You are saying you are a fresher , getting 20L, and already have loans , and want to purchase stuff in EMI. You will have a very stressful life ..

I will get it starting next year, the loans are will mostly be paid by parents but I just want to help by 50/60k per month or so.  
 Main reason for this post was to understand how much will I be taxed. Emi option I only brought out because I heard somewhere that if I have ongoing loan/emi I get some tax relied

Program Manager

I'm a fresher, got an offer letter and don't know much terms and also no idea about taxes.   Offer : Basic 10 lakh, HRA 4 lakh, Leave Travel allowance 1 lakh, conveyance allowance 60k, other allowa...

Welcome to Salary Discussion's Private Community

I'm a fresher, got an offer letter and don't know much terms and also no idea about taxes. 

Offer :
Basic 10 lakh, HRA 4 lakh, Leave Travel allowance 1 lakh, conveyance allowance 60k, other allowance 440k. 
So the total cash component is 1.66L per month or 20 L a year. 
PF is 1800 per month (21.6k year)
Gratuity 4k per month. (I don't think this is any useful)
These along with some joining bonuses over first 2 years.

It's written "PF,Professional tax, TDS forms part of the above CTC package." 

I do have some loans and plan to buy some things on EMI to further save taxes (idk if they count) please tell me in comments

Could someone help me in calculation of net take-home salary?

Could someone help me in calculation of net take-home salary?- 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

Welcome to IT Company Discussion's Private Community

What will be my inhand salary if my package is 34L fixed

Solution Architect

Hello friends, PFA the compensation sheet for 25 lpa CTC for TCS. Can some please help me to calculate approx take home salary? Please consider 1.5 lacs standard 80C deduction and 26000 as HRA per month. 
No other deductions apart from mentioned in the sheet.

TCS - Need help to figure out Take Home salary

Software Developer

I wasn't doing proper ITR, I was in the family biz for the last 6 years, recently joined a startup and they don't have any proper salary composition. My current salary is 35L in hand (2.9L per month). Apart from HRA how do I save in taxes? is there an app which does it for you?

Taxes 101? 40+ LPA

UX/UI Designer

Hi, how much would the 53 lakhs CTC in-hand income be? as well as your advice on establishing retirement finances and investing for children's(2 kids) schooling. Taking into account that at forty years old, I am the sole breadwinner for my family and have never saved any money.

Post tax in-hand salary & FIRE

Welcome to Software Engineers's Private Community

Those who are earning more than 50lpa base how much tax do you end up paying? 😶‍🌫️

Tax on 50lpa+

Software Engineer

Hey folks, I am bad at taxation and wanted some help with an offer I have. 
What would be by pre and post tax monthly ?salary. 

Breakup (monthly)-
Basic: 41k
HRA: 16k
Special Allowance: 40k
PF: 4.5k
Variable: 5k

So, assuming I get all that variable, my pre tax monthly pay would be approx 1L ?
How do I calculate post tax?
Also, any red flags in the breakup that I need to re -negotiate?

Help with Salary Break up.

I’m starting my first job this month, CTC-14L
I’m not sure but assuming I’ll get 80-90K in hand
Considering the job is in mumbai, the rent and other expenses would be high considering it to be 40-50K (pls tell how much it should be at max) 
Also how much taxes will I be paying and how to save it max
I really need your help, how do I start investing? Can I put all in Small cap MF, what would you advice? What should be the split between Stocks and MF, and in MF how much in which categories? 
Also it would be great if you can recommend the best 2-3 MF in your portfolio in each categories, and 5-10 stocks for Stock SIP for long term
Thank you so much 😭

First Salary Investing and Tax Saving| Really need your help

TCS - 27LPA, including 15% variable, what will be in hand salary, if anyone from TCS, please reply.

Team Lead

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

Dark side of CTC!!

Civil Engineer

I'm a fresher and I don't really understand how companies structure CTC components. 
What is Base Pay, Special Allowance, etc. ? 
What all components are actually credited in our accounts?

Salary Structure

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

Hello all, I have got a SDE-1 offer from one of the biggest fintech companies in India. What in-hand salary should I expect monthly?

The CTC breakup:-
1. Fixed - 14,40,000
2. Variable- 3,00,000
3. Retention- 60,000

How much in-hand salary should I expect?

Hello all, so I'm a student still, I'll would be joining a company soon and I want to learn about what all tax systems we have and how do I manage them, I want to do them myself in future, where do I learn and what all should I be aware of to save as much as I can?

To start with, I come under 30% bracket, basic salary is about 50% of my base, HRA being 20%, PF 6% and Flexible 24%. I don't have any loans on my name and I'll have to live on rent. I'm also curious on which sections could I be saving and how.

New to Tax

Welcome to Business Roles's Private Community

I am a fresher software engineer. I was an intern at a series A startup and they have offered me a pre-placement offer.

This is the breakup(Yearly):

Basic - 6L
HRA - 2.4L
Special allowance - 1.9L
Food allowance - 26.4K
Professional pursuit - 60K
Internet - 12K
Half yearly bonus - 50K

PF contribution - 2K

Total CTC - 12.5L

Apart from this, I've also been allocated 1000 ESOPs

Is there any scope of negotiation here? If yes, how do I go about it? 

Any advice/guidance would be very helpful!

Shall I negotiate in this offer?

I make 50k now @chennai, got a Bangalore offer for 13LPA, got another one here for 10.5LPA. I need to pay 40k for my home, but I don't pay rent here. While I really want to move to Bangalore, I'm wondering if 13LPA is enough for my monthly 40k + rent + food + other day to day stuff. I know it's vague but I'm just want to know if I can or should I keep pushing for an higher package

I'm new here, lmk of there a grapevine post "tax"

Help me plan my options

Got a new offer for the role of Software Engineer - Frontend. 
What would I be getting in-hand ? Really scared of paying around 40k+ as taxes 🥺 
Someone pls help me save as much taxes as possible and If I can ask them to make any optimisations to the offer letter to save taxes

YOE : 2

Could someone help me in calculation of net take-home salary?

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