Hi Can anyone help me with this.
I have been offerered a job with a fixded pay of 15.6 l
details of break up
5l basic
hra 2.5lackls
special allowance 7lacks
lta 50k
pf 60k
Can anyone tell me how much will i get in hand and any questions that i should ask the hr about.
From India, Jubilee Hills
I have been offerered a job with a fixded pay of 15.6 l
details of break up
5l basic
hra 2.5lackls
special allowance 7lacks
lta 50k
pf 60k
Can anyone tell me how much will i get in hand and any questions that i should ask the hr about.
From India, Jubilee Hills
Dear Satya,
Since the amounts shown under the heads L.T.A and contribution to P. F are fringe benefits, your take home salary would be the aggregate of the other items minus your contribution to E. P. F and T. D. S.
From India, Salem
6018Since the amounts shown under the heads L.T.A and contribution to P. F are fringe benefits, your take home salary would be the aggregate of the other items minus your contribution to E. P. F and T. D. S.
From India, Salem
Hi,
According to me you will get in hand amount : 14.5 , as pf and lta would be reimburse after a time being. this would be beneficial if you can ask your HR that what all benefits and allowance are in special allowance.
Seniors can give you more clarity also.
From India, Delhi
According to me you will get in hand amount : 14.5 , as pf and lta would be reimburse after a time being. this would be beneficial if you can ask your HR that what all benefits and allowance are in special allowance.
Seniors can give you more clarity also.
From India, Delhi
Dear Satya,
Your total earning per year is taxable. Therefore, it needs to know your Income tax saving plan( LIC Premium, NSC, Tax saving FD, PPF etc.), House Rent if any, Amount of PF & PTAX will be deducted at source and so on to arrive at your actual take home salary. Moreover, whether all the components will be paid monthly basis or any other basis will also be required. Try to enhance your basic idea about Income Tax otherwise being a taxable employee and rules are changing every year, you will be in trouble .
Thanks & Regards,
S K Bandyopadhyay
USD HR Solutions
From India, New Delhi
Your total earning per year is taxable. Therefore, it needs to know your Income tax saving plan( LIC Premium, NSC, Tax saving FD, PPF etc.), House Rent if any, Amount of PF & PTAX will be deducted at source and so on to arrive at your actual take home salary. Moreover, whether all the components will be paid monthly basis or any other basis will also be required. Try to enhance your basic idea about Income Tax otherwise being a taxable employee and rules are changing every year, you will be in trouble .
Thanks & Regards,
S K Bandyopadhyay
USD HR Solutions
From India, New Delhi
Hi
The gross monthly salary may be somewhere around 1.2L per month less taxes which depends on the savings, loans etc. You are eligible for standard deduction of 40k per year, housing loan interest etc apart from the 150k on the long term deposits/savings like LIC etc. You also have 50k exemption if you have NPS savings. But tax experts may be able to throw light on how to save the maximum whilst paying your taxes.
Thanks and Regards
From India, Hyderabad
The gross monthly salary may be somewhere around 1.2L per month less taxes which depends on the savings, loans etc. You are eligible for standard deduction of 40k per year, housing loan interest etc apart from the 150k on the long term deposits/savings like LIC etc. You also have 50k exemption if you have NPS savings. But tax experts may be able to throw light on how to save the maximum whilst paying your taxes.
Thanks and Regards
From India, Hyderabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
PF Contribution on Leave Encashment - Clarification by EPFO.pdf
Holiday-CEO Clarification.j pg