WigglyPenguin
WigglyPenguin

net monthly takehome

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)

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6mo ago
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PrancingJellybean
PrancingJellybean

Gross-PT-PF(ur contribution & employer contribution) - taxes

WigglyPenguin
WigglyPenguin

how can i roughly approximate my taxes? assuming old tax regime and standard 80c and 80e exemptions?

in essence I'm wondering if there's any way i can optimise the breakup to get > 2 in hand (before student loan emi)

SwirlyBiscuit
SwirlyBiscuit

How TF you have 3600 combined PF contribution? I mean I earn 20% of what you are being offered and my combined PF contribution is 8K/Month. Isn't there a law that some X% minimum has to go to PF??

WigglyPenguin
WigglyPenguin

the least amount employer and employee have to put towards this scheme is 12% of 15k (1.8k per month), if your employer allows it, you can put the minimum 1.8k in your pf to increase your take home

TwirlyPenguin
TwirlyPenguin
Student6mo

What is HRA & LTA ?

WigglyPenguin
WigglyPenguin

house rent allowance and leave travel allowance

MagicalPancake
MagicalPancake

My estimate is around 2L pm. If you do 1.5 80C, 50k 80CD, 3-4L rent, and edu loan I have no idea what's the yearly interest. But considering all this it should be slightly above 2L.

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