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1.10-1.15L
Ask chatgpt. It will guide you best
How much % you got?
Chief
Depends on your PF and NPS percentage 🤷🏻♀️
Pro
From your basic dedcuet 24% as pf, to reduce icome tax liability invest 14% in NPS in equity and take food voucher of 8800 per month. Your income tax will reduce significantly
In my salary structure there is no metion of food expense or internet reimbursement.
Is that included in basic expense from now on?
Pro
You may have a lunch allowance in your salary breakdown.
From this FY under the new tax regime govt. is providing meal allowance upto Rs. 1,05,600 per year as tax free. We got a mail couple of months back to apply for the same. Otherwise this will be credited each month after deducting your tax as regular salary. This amount is mentioned in the salary slip.
Internet reimbursement of 12k each year is tax free which is above and beyond your salary.