12+Java ,springboot,microservices Current CTC 31 (25 Fixed + 6 variable). Can I expect 45 LPA fixed ?

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+1 means he is following the post..

So if someone comments he will be notified .so..

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I am a fellow java dev too. Just curious about the kind of work you are having at this experience.
What kind of work do you have to do as your daily activities?

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You can expect higher in product based companies/startups, in service based ur assumptions is rgt

What is your current yoe?

12

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Hi

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Hey everyone !

Need help to understand this.

Components:
Basic: 10,00,000
HRA: 6,00,000

HRA excemption Calc:
1. Provided by Company: 6,00,000
2. 40% of Basic: 4,00,000
3. Rent - 10% of Basic: Rent- 1,00,000

For tax exception, min of these will be considered.

Ques: Can I claim my entire HRA exemption of 4,00,000 (as per option 2) by showing annual rent of 5,00,000 ?
P.S.- I am staying at home with my parents and I can transfer the rent to my parents.

Thanks in advance.

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Hi Sharks,

Need suggestions on how to make zero tax with all possible deductions for the salary mentioned below.

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2. Home loan co-applicant along with father for 10k (property is with father's name)

Currently staying at home. Will be moving to work location from Jan.

No other deductions or investments.

Highly Appreciate for the suggestions on what to invest and how.

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