salary structure

[Kuldeep Kapoor]

Monthly salary is 46000 , I request the expert to show how it can be structured to have minimum tax liability

AI Summary

Maximize Tax Savings: Tips on Structuring a 46,000 Salary with Allowances, Deductions, and Investments Under Relevant Sections. An individual inquired about structuring a monthly salary of 46,000 to minimize tax liability. Respondents suggested investing in tax-saving avenues and utilizing non-taxable benefits like lunch coupons and petrol allowances, depending on company policies. Another advised calculating annual income, considering increments and allowances, and saving 1,50,000 annually to reduce taxable income. It was also noted that with deductions for House Rent Allowance, conveyance, medical reimbursement, and rebates for income under 5 lakhs, the individual might not owe income tax.