SparklyUnicorn
SparklyUnicorn

Being in top 5% or 10%, I feel blessed.

Recently I came across a report in ToI that said earning 80 K per month puts you at top 4% in India. Assuming that the stats is true, do you feel contended with what you earn?

13mo ago
SnoozyJellybean
SnoozyJellybean

So, you belong to a group of 6 crore people. Congrats.

GigglyCoconut
GigglyCoconut

the population metric omggggg lol

GigglyLlama
GigglyLlama

Way to make someone feel shitty 😑. Outside of metro cities 70k is very good money.

PrancingJellybean
PrancingJellybean

I believe this report is based on ITRs. Actual % could be much higher

SqueakyQuokka
SqueakyQuokka

Way higher

SqueakyQuokka
SqueakyQuokka

An established plumber in a tier 2 city makes more than that

DancingHamster
DancingHamster

Just imagine, even after being in top 4% of the country … we have to think thrice before buying a house or a car!

Its because the wealth is very unequally divided in this country. So a very small % of individuals have very large piece of that 4% pie. (and also thousands of rich don’t file ITR)

That’s why even after being in top 4%, it doesn’t make any significant difference.

SparklyWalrus
SparklyWalrus
Spinny13mo

Buy a second hand car ✌️

SparklyWalrus
SparklyWalrus
Spinny13mo

Buy a house in tier 3

FluffyNugget
FluffyNugget
Plivo13mo

Sadly with greater income, some lifestyle upgrades take place which sometimes put us into lower percentile 😕

SparklyUnicorn
SparklyUnicorn

Correction. It's actually 67 K per month or 8 lacs per annum earning puts you at top 4%.

ZestyQuokka
ZestyQuokka

Bhai population dekho India ki, 4% is still a huge number

BouncyJellybean
BouncyJellybean

Bro the local Momo-guy in Bengaluru makes ₹1L/m in profits tax free and then there are so many such momo/golgappa/paratha/idli places. 😆

FluffyCupcake
FluffyCupcake
Amazon13mo

Go around your place and ask shopkeepers about their ITRs, you will know why you are in top x%

GroovyBoba
GroovyBoba

I don't get it?

FluffyCupcake
FluffyCupcake
Amazon13mo

That top 4% might not be real as many shopkeepers (one set) hide their incomes.

SparklyWalrus
SparklyWalrus
Spinny13mo

Which report? Share link

GigglyLlama
GigglyLlama

I'd say ignore the negative comments. People can't be happy themselves, won't let others be happy either.

Discover more
Curated from across
Product Managers
by MagicalHamsterProduct Manager

How much do you really earn? Honest Answers Please 🙏

I want to understand if you are also satisfied with your compensation?

Top comments
user

2.4 lakhs/month. Not a developer. Not in Tier 1 city. Not in FAANG or whatever it’s called now. No lo...

user

What in the hell, I feel like this app is only used by Senior/Upper management guys only. Where are the 5 to 10 ...

user

4+ lpm in hand after taxes and retirals. Get additional bonuses at year end. 12+ yoe across consulting, supply chain,...

News Discussion
by DizzyJellybeanPayPal

Flipkart ESOP payout worth $700M

Any news on who is getting it, what's like an average payout for eligible employees? As per the news article, approx 19000 employees are getting it. Anyone has insider info?

Top comments
user

Got around 3CR

user

Which company should I join for this kind of payout in future?

user

Got around 7L from phone pe payout. Suddenly feels like 3-4 months salary hit my bank account suddenly.