Hi Fishes,

How to calculate how much to invest in ELSS from your inhand salary? I am PwD(severe) so I am having tax benefit of 1,25,000 under section 80U. Other than that I am planning to invest in ELSS, PPF and also buy life insurance.
How to determine how much to invest in these to save maximum tax and take complete benefit of 80c deductions?
Please help, I am new to Income Tax planning.

CTC-15.5LPA

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

For 15.5 ctc you dont worry about 80c which is of 1.5lakh. your epf will cover atleast half of it and rest u can do it via ppf and elss in ratio of 40:60

Actually we had option to give either 1800/mo or 12% of basic as pf. I chose 1800/mo. Is it a good choice? Because i thought i can invest more in elss and ppf because of high returns.

Related Posts

Hii fishes, i am starting to interview at jpm, can anyone guide me on the process and what should be my salary expectations be for Software Engineer python, yoe 1.5+ at mumbai

like

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

like

Hi Fishes,

Can I join Capco? I am currently a Wipro employee.
The profile and pay is better

What is the best route to take to become an analyst? I have an RN, MBA in Healthcare Management, CPHQ, and 15 years of CQI experience.

What is the salary range for product owner at EPAM system?

like

What should be the average salary of a person LLB graduate having 6.5 years of experience in Legal department of a company in Mumbai.

like

Has anyone opted for a stock option in IBM India? Please share your experience, especially what are the charges when they are being sold? IBM

like

Hi, please help me to calculate in-hand salary after deducting tax and pf etc.

Post Photo
likehelpful

What’s the pay band at BRG for Senior Managing Consultant in their Healthcare Transactions and Strategy (HTS) practice? And why is the title for the position seem so low for the qualification of 7-10 years of experience?

like

How much does a staff circulating nurse with 4yr level 1 trauma experience (multiple specialties but no CVOR though) make in CT? Base pay before differentials

like

General Question!
According to the new Wage Rules, are companies giving Basic Salary as 50% of fixed Pay? Should we ask HR of our current company or the next company to actually do the same? Or the rule isn't a mandate and it's upon companies to follow it ?

like

Many of my health & fitness colleagues are finding themselves out of work. The next big question is, will they ever go back to a gym or health club. While I hope the answer is yes, we must live in the here and now and create new opportunities for the industry. There is a need and demand for well-trained professionals to work online with patients at all stages of treatment, recovery. How will you effectively train your clients these days?

likehelpful

What will be in hand for the below after-tax deduction?

Post Photo
like

Anyone uses lykke wallet to buy crypto? Your feedback on it?
Or is there any other cheaper place to buy?

Any hot leads on Workers Compensation roles?

like

What % of settlements do you take home as an associate? Trying to gauge what I should be seeking in my next contract. Currently at 3% split prorated with all handling attys. Is this normal?

like

Hello, I recently was reached out to by an in-house recruiter at a similar but slightly different company than the one I currently work for. The recruiter provided a base range and an OTE range. The lower end of that range is what I am currently making. The higher end of that range is almost 200k more than my current comp. The role is almost identical. I wasn’t looking to move, but that higher end range would set my family up very nicely for our goals. But I am happy at my current company. Help?

like

can we change our team to different team in PwC. Company achi hai par kaam team mei bahut zada hectic hai yaar. health ki to lag gayi

like

I’m currently Working in Healthcare IT as a Project Manager. Thinking of transitioning into healthcare consulting. What are your tips on this with regards to companies, options and challenges

like

I have interviewed for Decisioning scientist role at NatWest. It has been 2 weeks but I have not heard anything from them, HR said that she has not received feedback yet. How long does the process generally takes. Also how much I should expect, I am currently earning 22 LPA fixed

like

More Posts

🔥How you asked company-1 to beat the offer of company-2 offer ? Have you succeed? If not got same offer like company-2 from company-1 ?

Note - company-1 release 1st offer & company-2 released 2nd offer
I am expecting company-1 should Beat offer not to match the offer.

Your input please

like

Im currently second guessing my decision. I am interested in interviewing with my audit client (no guarantee of job) and informed my audit partner. I had my access removed from the engagement and am pretty nervous on what could happen if things don’t work out. Anyone dealt with this in the past in terms of going to work for their audit client?

likefunny

Hello. I have a job interview coming up. When asked the question by the interviewer, “Why do you want to leave your current employer for us?” What is the best answer?

like

Hi All, I got an offer from London Stock Exchange as a Lead Data Scientist. Is it a good company to work with. They are offering 26LPA fixed and 3.25 Variable. #lseg @ London Stock Exchange

like

Does anyone have any recommendations for where to get a made to measure suit in Dubai? Would need to keep prices below 5k for a 2 piece.

like

Probably the least racy confession on here but I really liked Windows 8 and I'm sad there's nothing like it anymore

likefunnysmart

I've been trying to get my foot in the door with TikTok by creating a series of content that has never been seen before.

