My salary is 12.5LPA and for this year I chose New Tax Regime. Now, I feel, I did a blunder. Its deducting 6K for TDS. I thought It will be less than of Old Regime for my salary bracket. But, I was wrong. My in Hand used to come 92K, after switching to new, Its 86.6K. Can someone please help, how to revert this mistake.

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

The TDS is higher since your pay has increased. When was your CTC revised? If it was before 2022 April, then you can say there's an increase in TDS. If not, then in old it might go more than that as well. Try to use an online calculator to get an overview for this!

like

That's the reason for the lower TDS. Since you joined in September and you would not have seen the impact of tax on your salary. Tax is higher as the salary increases, so try to use an online calculator and check if either new or old regime will work for you. But even if you change the regime the money you save will not be a lot TBH.

Post Photo
like

Related Posts

Been back from maternity leave for four months and while I was out I got a new boss and my role evolved (not surprising, but not entirely what I want either). How long would you stay before looking?

After how many days of HR discussion I will get offer letter from KPMG global services.

like

Taking down statues is like praying in public: it’s all for show.

Suggestion: engage in talks with your family members who hold bigoted, homophobic, sexist, and racist views. That makes a bigger impact than running around in masks and destroying property.

like

Need some advice here.I am a fullstack developer with 5 yoe in Angular and Python.My aim is to crack FAANG companies.Now I got an offer from HSBC in a credit risk model monitoring role using Python.It is close to a data engineer role.

My question is that will it be a good idea to shift from development role to a model monitoring role if I want to move to FAANG in the future even for an ML role?Or does FAANG not prefer people who are not in core development roles?Amazon Google Microsoft Adobe Citi Barclays Bank of America

like

I think I generally do good work… except on one case with one partner. I got added to the case at a crucial moment with no context and no time to get caught up to speed. What I was asked to do was beyond my experience level and it’s been mistake after mistake since then. I just made another mistake this week, which I promptly addressed. Still, I have to call the partner tomorrow to explain. Continued…

likehelpful

I can’t close my eyes, when I do, I see that young black man on the grown with someone seating on his neck. I am raising a black kid and this keeps me up at night. I am so heartbroken.

like

Any recommendations for a home office good chair ? Have some left over wellness subsidy I could use as well

like

Any badminton leagues or clubs for 20 something’s out there?

like

Found out my husband has been texting a female coworker for months (someone he talks about a lot and I told him I was uncomfortable a few months ago)… he referred to me as his sugar mama, has been bringing her coffee… I’m so hurt and enraged, is this normal? Am I overreacting?

like

How is Accenture Capability Network?

like

Best paying/highest comp UMM funds?

like

Hi folks,


I have been assigned to one client project.... During a client interview they have asked qns in my relevant technology but after getting into the project they put me in different tech... Which I have never worked at before...
That project is short term and they are asking to complete the development within 2 weeks and I am the only one resource... I told my tech skills to my pm... He said no other resources is available to replace you.... What should I do now....

like

How much do Attorney Development Managers typically get paid?

like

Do we need to go to client location in EY India or can we work out of EY offices?
How frequently can we change teams(client)?
Also, what should I get as a designation? (5+yoe, data science)

like

Hello everyone just curious to what is the salary slab for a Quality Assurance Lead with 12+ years of experience

Any courses on Linkedin Learning that u would recommend?

like

Most productive/effective networking groups for women in product?

like

Got my PwC severance package today deposited...much larger than I calculated...I know I had s lot of accrued vacation but it was deposited in two oddly large amounts

like

Any recommendations for online Master in Healthcare Analytics programs? I’m 2.5 years out of undergrad and have a BS in HIM. Also would appreciate thoughts on if it’s worth pursuing.

like

Anyone have connections at Slack?

Additional Posts in InHand Salary and Tax Calculation

I have got an offer from LTI, They gave me what I asked, but it has variable portion which I didn't realise that time. Now I have another offer which is 20% higher than what LTI offered me. So I am thinking whether I need to discuss for counter them to match with the offer which I have in hand? Please advise.

like

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

like

I have recently started sales and marketing job at walmart India but i had been working there in the same company for 2 years as an off roll employees for E-commerce. If my in hand Salary is enough ??

Post Photo
like

Hi fishes, what will be in hand after all the tax deductions?

Post Photo
like

Hello fishes,

Can you please let me know whaat will be my inhand salary and tax?

Post Photo
like

This may help u

Post Photo
like

Is it Better option to switch only after 2-3 months of joining?

How much in- hand salary can I expect if I have 17.5 as CTC -
Basic 7,00,000
HRA 3,50,000
Employee Engagement Bonus 42,000
Benefits plan 4,09,080
PF 84,000
Gratuity 33,670
Variable Pay1,31,250

How much can be expected from ANZ for Product owner role?

like

What is the maximum salary of DWH testing engineer Ex.-1 year?

like

Hi all,
Need likes to start chatting with individuals in group

likehelpful

Help me with the inhand salary.

Post Photo
like

Basic 44,208
House Rent Allowance 22,104
Special Allowance 20,304
Total Monthly (A) 86,617
Total Monthly Annualised (B) 10,39,400
Provident Fund _ 21,600
Total Annualised (C) 21,600
Total Fixed Annual Gross Salary (B + C) 10,61,000
Gratuity 25,505
Mediclaim Insurance _13,588
Total of Section B 39,093
Total CTC (Section A + B) 11,00,093

What will be inhand salary?

like
likeuplifting

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

Hi Sharks,
Could anyone can confirm exactly how much monthly intake from the below CTC.
Stack: HPC
YOE: 6

Post Photo
like

Currently earning 32L fixed, and in dire need of tax savings tips.
80C 1.5L is overflowing
I have a Home Loan (60L)
No NPS
What are the ways can i save tax? Paying 8L + 😭

likefunny

Hi Sharks,
How much take home salary for the below attached ctc.

Post Photo
like

Hi guys 👋🏻
This is regarding the interest amount of our EPF.

For you guys,is the interest details showing any amount in the EPFO member passbook? Or is it showing '0' like me(As seen in the photo below)?

Is the government yet to credit the interest amounts of our PF balances? Or is something wrong with my PF account only?

Any inputs will be really appreciated 🙂

Post Photo
like

How much I expected from siemens?
Yoe-2.8
CTC-7LPA

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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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