Income Tax Suggestion-
People earning 25LPA, which regime are you choosing and what are you doing to pay minimum tax.
Thanks!

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

The difference between the new and old tax regime is coming out to be very miniscule.

like

Could you please suggest whether minimum (1800) or max PF is better? Also I’m unable to figure out which regime I should opt. I will be able to hardly utilise 80C, 24B, 80D. Basically, I’m trying to get max possible in hand with min possible tax. TIA.

Go for old regime. There are many benefits such as HRA deduction, 80C deduction, 80D health insurance deduction, NPS deduction, standard deduction, and others (Home loan interest, donations). This will save your taxes for sure and also enable you to make some savings.

You can also compare both schemes and check your annual taxes. If you are interested in above scheme of things then opt for old one.

Related Posts

My joining date is mid of month 16-june(credit suisse) so can i get aug month salary on 30-june.
What is payroll cutoff date.

How much have you heard of Account Managers making at companies in the tech space? I'm thinking about leaving my market research company.

Are you supposed to receive a signing bonus for an entry level job at MBB?

Will I get the yearly bonus if i join in october ?

What is the performance review cycle at Salesforce? Will someone hired in November/December be eligible to receive the annual bonus?

like

Hi Fishes ! Any idea how's the product team at Shine(HTmedia). Getting 22 LPA fixed as PM. I've a total of 3 years of workex in product.

like

What would be the normal CTC range for Associate Consultant at Pune? My current CTC is 6 LPA. If suppose I am negotiating with KPMG HR, how much CTC shall I ask for Supply Chain & Operations role?

What would be the hike percentage for getting promoted from Associate consultant to Consultant?
Will I get the promotion percentage + year end cycle hike percentage (let's assume that I am getting 3 rating) or just promotion percentage?
YOE : 6+

like

Hello,
London is a world class metropolitan city and so is the cost of livi.
But then why don't MAANG or other big techs pay as high for software managers and other leadership roles as they do in the USA, particularly California, Washington, New York. In fact for the same role, $ salaries are at least 3X higher to their counterparts roles here in London.
Definitely, London isn't 3X cheaper them.
Is it that companies don't want that high here or there isn't enough competition or something else?

like

Does Deloitte negotiate on salary for undergrad Federal BTA?

like

What’s an appropriate rate to charge per word for a publication like VentureBeat or TechCrunch?

like

I have sent my letter to negotiate salary. Praying for good news!

like

For those that are maxing out their 401(k)s, Roths, etc, what percentage(s) are you contributing every pay? Please list % and salary for reference.

like

I am looking for VP position in HSBC. What should be salary range?
HSBC India
Current ctc-35lpa
Yoe- 14.5
Looking for program /Delivery roles.

like

Anyone have insight into Clark Hill? Salaries?

like

How much are people paying for renters insurance in Bay Area, specifically East Bay?

Drop your insurance company names, if comfortable.

like

Is Argyle, TX good place to buy home and raise family?

like

I want to buy a townhome or small house but I have no idea where to start. I’m a single, 24 yr old woman with 2 puppies so I just want a nice place to make my own. I don’t make much so I don’t know what I’ll be able to afford or what areas to look in since Atlanta seems to be so pricey, though I have no debt. Any advice?

like

Who thinks they’ll include BPG if they give mid-year increases?

like

I have more than 10 years of experience in Manual/Database Testing, Data Consulting,Data Quality and Data Migration using SQL. I am also a certified Professional Scrum Master (PSM) and certified Professional Scrum Product Owner (PSPO). What salary should I ask for. I mean any average CTC looking at the current market and my YOE.

like

More Posts

Housecleaning services?
I’m in midtown west and need a new housecleaner. Looking to pay $100/cleaning. Does anyone have any recommendations for someone who is trustworthy and reliable? I would also need them to do laundry (laundry is one floor above and below me - every other floor in my building).

like
like
like

Anyone attended Airbus managerial round ?
Can you please share your experience.
Thanks in advance Airbus

How do you manage keeping track of and responding to teams chats and emails in a timely manner? I have a hard time addressing chats when I am focused on something else, because I know it will completely derail me. But then I forgot to circle back to the chat when I’m done and I’ve recently been told that my response time is unacceptable and needs to improve, but I’m truly unsure how to improve.

like

Anyone doing NaNoWriMo this year?

Poor son will have fun in the upcoming years, set up his own bar too high from the early days

Post Photo
funnylikeuplifting

Anyone from Deloitte August GC cycle hear back from talent?

like

Anybody interested in getting a reference for PwC NYC office, please DM me!

