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CTC Optimizer
Written by Gagandeep Arora - Printed on - Date - 3rd Nov 2022
CTC in simple words means the total salary package of the employee. It includes all the expenses spent by the company on the employee. The total remuneration, basic pay and perks given by the company in a year are a part of CTC.After years of experience at TaxManager.in we have observed that a salaried employee takes back home less amount than their tax efficient associates even if they fall in the same income and age group. Reason behind this difference is the tax paid on the salary respectively. Although, you would be making tax saving investments but those are not done under the expert guidance of a tax expert. A CTC Optimizer can guide you to make your income tax efficient.
Benefits of A CTC Optimizer At TaxManger.in For The FY2021-22
The term CTC Optimizer reminds me of the famous saying “money saved is money earned”. With the expert guidance of a tax professional at TaxManager.in, you can optimise your tax outgo and savings withdrawal.Let us study a few factors that will help you understand the importance of CTC Optimizer-
- Clarity In Planning Tax- Saving Investments-With an expert behind your tax planning decisions, you can make informed decisions towards your financial goals.This tool will not only guide in tax planning but also help you choose a tax-effective tax regime.
- Simple Method-It is a very simple procedure, and can be conducted online.A few specific information required for assessment of the taxable income like income, investments,insurance premium are asked from the taxpayers. By tax planning the chances of increasing the refund also increases. A complete optimised plan for your income is provided which can be implemented.
- Recommendations to restructure CTC-For further savings and if required the tool will provide better structure of your salary for tax savings. There are chances that you have many tax saving plans but those tax saving plans are not selected by a tax expert for you, the income coming from these plans can be leading to further increase in taxable income.
- Maximise Your Take Home Salary-By different permutations and combinations within the salary and different heads it helps you maximise your take home pay and minimise tax outgo. Our online CTC Optimizer will help you in selecting the best possible salary structure that can be asked from your employer.
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Various Outcomes Of Our Online CTC Optimizer-
There are various other outcomes you can achieve from our CTC Optimiser which will help you negotiate your salary structure with your employer.
- Monthly Salary Structure Sheet
- Present CTC Tax Structure
- Proposed CTC Tax Structure
- Monthly and Annual TDS Chart
- My Annual Income Statement
- Analysis of Present and Proposed Tax CTC Structure
- Investment Tracker
- Reminder and Schedulers of Tax and Investment Commitments
- Total monthly in hand income and tax payments
As a taxpayer you should analyse whether these results are worthwhile for you.There are chances that your employer has a set salary structure but still you can best use provisions of income tax and save a huge percentage of tax.
