Just now into tax slab salary range
30k save karne ke 1lakh invest karna h 🙄🙄

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

Welcome to the unfair world of taxation

like

& that amt will lock for min 5 years

funnylike

Whereas, the job can get over any day.

like

Don't invest just because you want to save tax. Invest because you want to grow money more than inflation.

Try to think about being financially independent after few years, It needs saving and compounding money for years.

Check out ELSS MF, PPF. I don't prefer NPS as i feel the above two suffice your needs.

like

Check for the options under 80C exemptions. You can begin with Life/Term insurance (if not already purchased).

Bro max 1.5 lakh only right under 80c

like

Try NPS , additional 50k, lock-in till age of 60 years !

50k

helpful

No need to roll eyes. The investments are set aside for long duration to hedge against any risk of normal ups and downs. 80C can get you 1.5 lacs. NPS is under 80CCD which is another 0.5 lacs. Home loans interest part can be another 2 lacs. If not loan, use HRA for another 1.5 lacs or more depending on salary etc.

Bro, investing means you are not losing it.
It will be yours only in future.

Tax professional here. (US tax though Not India) if you are just in tax bracket that means you do not have alot of liquid cash and the market is expensive. Try to get insurance cover first you can get a good 10L insurance with 12k annual premium. For the rest Try LIC policies for short term they will give you tax savings and you don't have to invest huge amounts. You can plan for long term investments in a year or two when you are more financially sound. All the best. Be a kind human being when you grow.

Related Posts

Can an SAP consultant ever make as much as the people working in Tech? What's the maximum salary you saw a guy with SAP background getting?

like

Can some confirm me what is the take home salary after all the deductions? Company HCL

Post Photo
like

Any idea on what premium Facebook (Meta) pays for roles in NYC vs the range listed for Colorado? Also curious to know what level I should expect to come in at with 5 YOE in the risk team. Any ideas on expected signing bonus would be great to. Imminently awaiting an offer letter. TIA!

like

Does anyone have an idea on the best emerging markets to invest in before the recession hits? Is gold, or any other commodity going to be the safe haven as well? Thanks everyone

like

Recommendations on how to simultaneously pay off student loans and invest?

like

Hello Barclays folks,
Good evening!!
I will be joining on 14th nov. I heard that if the bank account details are not updated before the 15th salary will not get credited for that month and I need to wait for next month for full payment.please let me know where to update and what's the lastdate

like

Hi! I interviewed for a Digital Marketing Analyst for an agency for Data Center and Telecom PR/ Tech. Since we are virtual country wide, he asked what my salary requirement would be for this role. I haven’t had this type of position before and am unsure what to say. I want to reach for the stars but don’t want to come across with a scary offer. Can anyone advise or have any salary ranges? No info on Glassdoor for salaries at the company! I will be living near the SF Bay Area.

like

Do HCL revise offered salary or counter offer if other in hand offer shared?

like

I share my first property with a family member which is my primary home. If I buy a second property (and keep the first property) and live there, does that second property now qualify as my primary home?

like

Need to urgently find a 500k job. Can't keep up with mortgages with anything less. Any advice?

likefunny
like

How long should it typically take for a company/agency to send over an offer after they’ve asked you for your compensation details? I can’t tell if I’m being ghosted or they’re just getting their ducks in rows. 😅

like

My dad stole my identity a couple
years back and tanked my credit score
- brought it down to like 400. I've
been working towards fixing it so that
my boyfriend and I can buy a house in
the next year or so. This morning, I
checked my score after not looking at
it for a while and I'm in the mid 600s!
Y'all don't know how happy I am
about this lol

uplifting

What percentage of your income do you save, invest and spend?

like

Due to a family situation we are looking to move to a different state. Normally we would sell our current home and buy a new home in our new location. However, with todays prices and interest, will it make more sense to rent out our current home and rent a home ourselves vs. selling and buying immediately when we move? We are moving from Vegas to Sacramento and we are not sure how long we would stay in the new area. Thoughts?

Is starting salary of 70k good in retail, or am I being lowballed? MCOL city and have a couple of years of experience. I feel like this is low? What should I do?

likehelpful

I just received an offer to lateral into banking. How does independence affect the stocks I currently own? If I join and my stocks are on a restricted list will I have to sell them? Or will I be limited to being unable to buy more/sell any during the course of my employment.

likeuplifting

Hello all,I want some advise. Please guide me. I am having an offer of 8 lpa ( YOE-1.10) from an MNC
And serving notice period and I am worried whether it was a right decision to put paper as Recession is likely to hit the market. Will I have any impact of it? I mean is there any chance of my offer getting revoked?
Actually the salary slab in TCS is so low it was getting very difficult to survive. Need your thoughts. Please guide.

like

Anyone here willing to explain their thesis on bitcoin? Thanks!

like

Is blockfi only a bank and not really investing in crypto?

like

More Posts

How do I prepare a strong story for exit conv to industry? My leadership will try their best to retain me. They have strongly supported me throughout my career, so I might end up burning bridges. I want to leave because I don’t want to continue with the project (don’t have option of changing projects, I am a SME, strong knowledge dependencies, been here for 3+ years). Plus the move will be to industry in different kind of work, which is a big big learning opportunity. Any advice? TIA!

like

Hi.. I applied for an opportunity in UBS which I saw in Linkedin around 10-12 days back and I did receive a kind of automated email for online assessment. I took the assessment but post that I didn't hear anything. I see that job in linkedin is still accepting applications.

