For the middle class? Really? Would be awesome

Product Marketing Manager

That just means it’ll come from somewhere else 🥲

Software Engineer

Project Coordinator

Means fuckall for salaried class as usual, but it will get lapped up as masterstroke

Chartered Accountant

Yes as the inflation is on its way, this step is somehow relief for the corporate people.

Cheaper is hard earned money.
And it's Good for 7 lakh bracket.

Analyst

Budget 2023 What's cheaper and what's costlier?

Welcome to Office Gossip's Private Community

Budget 2023

Budget 2023- Grapevine

Welcome to News Discussion's Private Community

- The government has introduced three new employment-linked incentive schemes to address the job creation gap, aiming to create 50 lakh more jobs and upskill 20 lakh youth through upgraded Industrial Training Institutes over the next five years.
- Female employment has been a focus, with plans to set up working women's hostels and creches to help balance work and home duties, aiming to improve women's participation in the workforce.
- Corporate tax rates on foreign companies have been reduced from 40% to 35%, and the controversial angel tax on foreign investments in startups has been rolled back to support the startup ecosystem.
- The diamond cutting and polishing industry will benefit from the introduction of safe harbour rates, providing tax predictability and fostering a stable business environment.
- For personal income taxes, the new tax regime offers increased standard deductions and adjusted tax rates, but comes with higher capital gains taxes and changes to deductions on employer contributions to the National Pension Scheme. 

 Source: Finshots

Full Budget FY25: Key Highlights and Implications

Journalist

Drop your thoughts about ongoing announcement from Budget. 

Drop an announcement and underneath people will add their thoughts

Budget Thread

Co-Founder

Welcome to Personal Finance's Private Community

Hey peeps, need comparison of these cities on the basis of the cost of living and ease of living.

Because for Maintaining lifestyle I think we should consider every aspect of expenditure.
And since the time I left Delhi ncr, i haven't had a chance to be in any city which has a closer or better public transport system.

P.S. on quora there are advocates for all 3 cities.

I need a fair opinion on this.

Pune vs Mumbai vs Bengaluru

Cybersecurity

Fresh out of college, with no money experience. How to split the money into investments(safe and risky), utilities and other expenses. What percentage savings is good enough. How much of it can I really spend without feeling guilty and what quality of life can I afford with this salary?

How to manage salary of 1.4lc per month as a fresher.

It's funny how people expected lower taxes in the budget, but now they'll pay more on STCG and LTCG. No wonder over 5,000 millionaires, salaried individuals, and top talent are leaving the country every year.

Budget 2024...

Consultant

Btw this year it's interim budget as current government will go for mandate in 2024 May.

So, what to do you think on tax rebates, nps and populist schemes again.

Do you look forward to Union Budget?

Senior Consultant

Is there anything for the co operate majdoor in this budget? Let's comment out if there is anything.

Budget for Co operate majdoors

Coming Tomorrow.. 

What is your expectation?

Budget 2024! 🏦

Welcome to Fintech India's Private Community

Age 30, married, expecting to be alive till 80
50 L in cash
Own house & car (no plan to sell any of them)
No kids, no loans, no expectations, just basic life
Nothing from family

Excel calculation is hinting yes :)
But need practical advice

Can someone retire with just 50 Lakh in hand at 30.

You can't have the same car for 50 more years. 
  
 Your house will need pieces of renovation in the next 50 years. 
  
 Your body parts will start crumbling in the next 50 years.  
  
 Inflation will continue to eat your money in the next 50 years. 
  
  
 So no way you can survive with 1L per year for the two of you.

Growth Manager

No tax relief for salaried class. What are your thoughts on the overall budget? What reforms were you awaiting or what do you think are absolutely necessary to uplift the middle/ below middle class of the country?

Interim Budget 2024

I am not from India, moved to London 4.5y ago and I'm considering a move to India.

But I struggle to understand the relationship between salaries <> lifestyle <> money saved each month.

Would be cool to learn everyone's salary, but also your lifestyle and how much you save per month. Can you help with the following template?

Role: 
City: 
Salary: 
Rent: 
Food: 
Transport: 
Savings per month: 

Any other costs I should factor in that you feel are necessary to consider?

Thanks for the help!

