Hi,
I am a bit of a novice when it comes to accounts. Anyhow, I just got appraised, and the package is 4 P.A. But my monthly salary after all deductions comes up to only 29k. Is this okay?
Here are my deductions:
My Gross monthly (As Per offer letter) is 31448 after deductions of yearly Employee contribution PF - 13925 Medical Allowance - 8703 After that again monthly deductions, EPF @ 12% - 780 Professional Tax - 183 Income tax - 1500 (in 9 Installments starting this month to end in March)
So is this okay? Please let me know your valuable thoughts on this. I thought if I get a package of 4 P.A, my salary will be around 31 at least, but it seems almost 4k is going in deductions for tax & other stuff.
Also, is there any way to save this? Please let me know if you need more information.
Thanks, Gobind.
From India, Madras
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I am a bit of a novice when it comes to accounts. Anyhow, I just got appraised, and the package is 4 P.A. But my monthly salary after all deductions comes up to only 29k. Is this okay?
Here are my deductions:
My Gross monthly (As Per offer letter) is 31448 after deductions of yearly Employee contribution PF - 13925 Medical Allowance - 8703 After that again monthly deductions, EPF @ 12% - 780 Professional Tax - 183 Income tax - 1500 (in 9 Installments starting this month to end in March)
So is this okay? Please let me know your valuable thoughts on this. I thought if I get a package of 4 P.A, my salary will be around 31 at least, but it seems almost 4k is going in deductions for tax & other stuff.
Also, is there any way to save this? Please let me know if you need more information.
Thanks, Gobind.
From India, Madras
Acknowledge(0)Amend(0)
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Salary less tax - CTC.xls