4 AM Thought:

For people falling in the 30% tax bracket who are asking their in-hand salary per month, if you are just utilizing the 1.5 Lakh limit of Section 80C as well as the 50K limit of NPS and without any home loan:

Just divide your fixed yearly salary by 15.4 to get your monthly in-hand salary.

Worked for me. Do let me know your thoughts.

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Samaj sevak ho bhai. Subha 4 baje bhi dusro k baate soch rahe ho

funnylike

Sahi mei 😅

Itna salary bata diya ki, 4 am wale ko 8 am tak bhi nind nhi aayega !

funnylike

Roughly it's near to exact amount! you have to consider HRA too. Which reduces the tax

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I agree

15.4🧐 Does it mean I'll get 3.1L/month from April.. f**k.. I need to hire someone to manage my investments 🤣🤣

funny

Needless to say

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funnylike

+1

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16lpa.. not utilising anything because I have full financial commitments..
What will be my tax..kindly help .

PS: yes I can t focus on savings or insurance now.. need to return money to people who I owe which was lost in business... So no option to invent 1.5 for 80c or such..

So 16lpa, will be using all the money I get in hand... And i think TDS is applicable at my new employer..

Please help.. and sorry if I sound arrogant..

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Oh okay.. thank you!

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