Assuming you don't have dependents. 
 1.5L in PPF 
 Have an emergency fund of 5-6L [ ideally 5-6 months or 1yr of expenses ] 
 Rest in equity/mutual fund whichever suits you

Software Engineer

Welcome to Personal Finance's Private Community

How you invest if you are earning 20 LPA as a Software Engineer in Bangalore.

How you invest if you are earning 20 LPA as a Software Engineer in Bangalore.- Grapevine

How much CTC is said to be good for a person to be going to do a job in Bengaluru or other city?

Welcome to Software Engineers's Private Community

I am 26 years old software engineer from Bengaluru having pretty good salary but was thinking of starting some business, what do you all do and what do you guys suggest?

Best side hustle for software engineers

Software Developer

Me and my wife are 30 years old software engineer with no kids. Draw 7 lac a month please some yearly bonus. We invest 2 lac a month combined into equity market through mutual funds. 

Expenses: 1.5 lac a month including everything, lives in Bangalore in good society, owns a car, don't thing much before spending. 

Still after everything left with 3 lakhs every month in bank account. Not sure how to use that. We both don't have any fancy "shauk" where we can spend and hence don't have an urge to earn more. 

Any suggestions???

Post tax 7 lac a month. Double income no kids, but not sure what do with all the money.

Hey - we are also similar to you. Would strongly suggest finding something you’re passionate about. 
  
 For us (primarily me) - got a dog, took a 6 month sabbatical, travelled to 30+ countries in this time, left job to pursue startup idea, spend time with parents, learn language, improve fitness, learnt some coding, etc 
  
 It’s a pretty good position to be in - just explore I’d say

Strategy & Operations

I know this is very vague bordering on stupidity, but for a single guy to survive in Bangalore, what is like the average monthly expense etc, if planning to stay in a small house while eating outside

Does an average Software Engg job cross that threshold

How much does a person need to earn in bangalore

I might get an offer from the company which is ready to give me good amount of money, but it's in banglore , I do wfh right now 2+ exp, how much should I ask so that I can live life to the fullest there, here is what I have calculated:
My expenses in HSR layout: around 50k
My investments: around 50k
My saving and other stuff to enjoy my life there and send money to my parents also: 60k
Total: 1.6lakhs per month atleast
For that I need to have 24lpa as a base.. plus I need some relocation bonus.
Is my expected salary at banglore less or more?
How should I start my salary negotiation?

A dilemma of banglore

I will start with my list 

1. Media.net 
2. Amazon
3. Atlassian 
4. Microsoft
5. Google

List of companies that pay 20+ LPA as base to 1+ YOE for Software Engineer profile

Recently my friends moved to 4 BHK apartment near Domlur. The total rent is coming to 1 Lakh for unfurnished apartment, it has some really good amenities.

All 3 of them have offices nearby, and I work remotely for a US startup. After, furnishing and one time setup, just rent is coming to 32k. I am unsure, whether moving there would be worth it or not for me.

I really enjoy company of my friends, but the rent for me is expensive + 6 months deposit. I can definitely afford to pay that much rent, but not sure whether it’ll be good decision or not because of market conditions and tons of uncertainties. I cannot back out if I say yes.

I am super confused, one side I want to stay with friends and on other side rent and deposit is worrying me.


Would love to hear thoughts of you all. 🙏

Is it worth it to pay 32k in rent for a room in bangalore if you work remotely ?

One of the reson for increase in rent especially in Bangalore is these early 20s bachelors earning min 20 to 30LPA, who think when splitted rent into 2 to 3 flatmates it will be less than 30K. They don't know the struggle once they get married and is a single earner in the family.

Founder

City - Bangalore, both Software Engineers

My salary - 48LPA
Wife’s salary - 30LPA

In hand salary both - 4L per month
Yearly bonus - 8L

Monthly expense - 1L
Rent - 35k
Car EMI - 16k
Other expense - 50k

Investments -
Monthly SIP - 1L
Stocks - 50k

Remaining 1.5L saved in account for big investments and emergency 

Current assets and portfolio -
MF and stock - 20L
PF - 15L
Land value - 1.3Cr
Flat - 1.6Cr

Term insurance - 3 Cr
Health insurance - 10L

How am I doing financially and what can I improve?

Me reading it with 20k in savings account😅🤣

Tech Lead

Welcome to Business Roles's Private Community

Fresher, 1st job. Getting 12 LPA before deductions. Wanted to know how is it and what type of lifestyle I would be able to afford. 

Fellow Grapeviners earning similar, how do your expenses look and how much do you save?

