GigglyWaffle
GigglyWaffle

Tax savings and salary question for remote jobs

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!

10mo ago
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FluffyNugget
FluffyNugget
Plivo10mo

You hv enuf investments from ur internship pay I reckon. You can “survive” in dubai with this salary. I am not sure what gives u the confidence that u’ll be able to negotiate or restructure the salary components. This is news to me coming from a fresher. Consulting CA would be best course of action. If u’ll be consultant then u can save a lot of taxes till 75 lpa

GigglyWaffle
GigglyWaffle

i probably won't be able to restructure it much because as I mentioned it's a bit rigid, but then essentially if the company is paying out the same amount in both scenarios can't they do it? And yes the salary is great, I didn't know 4 years ago that I could potentially earn this much (didn't know about remote or WFH or anything either but I guess covid changes that for all of us), I essentially meant with the word "survive" as in live super comfortably in a nice home which I luckily don't need right now.

FluffyNugget
FluffyNugget
Plivo10mo

No they can’t customise structure on case by case basis. Just imagine the headache and other troubles for their finance folks

SillyNoodle
SillyNoodle
Yahoo10mo

What platform did you land the opportunity?

GigglyWaffle
GigglyWaffle

I applied on their careers page! It led me to a greenhouse link where I filled out their forms.

DerpyMochi
DerpyMochi
Planet10mo

Good job on the W

SwirlyDonut
SwirlyDonut
Amazon10mo

It's best to consult a CA. When I heard about US based remote startup, I thought salary must be around 50LPA. But given that you're a fresher, it's still pretty good pay. You've a long way to go buddy! 😃

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