Senior Associate

PF will be split into pension and provident fund. Also the passbook will have a split for different organisations wherever you worked.

Product Manager

Database Administrator

Software Engineer

Hi Everyone,I am little confused about how this Pf work.As per ss1 total Pf should be somewhere around 15k+ but it is showing 11k only can someone explain hoe this works. TIA.

Welcome to IT Company Discussion's Private Community

Hi Everyone,I am little confused about how this Pf work.As per ss1 total Pf should be somewhere around 15k+ but it is showing 11k only can someone explain hoe this works.
TIA.

About Pf

Software Developer

About Pf- Grapevine

Welcome to Personal Finance's Private Community

how much would the net monthly take home be? how can i arrive at the final number myself? pls consider the old tax regime and standard 80c deductions; i also have a student loan worth 17-18 L @10% (i think i can get some deduction on tax on it)

net monthly takehome

Quantitative Research

Hi guys,
Where can we check pf contribution by tcs?
In epfo there is no entry by tcs.

Pf contribution

Senior Software Engineer

In my payslip I see both pf employee and employer. Ideally 1800 should be deducted from my salary so why is 1800*2 is being deducted. Looks like I am paying for the employers share of contributions too. Why so ?

Noticed in payslip- PF Employer is being deducted from my pay. Why?

Customer Success

Welcome to Software Engineers's Private Community

Is 1800 deduction better or Maximum deduction 12% is better? Please elaborate your opinions.

MinPF vs MaxPF

CTC - 5 LPA (fixed) was written in JD
Basic pay - 20k/month

Flexible pay* - 18k/month 
10% of Flexible pay is HRA

PF - 2.5k/month

I am not able to understand my take home or in-hand salary. Will i get 38k or 20k? would be great if you can give more info

Help me understand Salary Structure

Web Developer

Welcome to Indian Startups's Private Community

What's the %PF contribution you make from your salary ? Is anyone aware of this percentage can be reduced?

What's your pf contribution

Associate Product Manager

I have very few knowledge on Tax. So sharing my queries here. Kindly guide me

In my Apr month salary slip I got to know about this.

Annual Income - 7,67,xxx
Net Tax Income - 7,17,xxx (After deduction 50k)
Tot. Tax payable -  17,xxx
Tax deducted this month - 1,xxx
(Tagged to NEW Tax Regime)

Will this Total Tax payable is for this entire financial year or it will be increases frequently after each month salary?

If I increase my PF contribution of about 20k for this year will this works for saving tax?

Or any otherway is there means pls guide me

Thanks in advance 👍

Info on Tax Saving

Hi everyone,

The year end is here. It was a great year for my FIRE journey and I thought I'll share an update with you all.

With few days left in 2023, I've crossed 2.65 CR in net worth after touching 2 CR in May this year.

Here's the breakup:

Direct shares: 1.7 CR (this was the major driver of growth),
ELSS: 0.06 CR,
Company shares: 0.06 CR,
Real Estate: 0.4 CR (while it is between 42-45 now, keeping this unchanged from May),
EPF: 0.34 CR (interest for last year kicked in),
NPS: 0.06 CR (investing because I'm in 30% bracket, getting 14.8% xirr here),
SGB: 0.03 CR

The driver for growth has been a high saving rate.

In 2023, i've added 29.5 lakhs in equity, about 2.5 lakhs every month. 6 lakhs in company shares (US listed). The EPF and NPS savings are on top of this. My target was to save 36 lakhs in equity overall, and it's done! Targeting the same for next year. I'm aiming to cross 2 CR in equity before July 24.

Another change I did this year is that I've moved away from active advisory. I get the stock ideas from Twitter discussions, analyse them fundamentally and take bets based on the charts. I'm quite confident of my charting skills with max drawdown of 25-30% but upside of multiple x. I could capture 2-3 2x this year with sizable investment in them. I got this confidence after i could take my wife's account from 11 lakhs to 20 lakhs in about 2 years.

