A rough idea about the in hand salary please?

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Okay, recently I’ve learned calculating tax
In your case net inhand after pf deduction and professional tax is 24,35,750/12 = 2,02,980

For your net taxable income deductions, you’ll have already exhausted 80c (1.5 lac) with that much epf. You can have 50k standard deduction (sec-116). Not considering home loans and hra for exemption.

Net taxable income = 2385750

Now comes tax with 3 slabs and 4% cess
(S1)12500 + (s2) 1,00,000 + (s3) 4,15,725 = 5,28,225 +(cess) 21,129 = 5,49,354

Monthly tax - 45,780

Monthly inhand : net-tax = 2,02,980 - 45,780 = ₹1,57,200

You can reduce net taxable income with other exemptions and deductions, for now i’ve considered only 80c and sec-116. Rest calculations will remain the same.

likehelpful

What's section 116? Please tell me

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You will get to know next month 😊

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Good one

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It is good structure and easy to understand. No game is played in ctc... 12% is only variable.

This salary structure looks like from Product company.

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You are right

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Around 1.5L

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Great

As per me, the best formula for higher ctc is, (total CTC - 30%) / 12 = minimum in hand you will get per month.

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165 approx

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Right now taxes will deduct from current month till March, So it will be lesser as it should be.. what ever you receive this month will be more that what you’re actual among will be

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Can u pls share org. name?
This is really good compensation structure.

Western digital

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