In London, might move to India (need help on salary/savings)

UX/UI Designer

Being an IT professional what are your expectations from this budget ?

What are the expectations from budget 2024 ??

Welcome to Indian Startups's Private Community

Hi , this post is intended to be a disclaimer to anyone who is planning to join Yubi. A lot of things are happening here that show some signs of an impending layoff

1) Several senior folks in tech and product have quit. Also there is no replacement hiring planned for them. Several projects are also getting shelved as a result.

2) there were several open roles a few weeks back and almost all of them are on hold as of now across all depts( tech , business , ops)

3) rampant cost cutting. The lunch options have been reduced to just 1 dal , 1 veg , rice and chapati.  Snacks have been removed too.


Because of several folks quitting in less than 6 months and no replacement hiring , load has increased tremendously on existing members who are themselves trying to leave. 

People have serious doubts on whether any hike or bonus will be given or not this year.

Rampant negativity at Yubi

Got a job offer which is asking me to relocate to bangalore. I’m currently based out of Gurgaon and not familiar with the rent/amenties scene there. 

What is a good salary range to live a good life there? By good I mean 
- Living in a decent (subjective ik) society with some basic amenities like gym, park, pool (would love that) etc. 
- Dining/Partying at least once a month. 
- Going out to some place atleast once a week
- Having a maid for cooking + cleaning


Other expenses would remain same across cities (digital products/shopping etc)

All pointers appreciated.

Whats a good salary to live comfortably in Bangalore?

Product Manager

I want to know the actual cost of running a car over a 10 year period. I know there are a lot of videos and finfluencers online that say that electric cars are cheaper. But given they need battery replacement after a period. Which is the most economical option?

The actual cost of running a car. Electric vs Petrol vs Hybrid

Welcome to Moving Abroad's Private Community

Been thinking about going for an international trip lately. Asked a bunch of friends, but it looks like it's just gonna be me. Anyone here who has travelled solo? Thoughts on those "Make My Trip" packages? Or any other cool recommendations?

Traveling alone

Security Engineer

Working in EY and getting 45L as senior manager. Have a Dubai EY offer with 35k AED per month with manager designation. Need guidance on what to do ? 

In India, I have a stable job, got promoted, and have family support.

Dubai - Tax free salary, Demotion, travel to Saudi frequently as projects are Saudi based.  Closer to India etc

Need advice. Will move with wife and daughter.

First post! #Urgent #Need advice.

What is the biggest expense, how much do you save and how much do you invest

How much do you save per month?

This should include everything from home bills, entertainment, medical expenses, trips etc. When I was single (back in 2016), my expenses were around 20k per month.

Now I easily go above 1L every month (without rent, we live in our own house). My wife also works and she has her expenses too.

Not sure what’s the reason for it though. We live frugally and don’t spend lavishly (atleast I don’t think we do). I barely buy anything for myself (I use 1k earphones and buy clothes from decathalon). My wife is the same.

Is this common when you get married? That your expenses permanently increase? Or is there something I should be worried about? TIA

Married folks, what’s your average monthly expenses?

20 K + 20 K in 2016 -> approx 35 K + 35 K = 70 K (assuming 7% inflation over 8 years). 
  
 Extra 30 K can be attributed to your lifestyle increase, going out more often , more food ordering , better furniture, gym, medicines, insurance premiums , vehicle purchase, and maintenance if not included etc.

Corporate Strategist

Head Of Marketing

I've completed 1 year in my first job. I've tried saving and investing some money, help me decide what I can do better:

Income: 22LPA

PPF: 3 Lakh
EPF: 2 Lakh
MF: 5 Lakh
Saving Account: 4.5 Lakh

Income for new FY post increment: 29LPA

I did these savings based on some advice from my elder brother.

I'd like to spend more this year though, with some travel and going out more, maybe even purchase a scooty/bike and a PS5 😁 - would these expenses be justified?

Apart from improving my savings & investments and 
still being able to afford a few luxuries, I want to know if I should get any of these:

- Health Insurance - Only 5 Lakh cover from company for me and my parents (note - parents are getting old)
- Life Insurance - Do we really need it, I'm still 24?

Budget 2023

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In London, might move to India (need help on salary/savings)

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