But it's hard for me to get views because I don't know how to use SEO or social media marketing effectively.

like

Did a bunch of agencies just go on a firing spree before Christmas?

like

Home office preference question. I am getting ready to redo the layout of my home office. One option I'm considering would have my desk facing a wall. I am wondering if anyone with this current setup has any feedback about it. I would face the wall so that I would have a better background for video conferences (am on about half the day) and also my cord situation would be cleaner.

like

Bain & Company PPO health insurance only! Post your firm's biweekly premium (employee deduction) and whether it's employee, employee+spouse or employee+family.

Deloitte Accenture EY PwC Boston Consulting Group McKinsey & Company Bain & Company KPMG

like

My onboarding in progress in CTS. I have registered with NSR(National Skills Registry) and provided the IT PIN to my recruiter. Do I need to raise a request for EBC(Empanelled Background Checkers) verification at NSR?

like

Hi

Has anyone from the cognizant registered BH for a car in Pune or Maharashtra? And are they allowing it? As per rules its allowed but I heard RTO is declining the request

After 15 years in the industry, I can really say that these last few years have been the most challenging in terms of navigating all the sensitivity and political correctness.

like

Would you rather have 5x amex MR points or 3x chase UR points for each dollar spent on flights? Why? Company let's me book flights on personal cards and trying to decide which to choose.

like

Best books on entrepreneurship? Trying to find a good birthday gift for a friend thinking of starting his own company and exploring business ideas

like

What is the best advice you would give to a junior account manager?

like

Clients are pain in the ass out here

like
like

Light grey suit with white shirt or light blue shirt for wedding? Happy Friday 😂

like

If my H1 is up for extension on July 2019, when should I initiate extension. Can I change my home city in that time period?

Additional Posts in Consulting India

Hello Fishes,

I got 2 offers, one from HCl
Fixed: 19LPA
Variable: 3 LPA

And other from IBM
Fixed: 20LPA

Which one should I consider?
Having known about HCL that they pay variable quite less at the end of year.

Plus I don't know how do HCL provide the hike?

Hi Fishes,
Which is best to join tomorrow is my last working day
1.INCEDO-20Fixed +1 joining bonus
2.HSBC-16Fixed+20%Yearly bonus(3.2lac)
3.Tech mahindra-19 CTC

Which one to join Google operations center, KPMG or Capgemini?

like

How much salary can one ask for Product Manager in EY if already holding an offer of 38L with some other firm?

like

My accenture job portal says offered but I could not view the offer letter. How can I see it? Can it be still revoked?

like
like

I am 34 years old with a CTC of 22 Lac. I have very minimal savings (less than 2 lakhs).

I am concerned how the future will look like for me as I am planning to start a family.

- How much a 34 years old should have saved in terms of liquid money?
- How fast is it possible to have at least 10L in your account?
- How should I approach savings? I have MFs, PF and stocks. But I don’t have any liquid money in my savings account.

like
like

Suggest a gaming laptop that can match the performance of Xbox S?

Edit: Under same budget range.

like

Can Anyone from Atos tell if Atos is allowing WFH or it is mandatory to come to office
@Atos

likesmart

What’s the salary of a consultant at Oliver wyman? (Straight out of bschool)

like

Hi Fishes,
+Repost
I have 6 years of experience and have offers from the below companies, Help me on selecting the same?
I am getting a headache as my last date is approaching. Please Help me before Jan 18.

Company, project, CTCdetails are below.

Value Labs - Banking(Fullstack) - 19Fixed + 2LPA
NTT Data - Well Fargos (React) - 20 + 2LPA
Hexaware - Amaze Banking Project (reactjs,aZURE) - 20+2 LPA
GSPANN - Sports E-commerce (AWS, MERN) - 20+2 LPA

Harman connected services (product division) 32 ctc vs Allstate 35 +2 JB ctc. Need suggestion. 10.8 yoe, Java spring boot microservices Looking for good work life balance Harman Connected Services Allstate

Is taking tuition class for kids after office hours considered moonlighting?

funnylikesmart

Hey guys.
I started my notice period journey ~3 months ago, when i received an offer from company A.
Now at the end of my notice period I have decided to join company B.
Company A was very supportive during my notice period and always open to negotiation on salary and location. I'm feeling guilty not joining them 😕

Hi Fishes,

We are looking to onboard new DSA's (direct selling agents) for sourcing commercial business loans.

Any empanlled DSA's with reputed banks/nbfc will be added advantage.

Any leads would be highly appreciated.
Kindly dm me with details.

like

Any information about vSynergize Pune ???
Need help

like

Any vacancy for transaction analyst (Non-voice) with 1+ year experience in Chennai.

Hello fishes,

I have difficult decision to make. I want to build a career on cloud technologies. Currently I'm confused between choosing AWS and Oracle Cloud. My personal preference is AWS but my current project is more based on Oracle Cloud.

Please help me out as which one would be a better choice in terms of growth and opportunities.

Thanks in advance.

like

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