What amount of tax will be deducted monthly for a CTC of 40LPA in India? Work location - Chennai.
There's a Dope app called "My Tax". Check that out, fill out all details. You can then optimize on tax based on various parameters
What's dope app? Available on Android. Sorry, because I am not aware.
I meant, there's a good app for this, called "My Tax"
Not sure why work location is called out here. Depending upon your salary structure, and deductions, 22-24% of your ctc should be a safe assumption. Explore the old regime.
Location, because I was not sure if Professional taxes will be different by region. That was the reason.
Will not be more than 250 a month. Shouldnt have an impact
If you have a home loan old regime could be a better option else not worth the hassle imo
No home loans.
Just wanted to be sure. My calculation is 80k in the New regime. I am just assuming the new regime because it's easy and then we know that the old regime will be (-5k) from the new tax regime amount.
Taking all possible deduction (except loan), should be ~80K
Around 70k to 80k
Experienced professionals, please help me here. I am an IT administrator in a start-up company. My salary is 5 LPA. How much should I expect in hand? Would there be any tax deduction that I should be aware of? What else would be deducted...
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.
30% bracket but pay 0% in tax.
If someone in India earns a CTC of 50 LPA or 1 crore+ with 10-15+ years of experience, but faces a 40% deduction (due to tax, PF, etc.), does it make sense to continue working in India or consider relocating if given an opportunity? Desp...
