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Additional Posts in InHand Salary and Tax Calculation
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Basics are -
80c - here you can show your investments to LIC , ElSS mf, PPF and your PF contribution is also included here.Max amount 1.5 L
HRA- you can get rebate here also , if you are showing rent more than 1L/yr you have to provide pan card of the owner. See HRA rebate calculation and plan accordingly.
Or Home Loan interest.
NPS - one from your side amount 50k and if your organisation is providing it you can add another 50k.
Sodexo Meal/gift cards - 1800-2200/month - Amount opted will be deducted from your taxable income and tax will be applicable on the rest amount.
Health Insurance for yourself/spouse and additional cover for Parents(can include your In-laws as well)
Some Rebate On EV vehicles(not sure about the amount)
Thank you so much for taking the time to write this base.
Rebate on EV loan interest valid only till current FY.
NPS - Employer's contribution does not have upper limit. Employer's contribution to NPS, PF & superannuation is restricted to 7.5