Are there more option to save tax other than 80C, Rent, NPS and Health Insurance? People are saying they are earning >2lacs per month and just paying 12k/month tax.

likefunny
Posting as :
works at
You are currently posting as works at

I went through the post which you have mentioned and it seems he switched just before the financial year. So while filing ITR be will be liable to pay the remaining tax, so do not worry about tax since that is not in our control IMO

like

Buy house at a different location, opt for corporate NPS and utilise corporate car lease policy

like

The lease amount gets deducted from your gross salary so that helps for tax deduction and corporate interest rates are usually lower than market rates

like

New regime will give will you less tax, and no need for.above investments

Related Posts

Got staffed on a role two levels above my current level. I’m excited about the opportunity&have some relevant experience. Just nervous that people won’t think I’m qualified/take me seriously. Advice 👇

like

Hotel codes please? 😬

like

Is it too late to leave to another firm without burning bridges????

like

I’m a female who lives with my SO. We’ve been dating for years and we fight a lot so it’s possible a breakup is near. Do you think it would be difficult to date while living with my ex as roommates in a 2br/2ba? We have a lease that’s not even halfway done. In other words, would a man be uninterested in a woman who’s living with her ex (but of course being appropriate after the breakup)?

like

“Dear Goldman Sacks team,...”

Post Photo
likefunny

Annoying situation - used a nasal saline this morning and have been so itchy sneezy all day.

like

Anyone from BCG specifically at the Boston, Dallas, or Bay Area offices willing to chat about the culture and industries tied to those offices? I was told those offices get a lot of the healthcare projects. I would love to chat with someone from one of those cities.

How do you integrate mindfulness in your classroom? Have you ever experienced a negative reaction from parents or administration?

like

Why do recruiters email you for you to say “yes I’m interested”and then never email you back?

like

Does anyone know if Deloitte USI is sponsoring L1 visa these days

like

How much do you pay for benefits? I am thinking about moving districts but I am not sure what the hidden fees are for their benefits. Wish it was more transparent, I feel like other districts get paid way more but I was wondering if they syphon your money away with health insurance, dental etc.

like

Anyone have any insight on how I can make myself more appealing for a consulting role at a Big 4 or MBB?

Background: 27 Afro Latino Male recently graduated from a State School with a Master’s Degree in Industrial and Organizational Psychology. After undergrad I worked at McKinsey for 2 years as an EA and was urged to get my graduate degree to pursue consulting. Now 1 year removed from graduation, I’m still having a hard time landing at a good firm. Would having orgs like PP and NAACP hurt me?

like

Anyone interested in boardgames this or next weekend?

like

Hi Fishes,

I am looking for opportunities currently and any referrals for the below mentioned skill set would be helpful.

Domain Knowledge : Cisco Switches & Routers / Cable modems
Protocols : VLAN,STP,RSTP,DHCP,ARP,RIP,OSPF (Functional knowledge)
Scripting knowledge : Python and TCL


Having 6.9 YOE in feature/functional testing. Currently serving notice period with ~70days left in service.

FYI, currently looking for opportunities in Chennai only. Any leads would be much appreciated.

Best and worst part about working for a TPA?

Does anyone work out of coffee shops during lunch or breaks as a way to propsect?

like

Consultants be like...

Post Photo
likefunny

Did not expect to find a bunch of Clarence Thomases in this bowl this past weekend.

Remember your roots. You’re a minority, and are privileged to be in this field. You are not divine, or a genius, you got lucky. Civil rights giants paved the way for you to step foot in law school. Respect them by lifting your community, and improving our quality of life.

There is plenty of space for all of us, and we are stronger together. Have some empathy for your kin and leave your bigotry at the door.

likesmart

Kearney va OW for healthcare work in NA region.

like

What’s your reason for cc’ing? 🧐🧐

Post Photo
likefunnysmart

Additional Posts in InHand Salary and Tax Calculation

Hi fishes, what will be in hand after all the tax deductions?

Post Photo
like

This may help u

Post Photo
like

I have got an offer from LTI, They gave me what I asked, but it has variable portion which I didn't realise that time. Now I have another offer which is 20% higher than what LTI offered me. So I am thinking whether I need to discuss for counter them to match with the offer which I have in hand? Please advise.

like

I have recently started sales and marketing job at walmart India but i had been working there in the same company for 2 years as an off roll employees for E-commerce. If my in hand Salary is enough ??

Post Photo
like

Hello fishes,

Can you please let me know whaat will be my inhand salary and tax?

Post Photo
like

Is it Better option to switch only after 2-3 months of joining?

How much in- hand salary can I expect if I have 17.5 as CTC -
Basic 7,00,000
HRA 3,50,000
Employee Engagement Bonus 42,000
Benefits plan 4,09,080
PF 84,000
Gratuity 33,670
Variable Pay1,31,250

How much can be expected from ANZ for Product owner role?

like

What is the maximum salary of DWH testing engineer Ex.-1 year?

like

Hi all,
Need likes to start chatting with individuals in group

likehelpful

What would be my indhand salary per month. I will take care of the tax later.

Post Photo
like

Help me with the inhand salary.

Post Photo
like
likeuplifting

Basic 44,208
House Rent Allowance 22,104
Special Allowance 20,304
Total Monthly (A) 86,617
Total Monthly Annualised (B) 10,39,400
Provident Fund _ 21,600
Total Annualised (C) 21,600
Total Fixed Annual Gross Salary (B + C) 10,61,000
Gratuity 25,505
Mediclaim Insurance _13,588
Total of Section B 39,093
Total CTC (Section A + B) 11,00,093

What will be inhand salary?

like

YOE - 3.8

Ctc offered - 16.7

Fixed - 14.5

Location - Bangalore

Please advise whether the package offered is okay or not. Should I look for another offer?

like

Hi Sharks,
Could anyone can confirm exactly how much monthly intake from the below CTC.
Stack: HPC
YOE: 6

Post Photo
like

Currently earning 32L fixed, and in dire need of tax savings tips.
80C 1.5L is overflowing
I have a Home Loan (60L)
No NPS
What are the ways can i save tax? Paying 8L + 😭

likefunny

Hi Sharks,
How much take home salary for the below attached ctc.

Post Photo
like

Hi guys 👋🏻
This is regarding the interest amount of our EPF.

For you guys,is the interest details showing any amount in the EPFO member passbook? Or is it showing '0' like me(As seen in the photo below)?

Is the government yet to credit the interest amounts of our PF balances? Or is something wrong with my PF account only?

Any inputs will be really appreciated 🙂

Post Photo
like

How much I expected from siemens?
Yoe-2.8
CTC-7LPA

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal