Can someone help me with in-hand salary ??
And what is LTA and meal card ?

#Tech Manindra # Mech. Design Engineer # 7years Exp.

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To save tax, you can opt for Leave travel allowance. LTA is once in every 2 years, you can claim your travel expenses spent on holidays like flights/train by declaring in ITR portal. Meal allowance is, company will load money every month to your meal card so that you can use this money for online/restaurants (zomato,swiggy). From this you can avoid certain amount of taxes

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One more point - LTA will take ONLY domestic flights with national airliner

11.5LPA in tech mahindra gave me roughly 72k in hand, that was before the new IT slab. So this should be more than that

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Kindly arrange to share it.

Mechanical Design for Semicon.

In-hand will be around ₹98k to ₹1.08k per month after PF and Tax

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Ignore the above one. I considered ₹13L as Fixed salary.

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Additional Posts in In Hand Salary Calculation👍

I'm an accounts receivable expert with 8+ yrs of experience. I started with 96k per annum in 2014, and have worked with 4 different MNCs since then. Currently I'm getting approx 9Lpa, and it feels like I'm pretty much stuck here. Switching jobs increases the pay scale, while staying for a while reflects stability.

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Hi Fishes,
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Hi Fishes, Can you please help me with in-hand salary. Also, I didn’t understand the LTA part(exempt on valid bills). Does that mean I will get it only after valid bills?
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