How is a salary of 12 LPA in Bangalore.

Product Manager

Welcome to Office Gossip's Private Community

Seeing a lots of discussion about people complaining about inflated salary, it's quite sad to see such discussions.
Take SWE for example, so an swe is expected to move to an expensive city with high travel and food expenses, scant housing options with landlords hiking the price 40-80%, work 8 hrs a day and sometimes even 12. And if  he's drawing 20-30LPA he's considered overpaid?! Not to mention the guy has to pay a huge chunk to the government and we're not americans who don't care about their family and have to take care of them as well. 
We're all overworked and underpaid (if you consider the amount of hrs one work and how much they are paidpaid in abroad) and considering the situation still underpaid. 
There may be people who might be drawing a high salary and barely do any work (considering they take a lot of leaves and don't put time and effort in work) but that should be the discussion of the inadequate framework for calculating better metrics for productivity and how companies fail to do their due diligence, instead of complaining about high salary. This affects us all and if we all think that salaries are inflated it only hurts us more.

Are Indian corporate employees really overpaid?

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

I'm in tech and making 10 LPA (1 YOE ).

What are some of the investments I should do to able to make 10CR in 10 years?

What all sacrifices need to be done to achieve this target while living a decent lifestyle?

Ambition of 10CR

How much salary per month should be for a software engineer so that he can save plenty money.. like 60-70k.. and live banglore life in happiness..

What should be the salary for a employee if he wants to save 70k

I got a job offer of 10 LPA base as a Business Analyst at a BFSI company. The work is full remote with an option to do hybrid as well. The office is in Bangalore and I really want to move there since it’s just the starting of my career and I feel like I could learn a lot by being in office, but idk if I can afford Bangalore rent and COL with this base. Any inputs (including your thoughts on if I should stay remote or move to Bangalore) are appreciated.

Fresher with 10 LPA (Base) offer. Should I negotiate?

H guys, 

I have 10+ YOE and am earning 23 LPA in native Android app development.
Location : Bangalore

How much package can I get in Android app development with this experience.
Please mention if I do need to upskill myself for it,

Salary discussion

I have 4.5 years of experience. 5 Salesforce certifications. I have good knowledge of communities, proficient in Apex, LWC, Flow, Security. Current CTC is 13 LPA (2 variable + 11 fixed). This was offered to be 2.5 years back. Have not got any promotions or major increments although I think I deserved them. According to my previous poll post votes I came to know that the salary should be more than 25 LPA. I am trying to know how high I can expect?

How much salary should I consider while negotiating with HR for my next Salesforce Developer job?

Wife Working in Whitefeild and I am working in Koramangala 
Looking across multiple regions in Bangalore

How you invest if you are earning 20 LPA as a Software Engineer in Bangalore.

Discover More

Misc on

by Aaron Olive

Student

CTC

Software Engineers on

by Aaron Taye

Gupshup

Best side hustle for software engineers

Personal Finance on

by Kendall Olive

Stealth

Post tax 7 lac a month. Double income no kids, but not sure what do with all the money.

Personal Finance on

by Kendall Hyrum

Stealth

How much does a person need to earn in bangalore

Software Engineers on

by Karilyn Lee

Quizizz

A dilemma of banglore

Layoffs on

by Karilyn Dean

Stealth

List of companies that pay 20+ LPA as base to 1+ YOE for Software Engineer profile

Bangalore on

by Kendall Dean

Stealth

Is it worth it to pay 32k in rent for a room in bangalore if you work remotely ?

Software Engineers on

by Jordon Lee

JP Morgan

How am I doing financially and what can I improve?

Business Roles on

by Anise Gabriel

Stealth

How is a salary of 12 LPA in Bangalore.

Office Gossip on

by Kendall Lee

Stealth

Are Indian corporate employees really overpaid?

Bangalore on

by Kendall Carmden

TCS

Help me plan my options

Personal Finance on

by Aaron Carmden

Samsung

Ambition of 10CR

Software Engineers on

by Coy Lee

Quizizz

What should be the salary for a employee if he wants to save 70k

Business Roles on

by Kalan Taye

Student

Fresher with 10 LPA (Base) offer. Should I negotiate?

Software Engineers on

by Karilyn Gabriel

Entrepreneur

Salary discussion

Software Engineers on

by Jordon Carmden

Accenture

How much salary should I consider while negotiating with HR for my next Salesforce Developer job?

Bangalore on

by Kendall Carmden

Stealth

What's the optimum Rent/Income ratio for 20LPA SDE house-hunting in Bangalore