For a 22 LPA salary, expect around 5-6 lakhs annual tax under the new regime. Monthly deductions could be around 40,000-50,000 INR. Use a tax calculator for accuracy.

Hi all, I'm joining a new organisation and they are offering 22 LPA, how much would be the tax deduction under the new tax regime monthly/annual ? Your help would really be appreciated!   Thanks in...

Welcome to IT Company Discussion's Private Community

Hi all, I'm joining a new organisation and they are offering 22 LPA, how much would be the tax deduction under the new tax regime monthly/annual ? Your help would really be appreciated! 

Thanks in advance!

Tax Deduction

Software Developer

Tax Deduction- Grapevine

Welcome to Personal Finance's Private Community

I am joining new org with 17LPA, I just got to know that my tax slab will be 30%. I never had to think about it for last 2 years because i was with 3.75LPA since 2 years when my career began. How should i start to reduce my taxable income? I watched various yt videos and spoke to some close acquaintances but im not able to understand how to proceed

How to save money on taxation?

Software Engineer

I have very few knowledge on Tax. So sharing my queries here. Kindly guide me

In my Aug month salary slip I got to know about this.

Annual Income - 7,92,xxx (Without std. deduction)
Tot. Tax payable -  30,xxx
Tax deducted till date - 13,xxx
(Tagged to NEW TAX REGIME as of now)

If I increase my PF contribution for this year will this works for saving tax (New Regime)?

Or any otherway is there to get back by amt means pls guide me in any type of Tax (old/new)

Thanks in advance 👍

Help on TAX Saving

Hey, I'm a fresh college passout working for a startup and I gotta do taxes now(how fun). 
The organization is making me choose between the old tax regime(2022) and the new tax regime(2023).

 My in hand is 9LPA. 

Which tax regime should I choose?

Tax regime advice for fresher

Any tax planning recommendations / tips / third party suggestions for someone earning ~25lpa ?

Tax Planning

What amount of tax will be deducted monthly for a CTC of 40LPA in India? Work location - Chennai.

Monthly tax for a CTC of 40LPA?

Senior Consultant

How to pay 0 tax when income is around >= 12 LPA?

Data Scientist

Which tax regime is better old one or new one for 12.25 LPA. I am paying 20k for insurance that’s it I don’t have house loan, rent bills etc

Which tax regime is better for 12.25LPA

Consultant

Govt of India is best at killing Middle Class. What percentage of your total CTC did you pay in tax. Income Tax department id the new Sahukar.

Percentage of Total CTC did you pay in tax ?

Analyst

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

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 👍

Info on Tax Saving

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+

Hi 

Just wanted to know if someone’s CTC is 8.5 LPA what Regime would be beneficial and why?

Tax Regimes

Assistant Manager

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

Need financial suggestions on tax saving

Which tax regime best for 20LPA salary?

Product Manager

I am a software engineer in Bangalore having base CTC 13.8 lpa. Which brings me to a tax of more than a lakh rupees, what are the possible ways to reduce this taxed amount.

Suggestions to save tax ?

Guys my ctc is 8.5 LPA could you please suggest which tax regime is best.. Assume I won't be taking any tax deductions.

Which regime is best best?

How to find software engineering roles that provide presumptive taxation under section 44ADA. It really saves a lot of taxes

Hey folks,
I opted for the new tax regime when my CTC hardly touched the tax bracket. 
Now I earn 22LPA and my heart almost collapes after seeing the tax paid. 
2 ques: 
-Is it possible to move to the old scheme to save taxes?
- Given my salary, what are the best avenues to save tax?
Thanks 🙏

Tax Deduction

Discover More

Personal Finance on

by Jordon Vernon

IBM

How to save money on taxation?

Personal Finance on

by Blair Dean

TCS

Help on TAX Saving

Personal Finance on

by Coy Denver

Student

Tax regime advice for fresher

Personal Finance on

by Dezi Everett

Fintechlending

Tax Planning

Personal Finance on

by Dezi Lee

Continental Resources

Monthly tax for a CTC of 40LPA?

Personal Finance on

by Coy Nadeen

JP Morgan

Tax

Big 4 on

by Anise Lee

EY

Which tax regime is better for 12.25LPA

Personal Finance on

by Jordon Lee

Kalr

Percentage of Total CTC did you pay in tax ?

Misc on

by Blair Carmden

Birlasoft

Tax savings and salary question for remote jobs

Personal Finance on

by Anise Dean

Student

Post Tax in-hand monthly salary ka koi idea?

Personal Finance on

by Jordon Carmden

TCS

Info on Tax Saving

Software Engineers on

by Dezi Lee

Zepto

Tax on 50lpa+

Personal Finance on

by Matilda Everett

Stealth

Tax Regimes

Personal Finance on

by Kendall Lee

Capgemini

Need financial suggestions on tax saving

Big 4 on

by Jordon Carmden

Deloitte

Which tax regime best for 20LPA salary?

Personal Finance on

by Matilda Nadeen

Oracle

Suggestions to save tax ?

IT Company Discussion on

by Anise Lee

Deloitte

Which regime is best best?

Software Engineers on

by Coy Dean

Stealth

How to find software engineering roles that provide presumptive taxation under section 44ADA. It really saves a lot of taxes

Personal Finance on

by Anise Lee

Unicorn

New to old tax scheme?