Hi Fishes,
Can you please help me with monthly in-hand salary according to below offer-

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Inhand will be 78360 excluding Bonus if whole 80C is utilised i.e. 1,50,000- 26400= 1,23,600 you need to Invest additionally.
Calculation is HRA: Max 40% of Basic for Non metro so 88000.
So 11,00,000- HRA - SD - PF( Employer share)- Food Coupon - 80C - Bonus-2400 professional tax.
So 11,00,000-88000-50000-26400-13200-150000-27917-2400 = 742083 Taxable
Net Tax: 63353
Actuals: 11,00,000- Tax- PF*2- Food Coupon - Bonus- Prof Tax -= 78360.
Calculate Bonus with Tax as 20.8% will be deducted.

upliftinglikehelpful

Thank you so much for the detailed explanation 😊

Approximately 80K - 83K

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Looks like monthly salary would be 84k minus Professional Tax (200 or 300), Provident Fund (Your contribution i.e. 2200) & income tax based on your IT declaration. Should be 81-82k in hand if you are saving completely on tax. Needless to say, this is excluding your benefits like meal coupons, leave travel allowance, etc.. these amounts would be given upon submission of proof.

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Thank you ✌️

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