Hi All,

I wanted to make some investments so before doing that I wanted to check if what will be my inhand. Please see the breakdown below:
Basic: 825000
HRA: 330000
LTA: 90000
Special Allowance: 193400
Vehicle Reimbursement: 39600
Books and Periodicals: 25000
Internet and Telephone: 48000
PF: 99000

Total: 16.5

P.S: joining a new company

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Posting as :
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You are currently posting as works at

If you have good knowledge on stock market better to invest over there if not start an SIP in any of the mutual funds by going through the past performance and understand their diversity. You can also think of investing in gold bonds as they were backed by GOI and get an exemption on tax and lastly have liquidity of 4*monthly pay slip value. Try to utilise the 80c(1.5 lpa) tax exemption in such way that you would get better ROI over the time.

likesmart

Vehicle, books and internet would be additional or that much they'll reimburse so it doesn't become taxable. Check and confirm that...

Approx 1 lac if those things are reimbursement.(PF and monthly income tax contribution deducted)
Approx 1.1 lac if those things will be paid separately.

Your 80C is filled with 99k you have 51k remaining get a Term Insurance Plan with critical illness cover around 6-7k/year also deductible in 80C 1.5L : then whatever remains (1.5-0.99-0.07= x) put into ELSS funds.

Next around 5.5k/month in NPS scheme for additional 50k tax exemption.

These are basic!!

Now do whatever you want to do

likesmart

Your per month in hand salary post tax will be around 1.10 lac
Plus minus 2500/- (depends on how you use the tax exemption on vehicle reimbursement)

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1.08L will be your in hand salary

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Python spark and MSTR. Applied through LinkedIn

1.10-1.20 l per month in hand

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YOE ?

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4

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That high a basic? Which company, my friend?

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Congratulations. My YoE is 6y8m and I am getting the same package as you from Teradata, but my basic isn't as high. 😝

likehelpful

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