  800 P/M
OTHER ALLOWANCE  3360 P/M
 
CURRENT SALARY (July to March 2016)
 
Basic   24000 P/M
HRA   9600 P/M
CONV. ALLOWANCE  800 P/M
MEDICAL ALLOWANCE 1500 P/M
OTHER ALLOWANCE  4100 P/M