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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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State tax savings is ~3% but Ymmv depending on deductions etc.
You would save around $2k per year. I moved offices the same way.
I pay city tax at ~3.68% etr on a 200k which i dont hv to pay if i lived in nj.
M2. What is the 2k savings from? Is the state income tax that much less in NJ? Wouldn’t you have gotten a credit for tax paid to nyc when you were based there?