Signing bonus for Associate is 5K and Senior Associate is 10K. It's not bad right?

like

What is the salary range in Accenture for Level 7 in the Applied Intelligence Team? Job location - Bangalore

like

Hi everyone! I’m on the last round of interviews for an EA position at META, would any of you be willing to provide your hourly base pay? The recruiter gave me what seems a very low base pay. Thank you!

like

Alvarez & Marsal Any 🏳️‍🌈 🐠 that have worked at Alvarez & Marsal? I’ve got an offer for the PEPI group and would love to hear any insights.

like

Been thinking about the other post about ADHD jobs. Any other job hoppers here or people with non linear careers? Or maybe you got a specific degree and are now doing something completely different? This has been a decade-long struggle for me.

like

What does a Solution Architect at Slalom do? Is there a way to prepare for the work required of the position (e.g., re-read my AWS Certified Solutions Architect - Associate material)?

likehelpful

Hi on what tech stack does PLM group work at Airbus and do they do full stack development??

Dan Wieden passed away

like

Best hotel brand (considering loyalty programs) now that SPG is officially dead? Lifetime platinum with SPG but ready to and willing to make a change.

like

Does anyone share the feeling of wanting more lawyer friends in their circle? Sometimes it’s nice to talk about anything besides the law and work; yet, other times, I crave talking to people who share similar experiences and can bounce case ideas and strategy, vent about opposing counsel and Judges, etc...you know, people who just “get it”.

like

I’m happy with my relationship but the thing is I never really have a spark with the girl. Can someone relate or explain? I’m not sure if I should keep doing this. Maybe I’m just in an comfort zone now?

like

37M- How to start a (mutual agreed) divorce process in California? Can I e-file? Do I need a lawyer?
(No kids, no joint assets, about 4.5 years into marriage)

like

Additional Posts in InHand Salary and Tax Calculation

What is the difference in subscription to notified and subscription to approved mutual funds?

like

How much in hand if 12 lpa package in TTL

like

Salary - What is the salary of Operations Managers in Hyderabad

Hi Fishes,

I need 11 likes to start chatting with Individuals in the group.
Pls help

Regards

likesmart

What's the inhand salary calculation for below 2 offers(after tax)

1. 34 LPA fixed pay ( both employer and employee PF included) 12% of Basic. Total 3.2 LPA in PF deduction.

2. 36.5 LPA fixed pay ( employee pf 12% of basic and employer PF is 1800 )

My Deductions are
1. 1.5 lakhs 80c
2. 50k 80ccd
3. HRA - 22k p.m.

like

Hi Folks,

Can anybody help me with my inhand salary calculation?

Investments:
80C- 1.5 Lakh
80CCD- 50 thousand

House Rent:
INR- 14850 PER MONTH in Tier 1 city

Post Photo
like

Hi 🐠🐋🐟

Can anyone let me know how much inhand i will get after using 80C 80E 80D?

And let me know is it good to package for DevOps engineer with 5.6 yoe.

Note: I am not showing off here just want to know the In hand as I am new to this package.
HCL Technologies Tech Mahindra Tata Consultancy Accenture

Post Photo

Hello!
Can someone please tell how much is the in-hand salary.
Thank you!

Post Photo
likeuplifting

What is the 2022 package for new hire at Texas instruments Banglore?

like

Hi Guys what should be the best ask for onsite Belgium in terms of compensation

like

YOE - 3.8

Ctc offered - 16.7

Fixed - 14.5

Location - Bangalore

Please advise whether the package offered is okay or not. Should I look for another offer?

like

Wipro 8.5LPA
TiBCO 12.5 LPA

Which one is better in terms of job security and WLB ?

like

Hi All,
What is the market range of salary of an Assistant Manager in compliance (regulatory, Insider trading, AML) with 6 years of experience in a listed company?

like

Hi folks .. I recently got selected in Amazon for L4 position in Bangalore for the role HR Specialist U.S .. my recruiter said my CTC would be 7.7 lpa and my current CTC is 4.75 lpa .. please advise how much I can negotiate here. I am looking for more than 10lpa per annum minimum.. Amazon

Inhand take home monthly pay for 20lpa in Accenture india? Can anyone please let me know the same? On the verge of getting an offer

like

How much I can expect monthly take home salary. I pay rent 1LPA,1.5 LPA 80c. Any suggestions to minimize the tax deductions?

Post Photo
like

Hello All,
Need 11 likes to enable DM.
Thanks

likehelpful

Hello Fishesh,

Can someone please help me in filing ITR? CA are charging 10% on returns. Not sure if we can do it by our ownself and save the same amnt.

like

What should be the approx in hand?
CTC: 14lpa
Fixed: 12.8lpa, Variable: 1.2lpa
80c: 1.5L
Std Deduction: 50K

Apart from this, also let me know how else I can save tax.
Thanks a ton 🙏

like

Infosys 17 lpa 15%variable pay how much i will get

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