Hi everyone, Can anyone tell like what is the equivalent of US packages in india considering the impact of purchase power parity, tax, things required for living, etc factors. Thanks.
For an example- In India, what can be the equivalent of 1 crore (120355 USD) US package?
100k is 23lac roughly. That's the math mostly followed
You mean 1lac in india = 23lac in US ??
Ni bhai 100k USD == 23 Lakh INR
There isn’t a single number that can define this.
Taxation : In the US, you might be paying really high tax at some places (California) and zero at others (Portland)
A car in India is a huge expense but you get a car in the US for very % of your annual salary
Healthcare in India is affordable and accessible but if you or your loved ones get a disease that requires specialists, you might require a huge amount of money even with Insurance. This isn’t exactly true in the US
Services — Maids, Drivers, Urbanclap are extremely cheap in India compared to US
Travel is cheaper in the US
Education quality in government schools is really good in most places in the US so most people send their kids to these schools. A child’s education is a good % of your monthly income in India since you can send them only to private schools.
This calculation needs to happen based on your needs, your future plans and other factors.
@HatchSedanSuv thanks, but the post didn’t talk about taxes so I think this equivalence (80lacs-23lacs) can be corrected further. Right?
Yea...add some of your judgement to it, depending where you're located etc. Cheers!
You can use this calculator to calculate PPP for India: https://www.chrislross.com/PPPConverter/
It basically comes down to 100k USD will buy you same goods in US as ~23 lakhs INR in India.
California/NYC: x4-5 of India (metro)
Rest of US: x3-4 of India (metro)
Is it really worth it based on any metrics(PPI etc) to stay in the US If you have 1cr base cash salary India?
Asking for a friend: Age 31. 10 yrs work experience in tech.
No law Low percent of people paying taxes No good Infra Rise of recent regionalism No tech advancements in AI/Semiconductor
Planning to move to US, but at 30 not sure if i can go for MS
My reason: No fcuking companies are sponsoring visas🤡
Which country is best to work as a software developer. I am an SDE 1 in India planning to go abroad.
