January 6, 2011 8:57 pm
HOW TO WRITE/DIVIDE THE SALARY PACKAGE OF 18.0 LACS/ANNUM SO AS TO AFFORD THE LEAST OUTFLOW DUE TO TAXES (!)
Make sure you divide and claim the flexi basket allocated in your package.
Dont buy car from your money, get it on lease from your company
Claim LTC for your travel
School tuition fees (though it is too less)
Rebate on interest from your house loan…until DTC is enforced
All in all, lesser you take home every month directly on 1st of each month, lesser you pay tax.
Some article was there on rediff.com on how to best organise your salary. Search for that article.
Your salary is too high dude. Hire a consultant 🙂
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