You will get standard deduction of 50k. Also check with your employer for NPS scheme. Employer contribution to NPS up to 10% of basic salary is exempt without limit.

Chartered Accountant

How did you negotiate such high %age of front loading (signing bonus)?

They just gave it to everyone without asking lol

Software Engineer

Product Manager

If you don’t have any House Rent / Loan exemption to claim - it’s ok to go with new regime.

Sales

There is app called myTaxIndia, just put all your details in that and it'll generate your tax, also you'll get info about how to save tax and which regime is good for you.

RPA Developer

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.

Welcome to Personal Finance's Private Community

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?

Post Tax in-hand monthly salary ka koi idea?- Grapevine

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

For 12 LPA (fixed 10.5 and variable 1.5) how much will be the monthly salary?

Salary Advice

Associate Consultant

I am having 21LPA package and I want to save taxes on the new tax regime. Please suggest

Need financial suggestions on tax saving

Senior Consultant

Welcome to Office Gossip's Private Community

Hey everyone, 

Thought of creating a daily post where we all can hang around and talk just about anything - without having a specific topic to discuss. 
Think of this like the Watercooler at your office. 

Look forward to hearing from y'all :)

Daily Watercooler (13th June)

The hiring scene is so bad RN man, and why tf every company I get offer to seems toxic af as per the current and ex employees. So tough to find the right ones

Founder

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

Guys, suggest me some tax saving schemes for new regime.

Software Developer

It’s so painful to see the amount of money I end up paying on the name of tax. Presently doing  - 1.5L of LIC and pf + 50k NPS + HRA. What else can be done? My CTC is 55LPA.

Ideas to lower income tax

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 👍

Info on Tax Saving

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'm thinking to increase my EPF contribution to the max which is 12% of basic and also thinking to start NPS investment. 

since I am just starting out in personal investment domain. I do not possess much knowledge and have been seeing people here helping others.

My question is should I increase the EPF contribution and start NPS or should I invest in public funds after thorough study? 

The first one are from the govt so seems safe to me. Again I'm not fully aware about investment.

Thank you in advance for everyone who'll pitch in their opinion!

EPF, NPS are good for long term?

For a salaried employee ranging from 10 lpa to 17 lpa, which tax regime would you suggest for? Old vs. New?

Old vs New tax regime

Product Owner

Consider investing in NPS and taking the tax benefit (however locking money until 60 atleast) vs investing in mutual funds.

Please share your thoughts if its worth the tax benefit.

Any opinions about if one should invest in NPS or not.

Equity Research

One of my uncles (50 years old) has to pay Rs 37K tax every year, he is the sole earner in his family, he is a very simple and honest middle class man trying to provide for his family, is there any way that he can save that tax? They live paycheck to paycheck, As the tax amount is a lot for him, pls help with what can be done? I’ve seen people who earn hell lot more paying 0 taxes, pls help
Home EMI= Rs 25K per month
Family members= 6 (Wife, 2 daughters, Parents)
No Mutual fund SIP, no health insurance, no knowledge of how to save taxes

Help! Rs 38K income tax on 8.8L CTC (50 yrs old middle class man)

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

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

Welcome to Software Engineers's Private Community

Hello,
I am expecting an offer letter from a company based outside India. They are quoting their salary figures in USD. 
I wanted to get an idea from the members of this group about the things to keep in mind while being paid in USD.
How much would I have to pay in conversion fees? Or does the employer typically take care of that?

I would need to provide them with invoices every month, for which they will pay me. So I have to take care of the tax on my own.

Does this mean that PF is not an option or can I deposit PF myself somehow?

What other kind of issues should I keep in mind?

Salary from Foregin Based Startup

Mechanical Engineer

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 🎄.

Post Tax in-hand monthly salary ka koi idea?

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