Taxmanager.in helps you minimize your tax outgo and maximize
your in hand income. You can do the same by optimizing your
Cost to the Company i.e your total annual salary and
reimbursement package.
Worried
about
Then you
should try our online CTC Optimizer
Most employers, these days, compute salary packages on cost to the company basis, rather than on net to the employee basis. In order to tailor salary packages to meet the tax needs of each employee, they are often willing to offer different types of perquisites within the overall cost. This will increase your basic part of your salary and falls in the maximum tax slab rate.
Which is why, while negotiating your salary package with your employer, you should try to maximize your take-home pay and minimize your tax outgo. But such a balancing exercise has to take into account the interests of the employer too.
However, you still have to gauge whether the benefits being offered hold value for you. For instance, if you live in your own house, you might not want rent-free accommodation or house rent allowance. Ultimately, the specifics of each case would determine how a package is structured.
There could be a possibility that your employer must have a
set structure, still there are quite likely chances that still you can best use of provisions of income tax and save huge percentage of tax.
Use our online CTC Optimizer calculated on the monthly and
annual mode, helps you try different permutations and
combinations within the salary and reimbursement heads,
assessing you in gauging your Tax Deducted at Source on the
monthly, Present CTC Tax Structure and Proposed CTC Tax
Structure. Our online report will suggest you with the best
possible salary structure you can ask from your employer |