
Personal Finance13mo
by SnoozyBurritoContent Strategist
Maximise your basic salary.
Remove all allowances.
PF will be 12%+12% of basic Get Employer NPS contribution of 10% basic.
You will save tax on 12%+10%=22% of your basic salary. PF er +NPS.
My annual income is 8L.
I'm investing in somewhere where I can't show this to IT department.
I don't have any loans or anything.
And as per new tax regime around 30k is going to deduct for this year for Tax.
Can anyone help me from ...
I am having 21LPA package and I want to save taxes on the new tax regime. Please suggest
CTC - 21.5 lpa Fixed - 16 lpa Joining Bonus - 4 Relocation - 1.5
Also tell me which regime to follow and how to save tax