Can anyone please let me know what will be the take home/in hand salary for 20L Fixed per annum.

Thank you.

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For 20L, your basic salary would be around 40-50% i. e. 8-10L. Your PF would be around 12% of basic. This would be around 1-1.2L.
Let's assume you utilize 80C, completely. That's 1.5L relief on taxation. If you have home loan or pay rent, another 2L relief.
So, tentatively, you will be paying tax on an income of 15L. This would be around 1.8L or thereabouts.

Overall, 20L - 1.2L - 1.8L - other deductions = 16L.

Monthly salary = 16L/12 = 1.33L approx.

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Thank you

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Depends on how much pf and other deductions, your investment for tax deduction and all.

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If I opt for new tax regime

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1666,66.68

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I'm in line with PM1. You'd fall somewhere around that 115 mark

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Thank you

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Around 115000 to 120000

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Thank you

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IT will be in the region of about Rs.1,25,000/- per month, on an average,

1. [assuming you would get 100% of variable pay being paid, if any, as per the payout period],
2. after statutory deductions like contributions to provident fund, income tax, professional tax, gratuity, etc.
3. If you would like to save income tax, you would be required to make investments on insurance policy / PPF / VPF, or other such avenues, but eventually that will also bring down the net-take home to the above range
4. With the exception that these investments can be collected back by you later in life.

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