PrancingMuffin
PrancingMuffin

Dark side of CTC!!

Highly paid GV folks, is this true? After taxation, is all the hustle worth it? Share your thoughts..

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MagicalBagel
MagicalBagel

Just plan your taxes well! I received 2L in hand at 30LPA. Receiving 2.42L at 34.5LPA.

Plan your HRA and other deductions properly, explore more tax saving avenues.

PeppyCoconut
PeppyCoconut

You have housing loans?

PrancingMuffin
PrancingMuffin

Woah!! Your taxes are halved . Is it home loan or HRA, NPS, insurance, ELSS, what else🤔

GroovyPanda
GroovyPanda
Zepto10mo

Multiple your CTC with 0.065 and that will give you approx, how much you’ll get per month.

DizzyBiscuit
DizzyBiscuit

My in-hand is a very close figure by using this calculation!

SparklyMarshmallow
SparklyMarshmallow

But how do you get this number 0.065

DerpyMuffin
DerpyMuffin

If I remember right 60 is 3,52,000 . 75 is like 4,20,000 and 90 is 5,20,000

PrancingMuffin
PrancingMuffin

Close to formula by @Katayi_bakchodi

PrancingBiscuit
PrancingBiscuit

For me 10 LPA =58000

SnoozyPancake
SnoozyPancake
Lokal10mo

How’s it structured? I’m in new regime, 54K at 7LPA

PrancingBiscuit
PrancingBiscuit

Basically it is 68 or 69000 only for 10lpa but I removed 10k perfoc3mce bonuses which they give every 3 months

ZoomyWaffle
ZoomyWaffle
Student10mo

Let see👀 cognizant 2.5 LPA
16k in hand 🥲🥲

PrancingMuffin
PrancingMuffin

Nirmala tai won't let you die happy😂

SwirlyTaco
SwirlyTaco

It's worth it because the amount in your PF is also increasing. With a 10L TC, you're putting 8k in your PF account, whereas with a 50L TC, you're putting 34k in your PF account.

PrancingMuffin
PrancingMuffin

True!! It gives a safety net for future.
But have you tried withdrawing PF money. Its nothing less than begging for your own money.

FuzzyBiscuit
FuzzyBiscuit

I haven't done any special tax planning apart from ensuring all the deductions are maximised.

And yes, these figures are in the correct ball park 😭

WigglyCoconut
WigglyCoconut

100%

SqueakyBiscuit
SqueakyBiscuit

Yup

SillyPenguin
SillyPenguin

Almost correct, you can increase the take home by 10-15k if planned the hra, 80e correctly.

But then 80e will increase the emi.

Nite this is for the 30-50 ranges.

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