FuzzyLlama
FuzzyLlama
22mo

Trending @Infosys; Hello All, My CTC is 11.76 LPA, however during February, I got 67k. Is it normal or should be higher?

22mo ago
QuirkyCupcake
QuirkyCupcake

May be you have chosen old tax regime without any investments. I selected new tax regime. Around 3.5 to 3.8k gets deducted. Post deduction, I get 64k monthly for 10.7 Lpa ctc. You should get more I guess.

While filing ITR, change yours to the new tax regime if you don't plan any investments. So that you'll get a tax refund.

GoofyBanana
GoofyBanana

Which regime is better ? New or Old.. ?

QuirkyCupcake
QuirkyCupcake

Depends on your investments and deductions. I don't have any, so for me, the new tax regime is better.
If you want to go for old tax regime, you have to invest in different things which come under 80c , then hra,etc, which is also fine if the amount of tax you pay is being reduced.
In my case, even after checking my investments, tax is higher in the old regime, so I chose new tax regime. You can check it here it shows which regime is better for you.

https://cleartax.in/paytax/TaxCalculator

CosmicBanana
CosmicBanana

I almost have the same salary, but your deduction is more than mine, I am not sure why.

FuzzyLlama
FuzzyLlama

Hey, I have chosen old tax regime with no investment or deduction saving. You have also chosen old one?

FuzzyTaco
FuzzyTaco

If you don’t have investments then you have to choose next tax regime man

WigglyHamster
WigglyHamster

What’s your position?

FuzzyLlama
FuzzyLlama

Lead Data Scientist

WigglyHamster
WigglyHamster

Do you know what exact knowledge required for Data Engineer in AI or in Gen AI?

SnoozyPenguin
SnoozyPenguin

If this is your fixed CTC then you should get around 82k

SnoozyPenguin
SnoozyPenguin

My fixed pay is 11.7 LPA n I'm getting around 84k per month

WobblyCoconut
WobblyCoconut

You are in new tax regime right ?

SwirlyNoodle
SwirlyNoodle

What you get in other months ? If you had shown tax savings projections but didn’t provide or proof the will cut more tx towards the end.

PrancingHamster
PrancingHamster

Its normal

MagicalPretzel
MagicalPretzel

This is normal.

CosmicPanda
CosmicPanda

My friend is in hexaware with 11 lpa , he gets around 80k

MagicalRaccoon
MagicalRaccoon

Yes It is normal.

SwirlyNoodle
SwirlyNoodle

What you get in other months ? If you had shown tax savings projections but didn’t provide or proof the will cut more tx towards the end.

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