Reliance Ltd - Residual choice Pay
I received an offer from reliance limited. In CTC there is one component residual choice pay value of Rs 90k per month. How can I use it in the best way.
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The amount that is left with you after your base pay and DA is residual choice pay. With this pay, you can choose your allowance that would suit your requirements. Rs.90k per month is quite a generous sum that Reliance Ltd. is offering. If you want to utilise this money in the best possible way, here are some things you can consider: You can cash out the entire money and add this to your take-home salary. Use this money to buy insurance plans like life insurance, retirement savings, etc. You can reimburse this sum for paying home loan interest, medical bills, meeting education expenses for your children, etc.
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