While the next year can be a huge bull run if BJP wins, I'm still trying to diversify. I'm planning to add a real estate of about 75 lakhs by paying 10%. This will help me leverage as well. The rental yield is the property is approx 5% and calculations show that I'll have to only pay 40-45% of the EMI and rest will be covered through rent. This should bring my equity exposure down from the current 65% to less than 50%. In this I'm trying to diversify and leverage while not denting my current equity corpus.

Suggestions welcome to make this FIRE journey better!

Thanks!

Crossed 2 CR and 2.5 CR in the same year

Project Manager

An extra drop of tax benefit from already squeezed salaried lemons.

Age - 33
YOE - ~ 10 years in Marketing

Zero exposure to US stocks. 
Zero exposure to Crypto.
Have a house (~45 lacs) for parents in a Tier 2 city which I haven’t added here. 
No liabilities (finished an education loan and a home loan)

Recently started investing in NPS and will continue to do (~1.5 lpa) and accumulating SGB (~2.5 lacs, the screenshot doesn’t capture gold correctly) from the past 6 months.

Question - is there merit in talking money out of EPF and reinvesting in Mutual Funds? What is the general view. 

Open to any other suggestions. TIA!

Seeking Advice - Portfolio Check

I’ll go first. 

1. What kind of investor are you? 
I am an opportunity investor, and I do buy good stocks whenever they are in reasonable valuations. Below are my monthly numbers. 

2. Where’s the majority of your investment portfolio ?
I have three RE investments and one of them has loan. And I’m planning to buy a property in Goa or HP. 

3. What’s your monthly investment breakdown?

1.7L/ Month (approx) 

60k - SIP (mutual funds)
60k - stocks (smallcase, us stocks using vested) 
30k - as opportunity fund, this is transferred to a different bank account 
10-20k - for experimental investments in crypto, nfts, and some trading. This is a new segment and I don’t have much experience in this and that’s why starting small here. 

4. Anything else you want to share? 

I am learning to invest on a daily basis. Reading, videos and podcasts are my sources. Some of my tops picks are Whiteboard finance (Marko), My first Million and Smart Passive Income, finance with Saran, and Akshat Shrivastava.

Where and how much are you saving/ investing per month?

Consulting Director

Can't i utilize a portion of my Pf amount without being in notice period in wipro,how to use this amount ?.. has anyone drawn pf amount for your personal use?

Pf for personal use

Highly paid GV folks, is this true? After taxation, is all the hustle worth it? Share your thoughts..

Dark side of CTC!!

Civil Engineer

Hey guys, I left my previous company on Mar22. I accumulated sizeable pf amount. Then I made a switch to new company. In may22, i get a message from PF that they are auto transferring my previous pf balance to new pf account. However, i now realised that my amount had been deducted from prev account but never credited to new account. Can anyone please help?

Need help on PF

Growth Manager

Requesting assistance on choosing Rs. 1800 as PF amount or 12% of basic pay as PF.
I know 12% of basic pay will also increase employer's share and it is good but any other thoughts and benefits with Rs. 1800 option?

P.S. i am in 30% tax bracket

Should i keep Rs. 1800 as fixed PF amount or go back to 12% of Basic Pay as PF?

Solution Architect

Welcome to Office Gossip's Private Community

I had been toiling in my current organization for a good while despite the compensation not being totally fair. Whenever I brought this discussion up with the CEO, he always played the friend card and promised to give me what I deserve once the company raises the next round. He also claimed to have supposedly saved me from the layoffs which was completely in his control in the first place. Now I got a better offer, kind of like a dream offer- one that I well deserve, and have convinced a challenging panel to get. One small concern is that during the initial stages of the application, I lied about how much I was getting paid currently. Now that I actually made it and got the offer, I have to submit the documents. How far are these things taken seriously?

About Pf

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