Can anyone share a CTC breakdown of above 55 LPA and taxes applicable, Just wanted to know the best possible breakdown to reduce taxes. Recently received an offer but instead of giving breakdown they have shared an excel sheet to decide how much I want to allocate into each category like basic , hra etc (obviously there are some upper and lower cap for each category)

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Keep the basic high because, basic will have deductions for nps and pf components which will help reduce the tax yearly 7.5lac max would be tax free for both nps and pf, for more clarification check on chat gpt or Google or best higher CA and check these with him he will suggest you the best

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