97k pre tax as pf is not credited to account and post tax u can get 80-90k depending on tax regime u chose like old vs new. 
  
 But yes, u will get 80-90k in both cases as in hand.

Senior Consultant

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: 4.5...

Welcome to Personal Finance's Private Community

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.

Software Engineer

Help with Salary Break up.- Grapevine

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

Welcome to Salary Discussion's Private Community

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

Solution Architect

Welcome to IT Company Discussion's Private Community

My friend HCL offer breakup, who can exactly tell me about monthly in hand salary?

Cloud Engineer

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+

I am straight outta clg, asking for me and my friend. Dont know shit about taxes epf gratuity and esops etc, will study about it soon but just wanted to know the figures now so that i can tell it at my home.
Thanks Grapeviners and wish u a merry Christmas 🎄.

How much money hits the bank account for a base salary of 12 and 15 lakhs respectively in Banglore.

Product Manager

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

I got an offer from Accenture and they have not provided any salary breakup. Just only this.

What would be my in-hand salary in the new tax regime?

P.S.: HR is not responding to my calls.

What wil be the in-hand salary?

Technical Consultant

I wanted to check up on the fact whether i am doing things correctly to save taxes or not and below is the details for the same.
Gross Salary - 3,30,000/Month
PF Contribution - 16,000/Month
Income Tax - 75,175/Month
Net pay - 2,38,000/Month

If i can save more taxes, how should i proceed furter assuming it's my first job and I've got little zero idea about anything around personal finances and taxes.

Better tax management

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

Since the tax season is upon us, I wanted to check how do you folks handle tax related things? 
1. What are some tricks you use for tax saving?
2. Do you work with a CA or handle taxes yourself?
3. For folks having salary>30lpa- which tax regime have you chosen?

How do you handle taxes?

Seems a valid calculation to me.

You can refer to it probably next time when you are discussing pay or pay raise.

The og author has calculated like this:
'This is almost the best-case scenario without the variable component.

12% PF deduction and 50% basic salary is considered for calculation.'

CTC to In-Hand CheatSheet

Software Test - QA

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

I recently got a job offer at a well-funded remote startup headquartered in the US as a DevOps engineer. They adjust the salary package to account for the country so I won't be earning in crores... but I wanted to ask people who are in remote positions as to how to negotiate a salary that will be rigid more or less,no options are there to negotiate till a super high margin (maybe 10% max).

For example, they are offering 33 LPA currently, does that put me in a higher tax bracket and can I negotiate for a lower compensation so that I can be put in a lower tax bracket, say I ask for 29 LPA and ask for a joining bonus (or HRA) or some restructuring to do that? 

I don't understand how taxes work in India especially with remote payments but I'm hoping someone can offer the right guidance and resources so that I can look into this in depth later on as well. This is my first ever job and I got it straight out of college, so I do not mind even if they are paying me less than their US counterparts. This salary is more than enough to survive in a tier 2 city (will be shifting back to live with my parents).

I don't have much investments right nos, just a couple of FDs and some equity + debt funds along with stocks (mostly banks + chemical companies here and there). I can look into ELSS funds and what not if that can save up some taxes. I am considering talking to a CA about this too.

(Note: not comfortable with naming it even if this is an anonymous platform because it has like a strength of 50 and I feel it is irrelevant to the discussion).

TIA!

Tax savings and salary question for remote jobs

Scrum Master

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?

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

New offer : Inhand Salary ?

Guys... I made some good decisions and ended up having an opportunity to pay myself 36 LPA but, that means, about 9.4LPA tax.

What do I do? I want to get a home loan so keeping a higher salary would make the banks happy but then I also lose almost half of it to taxes.

Any advice from high earners and other fellow startup founders?

Tax 😨😨😱

Founder

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

I'm thinking of going with the new regime and I'm really dumb with deductions.

From what I've read, other than the Employer's contribution to EPF, everything falls under taxable income.

Post Tax in-hand monthly salary ka koi idea?

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 👍

Help with Salary Break up.

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