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I joined Tiger Analytics with CTC of 9lpa. When I check in greythr IT statement, it shows 7.14lpa.
In the CTC payslip, it shows 75k per month as my salary. But this month I got 61k.
I understand they deduct tax, but I feel it is too much. IDK where I'm losing the money. Can someone tell if this is normal. I'm a fresher so, IDK much about it.
Also, what can I do to pay less taxes? Any help on that?
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You won’t struggle with 93k in NYC
Chief
Relatively, yes. In absolute terms, no struggle at all.
If you want exactly the same lifestyle and size of apartment, double your current salary.
If you’re willing to live in a small place, get a roommate, cook more, etc etc, 100k is plenty
Nearly double: https://www.bestplaces.net/cost-of-living/atlanta-ga/new-york-ny/93000
I made this move. I work for D for what it’s worth. I was richer and had a better quality of life on $75k as a new hire in ATL then with $115k in nyc at 4yoe. I think it would be comparable once i hit $150k
any base pay +15k, although you should be able to manage at NYC with 93k
K1 - who?
Ok well now I see why people stay in Consulting because this $93k in Atlanta is really nice and I don’t know if I can outright say “I want $228k” to a recruiter lmao. I’m at 3YOE in MC within a tech group, I don’t know if making the jump is worthwhile for me then
If you want your own apt, then probably $130k, but if you can find a roommate, I lived just fine with $94k in upper Manhattan.
228k for a similar lifestyle in NY(Manhattan)
I think OP is looking for a realistic number that he can hope to get in near future.
Rising Star
Why New York?
That’s true! Thanks P1
If you plan to stay in NYC definitely wait it out for better comp.
If you plan on returning to the south, you should take it, live frugally, save up, and by the time you return you’d be able to afford a solid home.