Can some one throw more light on this purchase of laptop/computer tax benefits in KPMG..we can avail 1 lak over the period of 36 months...does this mean every year I save a tax of 33,333 ? Is it like I am getting a free laptop as I would have saved tax of 1 lak ? #kpmg

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

Nahi Bhai. Your taxable income will be lowered by 1 lakh. It doesn't mean you save 1 lakh tax.

No. Let me give you an example to understand.
If your taxable income is 12lpa and if you deduct this 1 lakh then your taxable income will be 11 lakh. So you will save the tax on that 1 lakh which is reduced because of this and not all 1 lakh.

like

Related Posts

I am joining citi office Pune, do they give 15 days accommodation and traveling reimbursement, till I search residence for myself?

Thoughts on ARK innovation ETF

like

Hi guys,

I got my full and final settlement today but I can see no tax deduction. Does anyone know the reason. 4k tax used to be deducted every month till now. I also got gratuity and leave encashment along

like

What are some good modern/post-pandemic personal finance books you can recommend?

Confirming that the cheapest and fastest way to buy Electra is to transfer LTC to Coinhouse and then convert LTC to BTC

like

There has to be a point where focusing on minute details generates diminishing marginal returns.

like

Can someone suggest some good mutual funds

like

Anybody have experience with JD-specific mortgage loans? I know BBVA offers one

like

Should I sell or hold Tesla considering it’s joining SP500? Right now my profit margin with it is around 110%.

like

How was your tax season?

like

Hey fishes, can someone tell me how the 80c bracket works, i know i can get exempt upto 1.5lakh under it, what i wanna know is does PF comes under it or not? For example if my yearly pf deduction is 20k and VPF is 10k so now will i still be able to show investment of 1.5lakh under 80c apart from PF and VPF or i'll be able to get exemption on only 1.2 lakh( 1.5lakh-30k= 1.2lakh)?

Thank you in advance!!

like

Great time to be buying ETH right now. Could still dip to 1800 at the lowest, but I’ve gotta believe we’re going to 8k+ once the eth2 upgrades hit.

likefunny

I have been recently selected in Virtusa and in the compensation there are components like Internet reimbursement, LTA, food reimbursement.
Could anybody please help me to understand will these components be paid out to me monthly or will be only provided if i submit the proofs for the particulars.
Also is the food reimbursement offered in the form of monthly Sodexo coupons?

BakerTilly people, what application do you use to prepare your financial statements? Do you use word/excel?

likefunny

I've got a job offer from Deloitte Latvia ( Deloitte Central Europe) for the Riga City. The gross compensation is 3000€/monthly along with one time 2500€ as a relocation allowance with other benefits like 45€/month as Telephone reimbursement etc & other usual Deloitte benefits. Currently I've a ctc of 11 LPA at EY & 3.5 YOE. Is it worth accepting the offer after all calculations. #Deloitte #Europe #Latvia . Deloitte EY . Kindly provide some insights if u have any .

like

Any Citi alumni working at Freshworks Inc ?
How’s the culture, pay scale & benefits and promotion cycles?

like

Hey Guys,

What are the What are the benefits offered by
Maersk GSC Pune ?
What should be the expected salary for JL4 ?

like

Hi All. Question regarding HDPI (GSC Bangalore). Can someone shed light on the relocation benefits external hires get at GCB 6? Also, are these fixed or can we negotiate on these as well? I'd appreciate an urgent response if possible.

like

What is the salary range for a non IT business analyst working for a healthcare company?

like

More Posts

like

Will LTI HR Team work on Saturday ?
Anyone got call from them on Sat?

like

Larsen & Toubro Infotech Hey fishes
Can someone please help me with the referral for the post of SAP SD consultant at Larsen & Toubro Infotech

YOE: 3.2
Immediate joiner

Worked on multiple implementation and support projects

What is the average compensation range for Staff software engineer in mckinsey digital...having 12 years of experience in Cloud and DevOps technology.

like

What are your top 3 picks for best Chicago creative agencies? I’ll go first…

1) FCB
2) EnergyBBDO
3) Leo Burnett

like

Hi ,

Does IBM provides accommodation for lateral joiners?

like

Anyone travelling from pune to mumbai today?

like

Does PWC US division have good data engineering projects, which Includes Cloud services? I have an offer for a spark developer, but I think it's with the on-premise cluster. I would like to have an opportunity to work with cloud services.

HR says they will provide opportunity to work with cloud services, But during my technical discussion they confirmed that its for on primise clusters.

like

I got offer from Wipro is it good company for experience people as I have 8 year of experience

like

Please share some insights about work culture at PwC Labs. How different is it with Deloitte? What is the career level expected for a 11 yr professional.

like

Hi All,

I am looking for a new opportunity on ITSM domain accross India on an immediate basis. Please let me know in case you can extend any help.


