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Salary break up?
by Brijesh RAmdas on Aug 15, 2007 12:45 PM   Permalink

Hi.
I've been given an option by my employers to opt for Flexible Benefit Package where it allows an employee to fix up his / her own allowances keeping his / her commitments, Income Tax deductions in mind.

Basic Compensation      
Basic       87,500.00
      
Flexible Benefit Package *      2,21,541.00


HRA      
Transportation Allowance      
Car Lease Arrangement (Indicate the name of the car)      
Lease / Hiring Charges      
Fuel / Maintenance Charges      
Aggregate of 202 B.1 & 202 B.2      
Children Education Allowance (Indicate the no. of children)      
Hostel Expenses (Indicate the no. of children)      
Telephone / Mobile Reimbursement      
Medical Reimbursement      
LTA      
Special / Additional Allowance      
Bonus      

    &nb sp; 
Variable Pay      
APDP        26,250.00
      
Retirals      
PF   &nbs p;   10,500.00
Superannuation      
Gratuity       4,209.00
Sub Total       3,50,000.00.

Can someone help me in designing a structure where my monthly take home would be the maximum?

By
BR

      
Other Benefits      
Personal Accident Insurance Premium      
Medical Insurance Premium      
White goods       
Cost to company (CTC)      3,50,000.00


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The above message is part of the Discussion Board:
All these incomes are tax-free