Tax on 50lpa+
Those who are earning more than 50lpa base how much tax do you end up paying? 😶🌫️
Almost 40L in the last FY
What's your CTC? And take home
CTC: 1.22 Cr Take Home post-tax: 33L Stocks pre-tax: 72L
I pay 1.2 lacs per month, salary is approx 55lpa, all cash
That’s too much for 55L cash.
How much do you pay? What's your calculation?
This is nothing to glorify. Indians do not get any return on taxes paid by high earning individuals. People who have opportunities, try to move to a contractual employment and claim 44 ADA.
Who is glorifying this though?
Try to make you taxable income <50. You will save on the surcharge.
You can reduce around 15-20 lakh in old policy.
10 lakh HRA to parents
1.5 lakh 80C
0.5 lakh NPS
0.5lakh standard deduction
0.5 lakh Mediclaim
2 lakh NPS Employer Contribution
5 lakhs in Political Party donation / 2.5 lakh in 5 lakh donation to NGO
If company has any benefits claim them, periodicals, gym, LTA
To everyone paying income tax I just want to say
-"thank you"