Prompt response is appreciated

Anyone know what McKinsey’s Philadelphia office focuses on, or what industries it covers?

like

If my clients are the firm’s clients, it’s up to the firm to let them know I am leaving right? I’m leaving for a government position so I can’t take them with me anyway.

like

Interviewed recently with @VillageMD. Anyone have any insight about the remote Medical assistant positions? Preferably someone who does or did work in that type of position with this company. How was the workload? How much time is usually spent on the phone answering calls?

like

Has anyone seen any unique places to find UX portfolios or post jobs other than the usual suspects?
Some UX Slack channels were doing well for a while but I definitely don’t see as much traction there. Meetups obviously came and went. Even the portfolio sites like Dribbble and Behance don’t seem that same.

6th year of h1b starting in 6 months. Firm has just initiated GC process. How long does it typically take to file PERM and is there a 365 day rule that it should be filed 365 days prior to H1B expiration? Any exceptions to that rule.

like

Layoff going on in Synechron ?

like

He busted his ass during busy season only to be fired now. They knew he wasn’t cutting it why wait until after busy season

like

What's your favorite fine dining experience in Dallas and why?

like
like

Additional Posts in Consulting India

Hi Fishes, I got offer from Genpact as a data science manager. What is your review on quality of work in Genpact? What are the key technologies used by data scientist in pharma domain.

My friend has following offers from three companies after MBA (two offcampus and one from campus)

1. Finance Effectiveness/ EPM role at one of the Big 4
2. Deal Advisory role at one of the Big 4
3. Organization strategy role from one of the top consulting companies (not Big 4)

Which role offers the best exit options? All the offers from US support teams of the companies.
OS role offers better than the other two (only slightly), but I am interested in a good profile

like

Hi Fishes,

Planning to switch career to Data Science or AI/ML or Blockchain.

Currently working as a .Net full stack dev with 6 yeo.

I hear most of the transitions to DataScience or AI/ML, want to know how are opportunities and market trends for blockchain domain?

like

Can anyone tell me how bosch worklife balance in bangalore? And what is office timing? And what are benifit they give to employ?

like

Off topic

Kindly suggest some stores in Bangalore where I can buy Home Appliances for maximum discount. Shifting to Bangalore for the first time so please provide your inputs.

How many rounds of interview in mindtree for 14yrs exp. Hows work culture in mindtree

like

Hello!
Pls suggest some good companies hiring in field of the Talent Analytics and HR Analytics.
Thanks in Advance!

like

How about the TEKsystems work like balance .
Is it worth joining as a test lead from EY.
Seems client is Shell.

Yoe = 15 years. Technology = Data warehousing. I got the below offers, please let me know your suggestions on which would be a wise choice?
TCS - 20 lpa (2.5 fixed)
Wipro - 25 lpa (4.5 fixed)
CTS - 22.5 lpa (1.5 fixed)

Thanks in advance !!

like

I am planning for a switch and have a job experience which was only for 3 months. Left due to better opportunity. Should I skip this in resume and mention it in bg verification or mention it everywhere

like
like

Hi All, I attended interview for Capgemini.After technical round I recieved a mail from their Hr team asking for documents like payslip , last year form 16 , certificates and id proof. I was surprised as I didn't receive any call from their Hr team mentioning I got selected and no salary discussion took place . Finally after contacting them they informed this is the usual process and they will send offer letter only after sharing these information. Can anyone confirm if this is legit their hiring process?

like

My gf and I are planning a month long work holiday from Malaysia. Which city do we stay for 4 weeks, such that we can go to all tourist spots during weekends?

I plan on working for 2 weeks and taking 2 weeks of PTO. Working from a different country is not a problem from my org perspective. Its highly encouraged, in fact.

Thank you all the fishes and crabs on the occasion of thanks giving day

like

Does anyone else feel that companies are abusing work from home policy?
Like your team lead would give you some work on Friday and the deadline would be on Monday. So you'll have to work overtime or over the weekend to finish it on time.

Can you post company name and photo of the diwali gift
& Approx cost of the gift

like

Hello Fishies,

Please can pour some suggestions as I need to confirm by
tomorrow.Got offer from EY in Technology Consulting at a Senior Consultant Band 4...15 LPA + 10% hike...YOE is 10. Will be my 2nd change.I asked them to wait asI am expecting a market revision. I mentioned to HR in earlier discussion but now they r now asking me to join immediately without considering the revision.
Is SC band 4 a senior role and salary is justified?

like

Hi, I am looking for job change.

Please let me know if any openings on
Power BI, Qlik sense and SAP Business Objects.

Experience: Around 10 years

like

Hi fishes,
I have 1 yoe in Java
Need referral

From naukri and LinkedIn not getting much calls

Thanks
In advance

like

Do you also get DM requests over here and when you reply to them, they ghost you? Happened to me thrice on this app yesterday alone.

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

Scan your QR code to download
Fishbowl app on your mobile

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