How to maximize take home salary

Annual salary distribution

A Basic 870,000 B Flexible salary 1,079,793 C Annual Profit Sharing Bonus 174,000 D Retiral benefits 51,207 (Employer Contribution to PF Rs.780 PM, Gratuity @ 4.81% ofBasic)

My friend have following offer, please suggest how to get distribute flexible component to get maximum tax benefit. Also employer contribution to PF is only 780p.m. is it legally valid.

asked Apr 09 '11 at 00:28 by Jitendrak 1455

Deducting 780 p.m. for EPF is legally valid. Its the minimum amount required for deduction.
Regarding flexible components, please see answer to similar question: Tax exemption component for salaried employee

answered Apr 11 '11 at 06:06 by Pankaj Batra 5.2k320


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Asked: Apr 09 '11 at 00:28

Seen: 1,918 times

Last updated: Apr 11 '11 at 06:06