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Hi all,
I joined KPMG around 3 months ago but I am not getting work here. Although, I qualified some project's interview, yet due to some internal reason, they considered someone else, and I again came on bench.
I am unable to figure out what can be done now.
Should I start searching work outside.
(I hardly see any job openings these days)
(sap domain)
How's the resource management here?
(do they lagOff?)
Any inputs will be helpful.
Thanks!
How many employees does KGS have in total?
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This is kind of an extra benefit to save tax.
You can purchase a laptop (1.5 lakhs max).
After submitting the bill, you will get a complete refund in your salary account and then the amount which you got as refund will be divided by 36.
EMI's will be deducted from your salary till 36 months.
For example: laptop cost is 1.5 lakh. On submitting the bills, you will get 1.5 lakh refund. 1.5 lakh will be divided for three years (i.e.50k tax can be saved each year)
Am emi of 4166 will be deducted from your salary every month
This was a great response and thank you for a detailed explanation. Truly no doubts at all. Understood everything.
Pro
It's not any additional CTC benefit. The amount will be divided by 36 months.
For the sake of simplicity let's assume the laptop costs 97200. Dividing it by 36 will come to 2700 per month. Assuming you are in the highest tax bracket, the tax on 2700 per month would be around 890(roughly 33% of 2700). This tax amount is reduced from the TDS which is your net saving. So every year you will save roughly 10700 in taxes. Across 3 year's your overall tax savings will be 32100 based on the example.
Thank you 👍
Extra benefits count it as tax savings scheme