how o reduce tax for the CTC of 30lac plus employees ?
Ans: For salaried employee, tax benefits are available if salary structure is designed by employer in such a way that maximum tax benefit can be availed as per income tax provisions. If salary structure is planned after considering normal spending on car, driver, attire (Uniform Allowance), Allowance for encouraging Academic Research and Professional pursuits, Newspaper and Periodicals, Conveyance allowance granted to meet the expenditure incurred on conveyance in the performance of duties of an office; it can reduce tax liability.