What shall I conclude from this? Is my profile not shortlisted for interview or they usually took many applications and then decide who shall be called for interview?
What is the approach?

Current Package - 26 Lacs
Expertise- Product Management ( Designation Consultant)
YOE- 14 years 8 months (all relevant)
Already cleared technical and managerial round of Mindtree and salary Final discussion pending for C6 level.
Mindtree Folks please suggest the realistic package figure I should ask for considering I have to relocate frrom Mumbai to Pune for this role and whether C6 level is apt or not for this experience and skillset.

What's the org structure at Deloitte? Is Assistant Director at EY GDS same as Director at Deloitte India?

like

Ia it good to join EY GDS in consulting service line?

like

Looking for an art partner to come in at the ACD or what my agency calls “group art supervisor” level. Fair warning: it’s pharma, but business is really healthy and leadership usually fights really hard for creative that doesn’t involve couples strolling down the shoreline hand-in-hand :) Hit me with your book if interested

like

How much hike can I expect if I shift to senior recruiter profile in a big organization? My current CTC is 4.8
I am expecting somewhere around 10 lpa, is it possible?

like

Partners with kids and a working spouse, how do you manage? Is it realistic for both people in the relationship to work full time long term? How do you keep marriage going and career progressing?

likesmart

I do things (late nights/weekends) that I don't think my managers/partner knows about since everything is running well - directly correlated with elected hours spent. Is it weird to bring this up?

like

Partners, is it okay to send a deliverable without your review?

funnylike

Anybody interview at Cloudflare?

like

I think I've been spoiled by good 401k and trying to put my offer in perspective.
Offer has 401k match of 50% up to 6%, but vests over 4 years. Is vesting this long common?

like

What numerical level and TC does “Strategy & BizOps Senior Manager” correspond to in big tech?

like
like

Kejri after watching Radhe

Post Photo
funnylike

How long does HSBC take to schedule interview after APTA test?

like

Additional Posts in Consulting India

I have got 2 offers

Mindtree
Deloitte India
Which will be more better to join? Yoe 5.5yrs .how is deloitte india. I have heard a lot about deloitte usi. Recently heard so much about the lot of deloitte ppl leaving due to more work pressure and less wlb. Please suggest.

Hi all

I'm looking for new job
I'm currently working as Angular 7+, node.js , AWS Dynamo, MySql.
I have 3.6 Y.O.E
Preferred location: Bangalore/chennai
Notice period: 90days
Any referrals will be helpful.

Hi guys,

What are your thoughts on new labour code rules?

like

Any openings for software tester role with 6 months of experience, please let me know ?

like

4 to 6 yrs of experience on pega prpc or java, react js, core Java openings in pega systems.

Location: Hyderabad
If anyone interested just let me know.

Just wanted to understand theory behind it... Most of the company for exp lnt did... Lnt took 1st round the interview only 2 question and said u cleared and now after that 10 days 20 days.. They are just saying we will schedule 2 nd round... What's the reason behind it?... Is this true that they are not getting interviewer time slots... Or what can be actual reason behind this.. Taking 1st round hold people for 2 nd round?

likefunny

McKinsey & Company Anyone that can help me with the referral in McKinsey?
McKinsey & Company

likeuplifting

Hi,
I am planning to give SAP HANA Certification in next 2 weeks. Can anyone help me with tips /guide me regarding preparation.

like

How is IBM and what is role and responsibilities for Cloud Software Architect? Any help?IBM

like

Im an Automation tester with 4 YOE. Im planning for upskilling myself, What Tech should i learn more to add weight to my SDET profile, which would help me to get placed in high paid product companies.

My Current TechStack: Java, Selenium, RestAssured etc

like

Hi Fishes,

I need help in figuring out the maximum tax I can save on this offer. Also, I am a little confused about the special allowance part. Will that be the part of my salary?

Any help would be appreciated.

In case you want to know-
YoE - 2.9
CCTC - 9.5 LPA
Role: Front End Angular developer.

TIA

Post Photo
like

Best motivational book to follow?

like

Is everything Ok at wipro as they are stopping the variable pay for employees around grade C and above

like

Hello Fishes,

I have initiated Resignation and got a good offer. HR offered retention and has almost matched my new company offer but my manager kept on insisting me not to revoke the papers.

I have informed HR to assign a different project which suits my role.

My question: Why does a manager asking an employee not to revoke. The same manager promised to increase my ctc but he failed to fulfill. Now HR is inclined to fulfill my expectations but manager asking to quit!

Your thoughts please

like
like

Why is it like.. nowadays companies are paying so much more to hire candidates as compared to they were paying before?

like

Hi Fishes,

GCP or Azure cloud, which one to learn as a Data Engineer?

Thank you.

Required Mainframe Developers
for Cognizant
for All India location.

UrgentHiring.

Experience : 3-10 years preferred.

Please ping me for more details and referral.

like

Hi Fishes

Can anyone please suggest me Which company to join between cogni and tech Mahindra for Salesforce
COGNI - 12L
Tech m- 15L

Anyone knows about Infosys ADM unit ??? What is CME Americas that they mentioned.. Please help if anyone knows.Tata Consultancy Infosys Infosys Limited

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